LINCOLN, Neb., May 11, 2021 /PRNewswire/ — Year-over-year improvements in asking and auction values continue to be the trend across the used construction equipment, agricultural equipment, and commercial truck markets, according to a new Sandhills Global Market Report. Of the three markets, farm equipment exhibited the smallest value increases, as indicated by the accompanying chart. The Sandhills Equipment Value Index (EVI) for heavy-duty trucks showed the most pronounced increase, posting a 39.2% YOY rise within the auction market in May and a 10.8% YOY increase in asking values. Buyers and sellers can use the information in Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions.
Each Sandhills Market Report explores the most notable changes in the constantly evolving used heavy-duty truck and equipment industries. Each report includes detailed analysis and charts that help readers visualize the data. The charts accompanying this announcement detail the historic YOY value changes in asking and auction values occurring throughout 2021.
U.S. Used Heavy-Duty Trucks
- In addition to the 39.2% YOY increase in auction values and 10.8% YOY increase in asking values mentioned above for the used heavy-duty truck market, values are up within the sleeper truck category.
- Auction values for sleeper trucks posted a 10-percentage-point improvement compared to April 2021, moving up to 56.9% YOY from 47.2% YOY, while asking values rose 8 percentage points to 19.6% YOY.
U.S. Used Heavy-Duty Construction Equipment
- The Sandhills EVI for used construction equipment posted a 2-percentage-point increase in both auction values (up 18.5% YOY) and asking values (up 11.5% YOY).
- Minor value increases were also present within the crawler dozer category. Dozer auction values were up 11.7% YOY in May compared to 10.9% YOY in April, while dozer asking values were up 5.7% YOY this month compared to 5.2% YOY last month.
U.S. Used Agriculture Equipment
- The Sandhills EVI for used farm equipment posted a 13.1% YOY increase within the auction market, up just slightly from a 13.0% YOY increase posted last month. Asking values rose to an 8.3% YOY increase this month, also a modest improvement over the previous month’s 7.5% YOY increase.
- Looking at the 300-plus-horsepower tractor category, the Sandhills Auction EVI posted at 10.4% YOY this month, while asking values posted at 4.35% YOY. Both of these increases represented a 1% improvement compared to last month.
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About Sandhills Global
Sandhills Global is an information processing company headquartered in Lincoln, Nebraska. Our products and services gather, process, and distribute information in the form of trade publications, websites, and online services that connect buyers and sellers across the construction, agriculture, forestry, oil and gas, heavy equipment, commercial trucking, and aviation industries. Our integrated, industry-specific approach to hosted technologies and services offers solutions that help businesses large and small operate efficiently and grow securely, cost-effectively, and successfully. Sandhills Global—we are the cloud.
About the Sandhills Equipment Value Index
The Sandhills Equipment Value Index (EVI) 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, including AuctionTime.com, TractorHouse.com, MachineryTrader.com, TruckPaper.com, and other industry-specific equipment platforms. Powered by FleetEvaluator, Sandhills’ proprietary asset valuation tool, Sandhills EVI provides useful insights into the ever-changing supply-and-demand conditions for each industry.
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SOURCE Sandhills Global