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Inventory Levels Flatten in Heavy-Duty Truck and Farm Equipment Markets

LINCOLN, Neb., March 11, 2022 /PRNewswire/ — The latest Sandhills Global Industry Report spotlights flattening stock degrees in Sandhills marketplaces, significantly in the significant-responsibility truck and farm tools marketplaces. Significant-duty truck inventories, for example, have been flat for four consecutive months, although agricultural gear inventories have been leveling off because Q4 2021. Both of those segments had beforehand professional continuous stock declines because Q2 2020.

The key metric made use of in all of Sandhills’ sector reports is the Sandhills Machines Benefit Index (EVI). Buyers and sellers can use the information and facts in the Sandhills EVI to check products marketplaces and maximize returns on acquisition, liquidation, and connected enterprise conclusions. For 2022, Sandhills has improved its EVI with new metrics. The information now consists of model calendar year machines actively in use, which grows the made use of equipment population outside of that available in auction and retail marketplaces. New EVI facts, by now readily available for the United States, is also now readily available for Canada to far better replicate machine values by location. The increased edition of Sandhills EVI calls for Sandhills to restate the values beginning in January 2022, so prior quantities will not be comparable to the new, far more insightful values.

Unlike the heavy-duty truck and farm equipment markets, inventory levels in heavy-duty construction equipment continue to drop. In February, inventory levels were down 46.1% YOY. January construction equipment inventory levels, by comparison, were down 42.5% YOY.

From January to February, farm equipment inventory levels were flat, posting decreases of 37.4% YOY and 37.2% YOY, respectively.

Chart Takeaways
Sandhills Sector Reviews emphasize the most significant alterations in Sandhills’ made use of heavy-duty truck, design devices, and farm machinery marketplaces. Each individual report involves in depth assessment and charts that assistance visitors visualize the details. This report shows how recent flattening inventory amounts evaluate to extensive-expression traits, and illustrates year-around-12 months changes in inquiring and auction values for the design equipment, farm tools, and heavy-obligation truck marketplaces.

U.S. Applied Weighty-Obligation Vehicles

  • Hefty-duty truck inventory was down 52.7% YOY in February, which was a 5.8-percentage-position enhancement compared January stock concentrations.
  • The Sandhills EVI exhibits major-duty trucks values ongoing an upward development in February, posting a 58.5% YOY auction benefit boost and 50.1% YOY inquiring value boost.

U.S. Utilized Major-Responsibility Development Devices

  • As opposed to the hefty-obligation truck and farm products markets, inventory amounts in significant-responsibility building equipment keep on to fall. In February, inventory stages ended up down 46.1% YOY. January building products inventory amounts, by comparison, have been down 42.5% YOY.
  • As stock levels drop, employed building tools auction values (up 10.9% YOY) and asking values (up 6% YOY) go on to trend upwards.

U.S. Used Farm Gear

  • From January to February, farm gear stock amounts were being flat, posting decreases of 37.4% YOY and 37.2% YOY, respectively.
  • Farm gear values continued to pattern upward in February. The Sandhills EVI displays farm machines auction values elevated 9.7% YOY while asking values ended up up 5.5% YOY.

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About Sandhills International
Sandhills World-wide is an information processing company headquartered in Lincoln, Nebraska. Our solutions and expert services collect, process, and distribute facts in the sort of trade publications, web-sites, and on line products and services that join consumers and sellers throughout the construction, agriculture, forestry, oil and fuel, significant devices, industrial trucking, and aviation industries. Our integrated, business-particular solution to hosted systems and services gives options that help companies significant and compact function competently and develop securely, expense-efficiently, and productively. Sandhills Global—we are the cloud.

About the Sandhills Gear Value Index
The Sandhills Equipment Worth Index (EVI) is a principal gauge of the estimated sector values of utilised assets—both at the moment and around time—across the design, agricultural, and commercial trucking industries represented by Sandhills International marketplaces, which include AuctionTime.com, TractorHouse.com, MachineryTrader.com, TruckPaper.com, and other field-particular equipment platforms. Run by FleetEvaluator, Sandhills’ proprietary asset valuation tool, Sandhills EVI presents practical insights into the ever-changing supply-and-desire disorders for each individual market.

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