LINCOLN, Neb., Aug. 10, 2020 /PRNewswire/ -- As a recent market data report from Sandhills Global illustrates, the fair market value of used equipment can drastically change from month to month. For example, used earth-moving equipment values took a precipitous year-over-year dip from April-June 2019 to April-June 2020, but by July 2020, earth-moving equipment values had returned to nearly what Sandhills observed during July 2019. The heavy-duty truck market (including both sleepers and days cabs) also showed recovery this July, correlating strongly to a large decrease in used inventory.
Chart Takeaways The accompanying truck industry charts illustrate emerging market trends for used heavy-duty sleepers and day cabs. (Note that the "Class 8: US Used Market" chart covers only sleeper trucks on TruckPaper.com, with both inventory levels and used values.) Trends to note include:
Decreasing inventory in used heavy-duty sleepers and day cabs has helped to increase average used values, highlighted by a recent increase to an average value of $42,791.
Despite a YOY average value change of -12.78%, July's YOY percentage change was a marked improvement over the YOY heavy-duty truck marks for June (-15.72%) and May (-16.38%).
The heavy-duty truck market is just one of many industries that Sandhills continuously monitors, and the used inventory on MachineryTrader.com, TruckPaper.com, TractorHouse.com, AuctionTime.com, and Sandhills' other industry-leading websites and trade publications provide an enormous share of the data that Sandhills tracks for its analysis and reporting. This data is reflected in Sandhills' Used Price Index—with easy to reference charts like you see here.
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About Sandhills Global Sandhills Global is an information processing company headquartered in Lincoln, Nebraska. Our products and services gather, process, and distribute information in the form of trade publications, websites, and online services that connect buyers and sellers across the construction, agriculture, forestry, oil and gas, heavy equipment, commercial trucking, and aviation industries. Our integrated, industry-specific approach to hosted technologies and services offers solutions that help businesses large and small operate efficiently and grow securely, cost-effectively, and successfully. Sandhills Global—we are the cloud.
About Sandhills Used Price Index Sandhills Used Price Index is a principal gauge of the estimated market values of used assets—both currently and over time—across the construction, agricultural, and commercial trucking industries represented by Sandhillls' marketplaces. Powered by FleetEvaluator, Sandhills' proprietary asset valuation tool, the Used Price Index provides useful insights into the ever-changing supply-and-demand conditions for each industry.