Trucks/Heavy Equipment July Reporting (Sandhills Global)

U.S. Used Heavy-Duty Trucks

• Inventory levels in this market decreased 8.22% M/M and 36.03% Y/Y in July and have been trending down for eight consecutive months. Used sleeper trucks had the largest inventory changes, down 11.8% M/M and 40.32% Y/Y.
• Asking values decreased 0.88% M/M and 5.14% Y/Y and are trending down. Used day cab trucks had the largest asking value changes, down 1.37% M/M and 7.04% Y/Y.
• Auction values showed modest decreases of 1.09% M/M and 1.89% Y/Y and are trending sideways. Used sleeper trucks had the largest M/M auction value change, down 1.78%, while used day cab trucks had the largest Y/Y auction value change, down 5.23%.

• Inventory levels of used semi-trailers decreased 4.75% M/M and 33.81% Y/Y in July and have been trending down for 12 consecutive months. Used refrigerated trailers had the largest inventory changes, down 18.25% M/M and 44.84% Y/Y.
• Asking values increased 0.47% M/M and 4.33% Y/Y and are trending up. Used flatbed trailers had the largest M/M asking value change, up 2.95%, while used reefer trailers had the largest Y/Y asking value change, up 7.27%.
• Auction values increased 1.45% M/M and 8.1% Y/Y and are trending up. Used dry van trailers had the largest M/M auction value change, up 4.78%, while used reefer trailers had the largest Y/Y auction value change, up 18.05%.

• Inventory levels of used medium-duty trucks decreased 5.46% M/M and 37.39% Y/Y in July and have been trending down for 11 months in a row.
• Asking values remained nearly flat M/M, with a 0.06% decrease, and fell 6.85% Y/Y. Asking values are trending down.
• Auction values decreased 1.06% M/M and 7.65% Y/Y and are trending down.

• Inventory levels in the used high-HP tractor market decreased 2.04% M/M and 16.75% Y/Y in July and are trending down, continuing a pattern that has persisted for 14 months. Used 100-to-174-HP tractors had the largest inventory changes, down 6.65% M/M and 23.76% Y/Y.
• Asking values were stable, decreasing 0.44% M/M and 0.04% Y/Y, and are maintaining a steady trend. Used 175-to-299-HP tractors had the largest asking value changes, up 1.69% M/M and 1.85% Y/Y.
• Auction values decreased 1.55% M/M but increased 2.97% Y/Y and are trending sideways. Used 100-to-174-HP tractors had the largest M/M auction value change, down 2.27%, while used 175-to-299-HP tractors had the largest Y/Y auction value change, up 3.73%.
• The EVI spread was 33%, which is a one-percentage-point increase from June but still lower than the peak values observed in 2015.

• Used combine harvester inventory levels fell 3.29% M/M and 11.79% Y/Y in July and are trending down.
• Asking values had modest decreases of 0.55% M/M and 1.69% Y/Y and are trending down.
• Auction values showed marginal changes, decreasing 0.49% M/M and increasing 0.38% Y/Y, and are trending down.
• The EVI spread was 38%, showing no change from June and remaining lower than the peak values observed in 2015.

• Inventory levels of used sprayers ticked up 2.63% M/M but dropped 19.29% Y/Y in July and have been trending down for eight consecutive months.
• Asking values decreased 1.9% M/M and 5.36% Y/Y and are trending down.
• Auction values decreased 3.97% M/M and 5.14% Y/Y and are trending down.
• The EVI spread jumped from 37% in June to 40% in July but remained lower than the peak values observed in 2015.

• Used planter inventory levels rose 9.11% M/M but dropped 15.88% Y/Y in July and are trending sideways.
• Asking values decreased 2.98% M/M but increased 4.46% Y/Y and are trending sideways.
• Auction values slipped 1.12% M/M but increased 12.45% Y/Y and are trending up.
• The EVI spread decreased from 49% in June to 47% in July and remained lower than the peak values observed in 2015.

