“The gap between asking and auction prices has widened significantly in the last few months,” says a TractorHouse observer.
ryan dolezal, “Although dealers have begun to cut prices, this spread remains higher than historical values. Dealers should keep a close eye on these trends as we expect a large influx of equipment ahead of this year’s harvest season.”
This price expansion can also occur in Sandhills’ legacy construction equipment markets such as MachineryTrader.com. “Dealers are still accumulating heavy equipment inventory,” says the North American development director. Stephanie Olberding, “This is exacerbating the decline in equipment prices.”
The old key metric in all Sandhills market stories is the Sandhills Equipment Value Index (EVI). Custodians and dealers can use Sandhills EVI’s views to monitor instrument markets and maximize returns on acquisitions, liquidations and unique trading options. Sandhills EVI knowledge comes into active use with devices and model-year devices available in the public sale and retail markets. EVI spread measures the share of asking prices over public sale prices.
Additional Market File Takeaways
Sandhills Marketplace stories essentially highlight the biggest changes in the Sandhills used heavy-duty truck, semitrailer, farm equipment and building equipment markets. The major issues of Tide Stories are listed below. Full stories available upon request.
American used tractors 100 horsepower and larger
- Stock levels in this division recorded a slight increase in June due to production cuts, but were up 40.37% compared to last year’s figure. Stock ranges are trending sideways.
- A decline in prices was observed in June. The asking price in June did not increase by 1% m/m, up 3.89% year-on-year, and is in a bad trend.
- Public sale prices continue to fall faster than asking prices, leading to a growing divorce between the two, called the EVI spread. After consecutive 30-day decline, public sale prices in June declined by 3.53% m/m and 6.09% respectively.
- EVI spreads soared 45% higher in June, exceeding the historic 39% high seen for this division in 2015.
US Worn Planters
- Following a seasonal decline, old planter stock levels peaked at 0.23% m/m in June, although are up 16.22% year-on-year and trending upward.
- Due to the decline in the coming months, the asking prices decreased by 1.65% m/m and remained almost safe year-on-year with a slight increase.
- The public sale price is up 0.97% m/m, down 19.24% year-on-year, and is in a bad trend.
- The rapid decline in public sale prices led to the widespread spread of EVI. The EVI spread for the used planter market reached 73% in June, surpassing the historic high that unexpectedly ended 2015.
US Warne Combine
- America’s Old Mix marketplace has confirmed that minutes of stock will increase in June. The range decreased by 1.59% m/m, increased by 11.1% year-to-date, and are currently trending sideways.
- Asking values remain safe M/M and are trending sideways, although an impressive rise of 11.24% has been recorded.
- Public sale prices fell 2.83% m/m in June after months of decline, but remained 1.9% above last year’s figure.
- EVI prevalence for older combines has increased dramatically over the past few months, reaching 57% in June.
Compact and important tractors worn in America
- The used compact and important tractor market witnessed a decline in stocks in June. The stock range decreased by 1.27% m/m and increased by 2.77% on a yearly basis.
- After months of decline, the asking price is down 0.94% m/m and 3.21% y-o-y.
- Public sale prices decreased by 0.56% m/m in the coming months and declined by 4.16% y-o-y.
US Warn Medium-Responsibility Development Tool
- The used skid steer division has fueled an increase in stock levels around the US used medium-duty construction equipment market. In the overall market, the stock range increased 7.56% m/m and 51.85% y-o-y, including increases in consecutive months.
- Following the decline in prices, M/M decreased by 0.74% and declined by 7.16% in June.
- Public sale prices also saw a month-on-month decline, down 2.27% m/m and 11.63% in June.
US Vern Waite-Accountability Development Tool
- Stocks continue to gain modestly in this market, although at a slower pace than medium-duty construction equipment. The stock range of used heavy-duty building equipment rose 4.15% m/m and 21.02% in June, including additional strength on prices, which remain on the downside.
- Sandhills has seen several months of decline in both asking and auction prices. The asking price in June decreased by 1.91% m/m and 5.41% y-o-y.
- The public sale price declined by 2.92% m/m and 9.56% in June.
America wore heavy liability vehicles
- The stock range of used heavy-duty vehicles decreased slightly by 1.24% in m/m in June, up 0.7% year-on-year, and is now trending sideways.
- Meanwhile, prices continue to fall after months of decline. Asking prices in June decreased by 1.66% m/m and 17.6% y-o-y.
- Public sale prices declined 4% m/m and 20.18% y-o-y.
US Warn Semitrailer
- Stock levels of used semitrailers are close to pre-COVID levels, driven primarily by growth in the parked van trailer division. Used semitrailer stock levels have dropped only 0.66% month over month, but are trending upward and are 26.81% higher in June.
- The asking price declined by 2.15% m/m and 19.55% y-o-y due to decline over the coming several months.
- Public sale prices have also experienced months of decline. Public sale prices were down 0.33% per month and 19.68% year-on-year in June.
Medium-responsibility vehicles worn in the United States
- Stock levels in this division are up 2.65% m/m in June after months of growth and are 28.21% higher than at year end.
- The emerging stock range of medium-duty vehicles continues to add strength to demand and auction values, both of which are trending downwards. Asking prices recorded a modest M/M increase in June, down 12.85% year-on-year, and are trending worse.
- Due to the decline in the following months, public sale prices in June declined by 3.02% m/m and 16.37% y-o-y.
US Wear Lifts
- The stock range of older lifts remains elevated, generation values continue to decline. The stock level in this market has increased by 5.3% M/M and 11.29% YOY in June and is moving upwards.
- Asking price declined by 3.2% m/m and 9.05% YoY.
- The public sale price fell 3.65% m/m and 14.78% yy.
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Regarding Sandhills Equipment Price Index
The Sandhills Appliance Price Index (EVI) is an important gauge of estimated market values of used goods around the building, agricultural and industrial trucking industries, represented by Sandhills International Marketplace and Auction Time. com, TractorHouse.com, MachineryTrader.com, TruckPaper.com, and alternative industry-specific equipment platforms. Powered through FleetEvaluator, Sandhills’ proprietary asset valuation tool, Sandhills EVI provides useful insight into the constantly changing supply-and-demand conditions for each industry.
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