News

New Sandhills Global Market Data Shows Decreasing Inventory Levels Contributing to Value Increases in Used Machines 10 Years or Older

A new Sandhills Global market data report brings to light several interesting year-over-year value gains across the 10-plus-year age group in the used agriculture equipment, construction machinery, and commercial truck markets. The YOY value increases are tied to decreasing inventory levels and serve as a valuable reminder that equipment values must be constantly re-assessed based on changing market conditions.

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Chart Takeaways

Comparing December 2020 to December 2019, used agriculture equipment values were up (6.85% YOY), as were used truck values (4.94% YOY). Key segments in the 10- to 15-year age group helped to prop up these used equipment markets. Notable trends to note from December 2020 include:

U.S. Used Heavy-Duty Trucks

• The Sandhills Used Truck Price Index indicates used sleeper truck values increased 8.31% YOY and used day cabs were up 3.48% YOY. The 10- to 15-year age group within the day cab market led the way with a double-digit YOY increase.
  

U.S. Used Heavy-Duty Construction Equipment

• Drilling into the 10- to 15-year age group across construction categories, the Sandhills Used Construction Price Index showed a 12.2% YOY price improvement.

• This jump was highlighted by dozer values, which were up 19% YOY, and wheel loaders, with values up 11% YOY.
  

U.S. Used Farm Equipment

• The Sandhills Agriculture Used Price Index finds that within the category of tractors rated at 175-plus horsepower, the 10- to 15-year age group displayed an average 9% YOY increase in price.
  

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For more information, or to receive detailed analysis from Sandhills Global, contact us at [email protected].

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 Sandhills Global 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.