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Used tractor inventory levels rise again in Sandhills Global marketplaces

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Used tractor inventory levels rise again in Sandhills Global marketplaces
Used tractor inventory levels in the latest Sandhills Global marketplaces report rose again in February, continuing a long-term inventory rebound that began in Q2 2022 as various pandemic-related farm equipment production and supply chain constraints began to ease.

LINCOLN, Neb. — Used tractor inventory levels in Sandhills Global marketplaces rose again in February, continuing a long-term inventory rebound that began in Q2 2022 as various pandemic-related farm equipment production and supply chain constraints began to ease.

Inventory levels increased across all used tractor categories, from under-100-HP compact and utility tractors to 300-and-greater-HP tractors, when comparing February 2022 to February 2023, according to a news release.

“We typically see tractor inventory levels increase in January and February, but the year-over-year gains in recent months indicate that current inventory trends are outpacing seasonal effects,” Sales Manager Mitch Helman said. “Inventory of compact and utility tractors have increased faster than higher-horsepower farm tractors, so farm equipment sellers should monitor changing trends as buyers come in this spring.”

U.S. used heavy-duty trucks
  • The Sandhills (Equipment Value Index shows used heavy-duty truck inventory is trending up. In February, inventory levels increased 4.76% month-over-month and 38.05% year-over-year.
  • Heavy-duty truck values softened overall in February. Asking values declined for the 10th consecutive month, dropping 3.23% month-over-month, and were down 10.42% year-over-year.
  • The downward auction value trends that began in April 2022 continued in February 2023. Used heavy-duty truck auction values decreased 3.22% month-over-month and 22.65% year-over-year.
U.S. used semi-trailers
  • Inventory for used semitrailers spiked 7.08% from January to February, following a 9.53% gain from December to January. Used semitrailer inventory increased 58.17% year-over-year.
  • Inventory increases, and resulting lower asking and auction values, were driven by dry van and reefer semitrailers.
  • Semitrailer asking values decreased again in February, dropping 0.43% month-over-month and 12.73% year-over-year.
  • Used semitrailer auction values are currently trending sideways and decreased 0.42% month-over-month in February. Compared to last February, auction values were down 25.1%.

 

 

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The Trucker News Staff produces engaging content for not only TheTrucker.com, but also The Trucker Newspaper, which has been serving the trucking industry for more than 30 years. With a focus on drivers, the Trucker News Staff aims to provide relevant, objective content pertaining to the trucking segment of the transportation industry. The Trucker News Staff is based in Little Rock, Arkansas.
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