Sandhills Global Market Data Shows that Sharply Declining Used Truck Inventory Positions Heavy-Duty Truck Market for Price Recovery

News provided by

Sep 08, 2020, 09:42 ET

LINCOLN, Neb., Sept. 8, 2020 /PRNewswire/ -- As a new Sandhills Global market data report indicates, used heavy-duty sleeper truck inventory on TruckPaper.com was down 22% in August compared to July. The used inventory numbers, which correlate with changes in key value metrics including asking price per mile and inventory sold, resulted in the largest month-to-month average price increase (up 2%) since the beginning of the COVID-19 pandemic. Used heavy-duty day cab inventory experienced a similar month-to-month inventory drop (down 20%) and average unit price increase (up 3%).

Sandhills Global Market Data Shows that Sharply Declining Used Truck Inventory Positions Heavy-Duty Truck Market for Price Recovery

Chart Takeaways
Emerging from July, the truck market was poised for recovery. The accompanying charts illustrate how quickly inventory levels have dropped in recent months for used heavy-duty sleeper trucks and day cabs. Based on these metrics, Sandhills would expect used truck pricing to continue to increase. Trends to note include:

U.S. Class 8 Used Sleeper Truck Market: After supply peaked in Q2 2020 with 38,154 listings, used sleeper truck inventory has dropped by more than 7,000 with used inventory down to 25,095.
U.S. Class 8 Used Day Cab Truck Market: Used heavy-duty day cab inventory has dropped by nearly 4,000 listings—from 19,362 listings early in Q2 2020 to 14,758 in August.

The heavy-duty truck market is just one of many industries that Sandhills continuously monitors. The used inventory on TruckPaper.com, MachineryTrader.com, TractorHouse.com, AuctionTime.com, and Sandhills' other industry-leading websites and trade publications provide an enormous share of the data that Sandhills tracks for its analysis and reporting. This data is reflected in Sandhills' Used Price Index—with easy to reference charts like you see here.

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 Sandhills Used Price Index
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 Sandhillls' 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