Auction Values of Used High

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07 Aug, 2023, 11:03 ET

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LINCOLN, Neb., Aug. 7, 2023 /PRNewswire/ -- As inventory levels of used tractors in Sandhills Global marketplaces continue to recover from post-pandemic lows, auction values are exhibiting a decline, according to Sandhills' newest market reports. Inventories of used high-horsepower tractors (300 horsepower and greater) are increasing especially quickly, with auction values trending downward as a result. Used high-horsepower tractor asking values have reacted more slowly to inventory increases, however, resulting in a widening gap between auction and asking values.

Inventory increases across the other industries Sandhills tracks—used farm equipment, construction equipment, heavy-duty trucks, and semitrailers—are also leading to lower auction values as well as a widening gap between asking and auction values. Auction value declines paused in July, however, in the used combine category as seasonal inventory decreases were observed.

"As inventories are building back up for high-horsepower tractors, asking values haven't been impacted as much as auction values," says Sales Manager Mitch Helman. "The gap between auction and asking values keeps growing, so it's important for dealers to note the detailed analysis in the market reports and watch how these trends develop."

The key metric used in all of Sandhills' market reports is the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the information in the Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions. The Sandhills EVI data include equipment available in auction and retail markets as well as model year equipment actively in use.

Additional Market Report TakeawaysSandhills market reports highlight the most significant changes in Sandhills' used heavy-duty truck, semitrailer, farm machinery, and construction equipment markets. Key points from the current reports are listed below. Full reports are available upon request.

U.S. Used Farm Equipment

U.S. Used Tractors 300 Horsepower and Greater

U.S. Used Compact and Utility Tractors

U.S. Used Heavy-Duty Trucks

U.S. Used Semitrailers

U.S. Used Medium-Duty Trucks

U.S. Used Heavy-Duty Construction Equipment

U.S. Used Medium-Duty Construction Equipment

U.S. Used Lifts

Obtain the Full ReportsFor more information, or to receive detailed analysis from Sandhills Global, contact us at [email protected].

About Sandhills GlobalSandhills 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 IndexThe 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.

Contact Sandhillswww.sandhills.com/contact-us402-479-2181

SOURCE Sandhills Global