Stabilization Seen in Used Construction Equipment Inventory Levels Amid Market Trends

Signs of Stabilization in Used Construction Equipment Inventory

Recent reports released by Sandhills Global indicate a noticeable shift in the inventory levels of used construction equipment, farm machinery, and trucks across their platforms for the month of September. After several months of fluctuations, a stabilization in inventory levels appears to be setting in, especially for both heavy-duty and medium-duty construction equipment.

According to the latest data, the overall inventory levels in the used heavy-duty construction equipment sector experienced a decline of 1.72% month-over-month (M/M) and an 11.04% year-over-year (YOY) decrease. Notably, used dozers saw the most significant decline in inventory levels, dropping by 2.33% M/M. Furthermore, the used crawler excavators witnessed the steepest annual drop at 13.78%.

In contrast, the medium-duty construction equipment sector experienced an increase of 1.86% M/M; however, this sector still showed a significant YOY decline of 8.31%. The used mini excavator category recorded the largest M/M inventory rise of 4.7% while used loader backhoes contributed to the biggest annual decline of 19.73%.

Trends in Aerial Lifts and Forklifts

The used aerial lift market presented divergent trends with a slight 1.03% decrease in inventory levels compared to last month, yet it still reflects a modest annual increase of 0.92%. The most noticeable inventory decrease in this category was seen in used slab scissor lifts, which declined by 1.51% M/M.

Conversely, the used forklift market has been on a positive trajectory for the past eight months, recording a striking 4.95% M/M and 28.92% YOY increase in inventory levels. The pneumatic tire forklifts are setting the pace in this growth trend, marking increases of 7.42% M/M and 31.69% YOY.

Notable Inventory and Price Changes

Additionally, the inventory levels of used telehandlers persisted in an upward trend, rising 1.38% M/M and 19.65% YOY. Meanwhile, asking prices across the board witnessed slight reductions; heavy-duty equipment prices dipped by 0.45% M/M and 3.63% YOY. Auction values have similarly mirrored this downward pricing trend, decreasing by 0.82% M/M and 4.19% YOY.

The market for used tractors also exhibits notable changes. For instance, the sector for tractors ranging from 100- to 174-HP revealed a 1.01% M/M and 9.22% YOY decline in inventory levels. Declining asking prices have been a consistent trend in this category, with significant monthly decreases impacting sellers. In September, asking values decreased by 0.25% M/M and 4.89% YOY.**

Conclusion

The recent trends reported by Sandhills Global provide valuable insight into the evolving landscape of the used construction equipment market. The combination of stabilizations in specific areas, alongside steady declines in values and inventory for others, indicates a complex, shifting market that stakeholders must navigate carefully. The Sandhills Equipment Value Index serves as a crucial tool in this environment, enabling buyers and sellers to optimize their strategic decisions efficiently, ensuring they remain informed on key market movements.

For more detailed analysis or to request the full reports from Sandhills Global, interested parties can reach out directly through their contact channels. Understanding these market trends and the dynamics of inventory levels is essential for parties involved in the buying and selling of used construction equipment to operate effectively and secure favorable positions in this competitive market environment.