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07 Jul, 2023, 12:52 ET

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LINCOLN, Neb., July 7, 2023 /PRNewswire/ -- According to Sandhills Global's newest market reports, used heavy-duty truck, semitrailer, and construction machinery in Sandhills marketplaces are following the same trends observed in previous months. Inventory levels in these markets have increased, driving asking and auction values down. The used tractor market, however, is a notable exception to these trends.

Used combine inventory levels have remained steady for the past few months while asking and auction values continue to soften. Recent inventory gains in Q2 among high-horsepower (300 HP and greater) tractors have driven auction values downward. Despite the increasing inventory levels and decreasing auction values, however, asking values for high-HP tractors remain elevated. Buyers and sellers should monitor and assess values in the short term.

"Asking values for high-horsepower tractors were up compared to last year, but auction values are trending down," says Sales Manager Mitch Helman. "It will be well worth paying attention to changes in this market as the spread between auction and asking values grows."

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 Tractors Over 300 Horsepower

U.S. Used Combines

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