Sandhills Reporting Unprecedented Auction-Asking Value Spread in Used Farm Equipment Market

Aug 06, 2024, 16:51 ET

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LINCOLN, Neb., Aug. 6, 2024 /PRNewswire/ -- The latest Sandhills Global market reports underscore the extent to which auction value decreases are outpacing asking value decreases in Sandhills' agricultural equipment marketplaces. This disparity is leading to an ever-widening and unprecedented spread between auction and asking values.

"Current market conditions are similar to those we experienced in 2015," says TractorHouse Manager Ryan Dolezal. "We're now beginning to see major declines in farm equipment prices as more inventory floods the market."

According to the new Sandhills market reports, used equipment inventory levels continue trending up across all of Sandhills' marketplaces, which include construction equipment, trucks, and trailers. This inventory trend is putting added pressure on asking and auction values, which are maintaining lower levels than in 2023.

The key metric used 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 of asking values over auction values.

Additional Market Report TakeawaysSandhills 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. Used Tractors 100 Horsepower and Greater

U.S. Used Combines

U.S. Used 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

U.S. Used Heavy-Duty Trucks

U.S. Used Semitrailers

U.S. Used Medium-Duty Trucks

Obtain the Full ReportsFor more information or to receive detailed analysis from Sandhills Global, contact us at [email protected].

About Sandhills GlobalSandhills 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 IndexThe 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 Sandhillswww.sandhills.com/contact-us402-479-2181

SOURCE Sandhills Global