New Sandhills Global Market Report Shows Gap Widening Between Heavy-Duty Truck Asking and Auction Values

Lyle Ellerbee

LINCOLN, Neb., June 14, 2022 /PRNewswire/ — A new Sandhills International industry report finds that as utilised heavy-obligation truck and semi-trailer inventory amounts have elevated among the Sandhills marketplaces, a widening unfold has happened among asking and auction values. In May, for example, there was a 47% spread involving inquiring and auction values for utilised significant-obligation sleeper trucks, as opposed to a 35% distribute recognized in April. A identical enhance in distribute transpired in the very first quarter of 2019 when the major-responsibility truck sector expert a related influx of stock, which negatively impacted auction values and preceded a fall in inquiring values.

Different equipment categories in the used truck and trailer market (including heavy-duty day cab trucks, heavy-duty sleeper trucks, dry-van semi-trailers, and reefer semi-trailers) often trend in similar EVI spread directions over time.
Used sleeper trucks tend to produce a historically tighter EVI spread than day cab trucks.
In May, asking values for used heavy-duty day cab trucks were 53% higher than auction values; the EVI spread for sleeper trucks was 47%.

The critical metric employed in all of Sandhills’ industry experiences is the Sandhills Tools Benefit Index (EVI). Potential buyers and sellers can use the data in the Sandhills EVI to keep an eye on equipment marketplaces and improve returns on acquisition, liquidation, and related company conclusions. The Sandhills EVI details incorporate equipment readily available in auction and retail markets, as effectively as design calendar year devices actively in use. Regional EVI details is accessible for the United States (and key geographic regions within just) and Canada, making it possible for Sandhills to replicate device values by site.

The percentage gap between asking and auction values is quantified in Sandhills market place stories as EVI unfold. For the duration of intervals of accelerated EVI spread these as that which occurred in early 2019 and is occurring again now, examining buying and selling procedures is crucial in buy to mitigate hazard.

Chart Takeaways
Sandhills Industry Reports emphasize the most significant modifications in Sandhills’ utilised large-duty truck, building tools, and farm equipment marketplaces. Each individual report contains comprehensive assessment and charts that assistance viewers visualize the details. The hottest report examines the consequences of fast expanding EVI distribute, such as which model yrs and products kinds are probably to expertise the most important value variations.

U.S. Utilised Heavy-Obligation Sleeper Trucks EVI and Stock

  • Widening EVI distribute typically takes place when stock raises or need decreases. Utilized hefty-duty sleeper truck stock amplified for the 3rd consecutive thirty day period in May possibly.
  • Traditionally, auction values react faster to stock changes than inquiring values do. The Sandhills EVI exhibits that while auction values for weighty-obligation sleeper vehicles have previously begun to fall, asking values have maintained their upward trend.
  • The swiftly widening EVI spread implies a downturn in inquiring values is probably to observe.

U.S. Utilised Weighty-Obligation Sleeper Trucks EVI Unfold by Design Yr and Company

  • The EVI distribute generally ranges from 10% to 150% factors like age and manufacturer enjoy a essential part in influencing the gap concerning inquiring and auction values.
  • In May, the EVI spread for hefty-responsibility sleeper vehicles produced in 2020 was 23%, when the EVI distribute for major-duty sleeper vans designed in 2014, 2013, 2012, or 2011 differs concerning 68% and 78%.
  • The EVI distribute for applied hefty-obligation sleeper vehicles also fluctuate broadly by manufacturer, as displayed in the chart.

U.S. Used Hefty-Obligation Vehicles and Semi-Trailers EVI Spread by Category

  • Unique gear types in the used truck and trailer marketplace (which include weighty-responsibility day taxi vans, large-duty sleeper vehicles, dry-van semi-trailers, and reefer semi-trailers) usually development in related EVI unfold instructions above time.
  • Applied sleeper trucks tend to make a traditionally tighter EVI distribute than day taxi vehicles.
  • In Might, asking values for utilised hefty-duty working day cab trucks were being 53% greater than auction values the EVI distribute for sleeper vans was 47%.

Receive the Full Report
For extra data, or to acquire specific evaluation from Sandhills World-wide, get in touch with us at [email protected].

About Sandhills World wide
Sandhills Worldwide is an details processing organization headquartered in Lincoln, Nebraska. Our products and companies obtain, approach, and distribute data in the kind of trade publications, internet sites, and on the web companies that hook up consumers and sellers throughout the building, agriculture, forestry, oil and gas, major products, business trucking, and aviation industries. Our integrated, business-precise approach to hosted systems and solutions delivers solutions that assistance firms huge and smaller function successfully and develop securely, expense-proficiently, and successfully. Sandhills Global—we are the cloud.

About the Sandhills Equipment Value Index
The Sandhills Products Worth Index (EVI) is a principal gauge of the estimated current market values of utilised assets—both presently and around time—across the building, agricultural, and business trucking industries represented by Sandhills World marketplaces, like AuctionTime.com, TractorHouse.com, MachineryTrader.com, TruckPaper.com, and other field-distinct products platforms. Driven by FleetEvaluator, Sandhills’ proprietary asset valuation software, Sandhills EVI presents helpful insights into the at any time-changing offer-and-demand from customers situations for every single marketplace.

Contact Sandhills
www.sandhills.com/speak to-us
402-479-2181

The EVI spread often ranges from 10% to 150%; factors like age and brand play a key role in influencing the gap between asking and auction values.
In May, the EVI spread for heavy-duty sleeper trucks produced in 2020 was 23%, while the EVI spread for heavy-duty sleeper trucks made in 2014, 2013, 2012, or 2011 varies between 68% and 78%.

Widening EVI spread typically occurs when inventory increases or demand decreases. Used heavy-duty sleeper truck inventory increased for the third consecutive month in May.
Historically, auction values react quicker to inventory changes than asking values do. The Sandhills EVI shows that while auction values for heavy-duty sleeper trucks have already begun to drop, asking values have maintained their upward trend.

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