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Sandhills Global Market Data Shows Positive Pricing Trends Across the Trucking, Construction, and Ag Markets

A recent Sandhills Global market data report indicated the year-over-year average value of used equipment in the heavy-duty truck market are on the rise. On close examination of the day cab truck market in particular, Sandhills notes a continuing positive trend after many negative months. Certain sectors within the agriculture and construction equipment market are also rising. These trends could mean that equipment sellers will see more demand and greater profits on used inventory in the coming months.

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Chart Takeaways

Sandhills market data reports are based on the massive pool of worldwide data from Sandhills marketplaces including TruckPaper.com, MachineryTrader.com, TractorHouse.com, and AuctionTime.com. Buyers and sellers can use the information to track the pulse of the market and get the biggest return for specific assets with changing values. Trends to note include:

U.S. Class 8 Day Cab Trucks Used Market

• The asking price per mile for day cabs continues to show improvement, with a 4.7% increase. Pricing in this market has been positive for the third consecutive month, continuing an upward trend following a previously continuous negative trend.

U.S. Loader Backhoes Used Market

• Historically low inventory levels and an 11% YOY average price increase in the 4WD loader backhoes market are leading to an overall average price increase YOY.

U.S. Combines Used Market

• The combine market has seen an overall price increase of 6% YOY, primarily due to increases in the 3- to 5-year 4WD group, in which there has been a steady YOY price variance throughout 2020.
  

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About Sandhills Used Price Index

Sandhills Used Price Index is a principal gauge of the estimated market values of used assets—both currently and over time—across the construction, agricultural, and commercial trucking industries represented by Sandhillls’ marketplaces. Powered by FleetEvaluator, Sandhills’ proprietary asset valuation tool, the Used Price Index provides useful insights into the ever-changing supply-and-demand conditions for each industry.