Equipment Markets Trending Up at Auction According to Latest Sandhills Global Market Data
LINCOLN, Neb., Feb. 11, 2021 /PRNewswire/ -- New Sandhills Global market data reports show year-over-year auction values for equipment in the agriculture, construction, and heavy-duty trucks markets trending up this January. Traditionally, rising auction values in the Sandhills Used Price Index have been a leading indicator of increased retail asking values in the following months, so equipment sellers should keep a close eye on used equipment values in the near future to get the biggest return possible.
Chart Takeaways
Sandhills market data reports are based on the massive pool of worldwide data derived from Sandhills marketplaces, including the weekly online auction platform AuctionTime.com and livestreams of on-site auctions from the online bidding platform Equipmentfacts.com. On the retail side, industry-leading marketplaces like TruckPaper.com, MachineryTrader.com, and TractorHouse.com provide vast resources of new and used equipment sale data. Sandhills market data reports provide detailed analysis to help sellers identify assets with changing values. Trends to note include:
U.S. Used Class 8 Trucks
- Within the auction market, the Sandhills Used Price Index shows a 17.11% increase in YOY values in January.
- Sleeper cabs are up an astounding 28.81% YOY at auction, an average value ($36,000) that's up $8,000 from January 2020. Day cab auction values increased 4.12% YOY.
U.S. Used Construction Equipment
- The auction market for used construction equipment was up 7.59% YOY this January.
- Loader backhoes led the way with auction values up 7.69% YOY, while skid steer (up 6.36% YOY) and dozer (up 5.04% YOY) values were also strong to begin the new year.
U.S. Used Farm Equipment
- Auction values for used farm equipment were up 9.48% YOY in January.
- Tractors rated between 175 and 299 horsepower were a big driver of the upward auction values, rising 8.14% YOY—an average value increase of $8,000. This tractor horsepower category, notably, has seen a continual upward value trend since Q3 2020.
Obtain the Full Report
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 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 Used Price Index
The 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.
Contact Sandhills
www.sandhills.com/contact-us
402-479-2181
SOURCE Sandhills Global
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