Trucks/Heavy Equipment February Reporting (Sandhills Global)

March 9, 2026

Market Report Links:

Truck/Trailer – February 2026 Reporting

Construction – February 2026 Reporting

Ag Equipment – February 2026 Reporting

Canada Construction – February 2026 Reporting

Canada Ag Equipment – February 2026 Reporting

Canada Trucking – February 2026 Reporting

U.S. Used Heavy-Duty Construction Equipment

  • Inventory levels in this market, which includes U.S. used crawler excavators, dozers, and wheel loaders, have been trending down for eight months. In February, inventory levels rose 1.37% month over month, driven by the used dozer category with a 2.46% M/M increase. Inventory fell 11.03% year over year, pushed mainly by used wheel loaders with a 13.75% YOY decrease.
  • Asking values increased 0.86% M/M in February, slipped 2.34% YOY, and are trending sideways. Used wheel loaders led the way in M/M asking price gains with a 2.2% increase, while used dozers led in YOY decreases, down 2.9%.
  • Auction values showed minimal changes in February, increasing 1.05% M/M and decreasing 0.03% YOY, maintaining an upward trend. The largest category auction value increases occurred among used dozers, up 2.03% M/M, and used wheel loaders, up 1.49% YOY.

U.S. Used Medium-Duty Construction Equipment

  • Inventory levels of used U.S. skid steers, loader backhoes, and mini excavators are trending down, with decreases of 0.75% M/M and 13.24% YOY in February. The steepest declines were seen in the used loader backhoe category, with inventory levels down 2.66% M/M and 25.66% YOY.
  • Asking values showed modest changes in February, increasing 0.48% M/M and decreasing 0.22% YOY, and are trending up. Used track skid steers delivered the largest asking value changes, increasing 0.78% M/M and decreasing 0.83% YOY.
  • Auction values increased 0.8% M/M and 0.41% YOY and are trending up. The largest increases were observed in the used track skid steer category, up 1.19% M/M, and used loader backhoes, up 1.87% YOY.

U.S. Used Aerial Lifts

  • Inventory levels in this market fell 6.76% M/M and 2.86% YOY in February and are trending down. Used slab scissor lifts had the largest M/M inventory level decrease at 11.63%, while the used articulating boom lift category posted the largest YOY increase at 10.85%.
  • Asking values increased 1.41% M/M and 0.7% YOY and are trending up. Used telescopic boom lifts had the largest M/M asking value gain at 3.05%, while the used slab scissor lift category delivered the top YOY increase at 3.29%.
  • Auction values remained flat M/M, fell 2.02% YOY, and are trending sideways. Used slab scissor lifts generated the largest M/M auction value increase at 3.46%. Used articulating boom lifts experienced the greatest YOY auction value decline with a 3.27% drop.

U.S. Used Forklifts

  • Inventory levels in this market edged down 0.12% M/M in February but increased 25.04% YOY and are trending sideways. The used cushion-tire forklift category exhibited the most substantial changes, up 4.1% M/M and 29.84% YOY.
  • Asking values increased 1.51% M/M, slipped 1.55% YOY, and are trending sideways. The used pneumatic-tire forklift category posted the largest M/M increase at 2.34%, while used cushion-tire forklifts had the steepest decline at 4.66%.
  • Auction values rose 2.63% M/M and 0.44% YOY in February and are trending up. Used cushion-tire forklifts constituted the category with the largest auction value changes, up 4.57% M/M and 1.99% YOY.

U.S. Used Telehandlers

  • Inventory levels of U.S. used telehandlers fell 2.71% M/M and 2.89% YOY in February and are trending down.
  • Asking values are trending up despite February decreases of 1.39% M/M and 0.61% YOY.
  • Auction values are also trending up, but experienced decreases in February of 2.64% M/M and 2.11% YOY.

U.S. Used Tractors 100 Horsepower and Greater

  • Inventory levels in the U.S. used high‑horsepower tractor market are trending down, a pattern that has persisted for nine months. In February, inventory rose 0.02% M/M but fell 16.84% Y/Y, with used 175-to-299-HP tractors delivering the largest M/M increase at 1.27% and used 100-to-174-HP tractors registering the largest YOY decline at 26.06%.
  • Asking values slipped 0.88% M/M and 2.21% YOY in February, continuing a sideways trend. Asking values of used tractors 300 HP and greater fell more than other categories, by 1.26% M/M and 2.63% YOY.
  • Auction values decreased 1.05% M/M but ticked up 0.8% YOY and are trending up. The used 100-to-174-HP tractor category posted the largest M/M auction value decrease at 1.43%, while the used 175-to-299-HP tractor category had the largest YOY increase at 2.84%.
  • The EVI spread, which measures the percentage difference between asking and auction values, remained unchanged since January at 32%. This is lower than the peak values observed in 2015.

