Used Day Cab Inventory Exceeds Sleeper Truck Inventory in Historic First | News | cnhinews.com

LINCOLN, Neb., Nov. 7, 2024 /PRNewswire/ -- New Sandhills Global market reports show used day cab truck inventory surpassing sleeper truck inventory for the first time while asking and auction values continue trending down. The market reports cover used trucks, trailers, construction equipment, and farm machinery in Sandhills' U.S. marketplaces. Pointing to current value trends, Truck Paper Manager Scott Lubischer explains, "Auction values have been falling quicker than asking values for heavy-duty trucks. While this is not uncommon, it's an important trend to monitor because auction values indicate where the market is heading."

In the used farm equipment market, the spread between asking and auction values remains elevated and is well above historic highs. Auction prices are falling faster than asking values, most notably within the used combine market. Looking at the high-horsepower (300 hp or greater) tractor market, TractorHouse Manager Ryan Dolezal says, "Inventory is at an unprecedented level. A possible consequence of this inventory surge will be a glut of lower-hour used tractors on the market."

In used construction equipment markets, inventory levels continued consecutive months of increases in October, with auction values falling faster than asking values. "While it's not unusual to see asking values lag behind auction values, it is a critical trend for sellers to watch," says Director of North American Construction Stephanie Olberding. "This is especially true as we head into the end of 2024, as auction prices often indicate the market's future direction."

The key metric 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 and model-year equipment actively in use. EVI spread measures the percentage difference between asking and auction values.

Additional Market Report Takeaways

Sandhills 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. Heavy-Duty Trucks

U.S. Used Semitrailers

U.S. Used Medium-Duty Trucks

U.S. Used Tractors 100 Horsepower and Greater

U.S. Used Combines

U.S. Used Self-Propelled Sprayers

U.S. Used Planters

U.S. Used Compact and Utility Tractors

U.S. Used Heavy-Duty Construction Equipment

U.S. Used Medium-Duty Construction Equipment

U.S. Used Lifts

Obtain the Full Reports

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

About Sandhills Global

Sandhills Global is an information processing company headquartered in Lincoln, Nebraska. Our products and services gather, process, and distribute information through 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.

Contact Sandhills

www.sandhills.com/contact-us

402-479-2181

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SOURCE Sandhills Global

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