• Inventory levels in this market decreased 1.34% M/M and 25.47% Y/Y in July and have been trending down for nine consecutive months. Used 40-to-99-HP tractors had the largest M/M inventory change, down 4.56%, while used tractors with less than 40 HP had the largest Y/Y inventory change, down 26.69%.
• Asking values increased 0.2% M/M and 1.49% Y/Y and are trending sideways. Used 40-to-99-HP tractors had the largest asking value changes, up 0.34% M/M and 1.72% Y/Y.
• Auction values increased 0.41% M/M and 2.02% Y/Y and are trending sideways. Used 40-to-99-HP tractors had the largest auction value changes, up 0.89% M/M and 2.16% Y/Y.

• Inventory levels in this market showed a slight increase of 0.6% M/M in July but decreased 5.11% Y/Y and are trending down.
• Asking values increased 2.72% M/M and 0.08% Y/Y and are trending up.
• Auction values were relatively stable, decreasing 0.16% M/M but increasing 1.36% Y/Y, and are trending sideways.

• Inventory levels in this market increased 0.4% M/M but decreased 9.21% Y/Y in July and are trending sideways. Used wheel loaders had the largest inventory changes, up 1.92% M/M and down 10.55% Y/Y.
• Asking values decreased 0.3% M/M and 3.07% Y/Y and are trending down. Used wheel loaders had the largest M/M asking value change, down 1.44%, while used crawler excavators had the largest Y/Y asking value change, down 4.63%.
• Auction values decreased 0.78% M/M and 2.44% Y/Y and are trending down. Used crawler dozers had the largest M/M auction value change, down 1.35%, while used crawler excavators had the largest Y/Y auction value change, down 3.78%.

• Inventory levels of used medium-duty construction equipment increased 1.21% M/M but decreased 13.04% Y/Y in July and are trending sideways. Used track skid steers had the largest M/M inventory change, up 2.06%, while used loader backhoes had the largest Y/Y inventory change, down 22.69%.
• Asking values increased 0.03% M/M and 0.08% Y/Y and are trending up. Used wheeled skid steers had the largest asking value changes, up 1.47% M/M and 1.37% Y/Y.
• Auction values decreased 0.08% M/M but increased 0.38% Y/Y and are trending sideways. Used wheeled skid steers had the largest auction value changes, up 0.67% M/M and 2.28% Y/Y.

• Inventory levels in this market increased 0.54% M/M but decreased 0.49% Y/Y in July and are trending sideways. Used telescopic boom lifts had the largest M/M inventory change, up 1.93%, while used articulating boom lifts had the largest Y/Y inventory change, up 10.46%.
• Asking values decreased 0.86% M/M and 2.66% Y/Y and are trending down. Used rough-terrain scissor lifts had the largest M/M asking value change, down 4.71%, while used telescopic boom lifts had the largest Y/Y asking value change, down 3.71%.
• Auction values decreased 0.6% M/M and 3.96% Y/Y and are trending down. Used rough-terrain scissor lifts had the largest auction value changes, down 3.93% M/M and 6.17% Y/Y.

• Inventory levels in this market increased 1.65% M/M and 11.16% Y/Y in July and are trending up. Used pneumatic-tire forklifts had the largest M/M inventory change, up 2.74%, while used cushion-tire forklifts had the largest Y/Y inventory change, up 12.68%.
• Asking values increased 1.57% M/M but decreased 3.36% Y/Y and are trending sideways. Used cushion-tire forklifts had the largest asking value changes, up 4.59% M/M and down 7.43% Y/Y.
• Auction values increased 2.16% M/M but decreased 2.74% Y/Y and are trending down. Used cushion-tire forklifts had the largest auction value changes, up 7.44% M/M and down 7.12% Y/Y.

• Inventory levels of U.S. used telehandlers decreased 0.22% M/M and 0.82% Y/Y in July and are trending up.
• Asking values decreased 1.09% M/M and 6.21% Y/Y and are trending down.
• Auction values slipped 2.3% M/M and 5.83% Y/Y and are trending down.