 U.S. Used Combines

  • U.S. used combine inventory levels increased 1.87% M/M in February, decreased 9.95% YOY, and are trending sideways.
  • Asking values increased 1.16% M/M, slipped 1.09% YOY, and are trending up.
  • Auction values increased 0.68% M/M and 3.92% YOY and are trending up.
  • The EVI spread in this market remained unchanged at 36%, which is lower than the peak values observed in 2015.

U.S. Used Sprayers

  • Inventory levels of U.S. used sprayers fell 4.58% M/M and 15.13% YOY in February and are trending down.
  • Asking values slipped 0.38% M/M and 3.12% YOY and are trending sideways.
  • Auction values rose 0.76% M/M, fell 2.02% YOY, and are trending up.
  • The EVI spread fell two percentage points in February to 37%, which is lower than the peak values seen in 2015.

U.S. Used Planters

  • U.S. used planter inventory levels fell 6.22% M/M and 22.76% YOY in February and are trending down.
  • Asking values inched down 1.1% M/M, rose 2.07% YOY, and are trending up.
  • Auction values fell 2.44% M/M but increased 6.1% YOY, continuing an upward trend for the third month in a row.
  • The EVI spread increased two percentage points to 50%, which is lower than the peak values observed in 2015.

U.S. Used Compact and Utility Tractors

  • Inventory levels in this market fell 5.76% M/M and 25.86% YOY in February and are trending down. The used less-than-40-HP tractor category had the greatest influence on those changes, with inventory levels decreasing 6.88% M/M and 27.74% YOY.
  • Asking values increased 0.97% M/M and 1.82% YOY in February, with the largest gains occurring among used less-than-40-HP tractors, up 1.38% M/M, and used 40-to-99-HP tractors, up 2.05% YOY. Asking values in this market are currently trending up.
  • Auction values are trending up for the second consecutive month. Auction values climbed 3.23% M/M and 4.22% YOY in February. The most influential categories were used less-than-40-HP tractors, with auction values up 3.56% M/M, and used 40-to-99-HP tractors, up 5.13% YOY.

U.S. Used Heavy-Duty Trucks

  • Inventory levels in this market fell 5.15% M/M and 13.03% YOY in February and are trending down. The largest decreases occurred among used sleeper trucks, down 6.66% M/M, and used day cab trucks, down 15.22% YOY.
  • Asking values increased 1.46% M/M but slipped 0.51% YOY and are trending down. Used sleeper trucks led in monthly asking value increases with a 1.66% M/M rise, while used day cab trucks led in YOY decreases, down 3.6%.
  • Auction values increased 1.83% M/M, decreased 1.6% YOY, and are trending down. Used sleeper trucks contributed the largest M/M auction value rise of 3.08% while used day cab trucks accounted for the largest YOY decline at 5.44%.

U.S. Used Semi-Trailers

  • Inventory levels of U.S. used semi-trailers fell 7.05% M/M and 24.9% YOY in February, continuing a 7-month-long downward trend. Used reefer trailers showed the steepest monthly inventory level decline at 10.26% M/M, while used dry van trailers had the largest annual drop with a 31.83% YOY decrease.
  • Asking values increased 1.81% M/M and 1.02% YOY and are trending up. Used reefer trailers had the largest M/M asking value gain at 3.34%, while used dry van trailers experienced the largest YOY decline at 4.09%.
  • Auction values climbed 3.09% M/M in February, fell 1.3% YOY, and are trending up. Used reefer trailers contributed the largest M/M auction value increase at 8.64%, while used dry van trailers accounted for the largest YOY decline with a 14.15% drop.

U.S. Used Medium-Duty Trucks

  • Inventory levels of U.S. used medium-duty trucks have been trending down for six months in a row. This continued in February as inventory levels fell 8.22% M/M and 17.11% YOY.
  • Asking values increased 0.54% M/M, decreased 5.99% YOY, and are trending sideways.
  • Auction values increased 1.64% M/M, decreased 4.7% YOY, and are trending sideways.