Used Construction Equipment Inventory Levels Show Signs of Stabilization

News provided by

Oct 03, 2025, 17:18 ET

LINCOLN, Neb., Oct. 3, 2025 /PRNewswire/ -- According to the newest Sandhills Global market reports for used construction equipment, farm machinery, trucks, and trailers on Sandhills platforms in September, inventory levels are leveling out for both heavy-duty and medium-duty construction equipment. An upward trend in inventory levels also continued for used aerial lifts, forklifts, and telehandlers.

Used heavy-duty construction equipment values are still trending down at a steady rate, and used medium-duty equipment values have begun leveling out, posting modest monthly changes in September.

Inventory levels in this market decreased by 1.72% M/M and 11.04% YOY and are trending downward. The used dozer category had the largest M/M inventory level decrease in September, down 2.33%, while used crawler excavators had the largest YOY decline, down 13.78%.

Inventory levels in this market increased 1.86% M/M in September but decreased 8.31% YOY and are trending down. The used mini excavator category exhibited the largest M/M inventory increase at 4.7%, while used loader backhoes led other categories in YOY inventory decreases with a 19.73% drop.

Inventory levels of used aerial lifts are trending upward despite a 1.03% M/M decrease in September. Inventory levels showed a modest 0.92% YOY increase. Used slab scissor lifts had the largest M/M inventory level decrease at 1.51%, while used rough terrain scissor lifts increased the most YOY at 18.73%.

Used forklift inventory levels have been trending up for eight consecutive months. Inventory levels rose sharply in September, up 4.95% M/M and 28.92% YOY. Used pneumatic-tire forklifts constitute the leading growth category, with inventory gains of 7.42% M/M and 31.69% YOY.

• Inventory levels of used telehandlers rose 1.38% M/M and 19.65% YOY, continuing a 31-month-long upward trend.
• Asking prices were down 0.45% M/M and 3.63% YOY and are trending sideways.
• Auction values decreased by 0.82% M/M and 4.19% YOY and are trending down. — • Inventory levels of used telehandlers rose 1.38% M/M and 19.65% YOY, continuing a 31-month-long upward trend. • Asking prices were down 0.45% M/M and 3.63% YOY and are trending sideways. • Auction values decreased by 0.82% M/M and 4.19% YOY and are trending down.

Inventory levels in this market decreased by 1.01% M/M and 9.22% YOY in September, adding to several consecutive months of a downward trend. Used 100- to 174-HP tractors constituted the category with the most impact, with inventory levels down 1.88% M/M and 17.98% YOY.

• Used combine harvester inventory levels fell 2.21% M/M and 12.74% YOY in September.
• Asking prices were up 2.26% M/M but down 2.02% YOY and are trending down.
• Auction values ticked up 1.53% M/M and 5.86% YOY and are trending sideways.
• At 43%, the EVI spread for used combines remained unchanged from August to September. — • Used combine harvester inventory levels fell 2.21% M/M and 12.74% YOY in September. • Asking prices were up 2.26% M/M but down 2.02% YOY and are trending down. • Auction values ticked up 1.53% M/M and 5.86% YOY and are trending sideways. • At 43%, the EVI spread for used combines remained unchanged from August to September.

• Used sprayer inventory levels are trending sideways, with a 2.49% M/M increase and a 12.57% YOY decrease in September.
• Asking values were up slightly M/M, by 0.08%, and down 6.37% YOY in September. Asking values are trending down for the sixth month in a row.
• Auction values are also trending down, with decreases of 1.37% M/M and 0.37% YOY in September.
• The EVI spread in September was 43%, up two points from August. — • Used sprayer inventory levels are trending sideways, with a 2.49% M/M increase and a 12.57% YOY decrease in September. • Asking values were up slightly M/M, by 0.08%, and down 6.37% YOY in September. Asking values are trending down for the sixth month in a row. • Auction values are also trending down, with decreases of 1.37% M/M and 0.37% YOY in September. • The EVI spread in September was 43%, up two points from August.

•Used planter inventory levels were up 2.5% M/M in September but dropped 20.39% YOY. Inventory levels are trending sideways.
• Asking values inched up 0.68% M/M and 1.19% YOY and are trending upward.
• Auction values increased by 2.87% M/M and 10.95% YOY and are trending upward.
• The EVI spread for used planters fell three points to 49% in September, which is still lower than the peak values seen in 2015. — •Used planter inventory levels were up 2.5% M/M in September but dropped 20.39% YOY. Inventory levels are trending sideways. • Asking values inched up 0.68% M/M and 1.19% YOY and are trending upward. • Auction values increased by 2.87% M/M and 10.95% YOY and are trending upward. • The EVI spread for used planters fell three points to 49% in September, which is still lower than the peak values seen in 2015.

Inventory levels in this market have been trending downward for 11 consecutive months. Inventory levels were up 3.71% M/M and down 22.19% YOY in September. The used less-than-40-HP tractor category showed the largest M/M inventory increase at 4.27% and the largest YOY inventory decrease at 24.51%.

Inventory levels in this market dropped 6.1% M/M and 16.95% YOY in September, shifting to a downward trend from a 5-month-long steady trend that continued through August. The used day cab category had the largest M/M inventory level decrease at 10.02%, while used sleepers led in YOY inventory level decreases at 18.26%.

Inventory levels in this market fell 4.05% M/M and 16.34% YOY in September and are trending down for the seventh month in a row. Used reefer trailers led other categories in M/M inventory level decreases with a 7.32% drop. Used dry van trailers led other categories in YOY declines at 26.26%.

• Inventory levels of used medium-duty trucks are trending downward, with a 7.95% M/M decrease and a modest 0.53% YOY increase in September.
• Asking prices decreased by 0.21% M/M and 4.39% YOY. Asking values have been trending down for 13 consecutive months.
• Auction values decreased by 0.66% M/M and 6.6% YOY in September and are trending downward. — • Inventory levels of used medium-duty trucks are trending downward, with a 7.95% M/M decrease and a modest 0.53% YOY increase in September. • Asking prices decreased by 0.21% M/M and 4.39% YOY. Asking values have been trending down for 13 consecutive months. • Auction values decreased by 0.66% M/M and 6.6% YOY in September and are trending downward.

Among used farm equipment categories, inventory levels of tractors, combines, and compact and utility tractors are trending down, while sprayer and planter inventory levels are trending sideways. Asking and auction values were up in September for used planters, with mixed results in other categories. For example, used combine harvester values rose month over month, with asking prices trending down and auction values trending sideways.

Decreases in inventory levels, asking prices, and values continued in September for used heavy-duty trucks, medium-duty trucks, and semi-trailers. The sharpest inventory level decreases occurred in the used day cab category (M/M) and the used sleeper truck category (year over year).

The key metric in all of Sandhills' market reports is the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the information in the Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions. The Sandhills EVI data include equipment available in auction and retail markets and model-year equipment actively in use. EVI spread measures the percentage difference between asking and auction values.

Market Report Details
Sandhills market reports highlight the most significant changes in Sandhills' used heavy-duty truck, semi-trailer, farm machinery, and construction equipment markets. Key points from the current reports are listed below. Full reports are available upon request.

U.S. Used Heavy-Duty Construction Equipment

Inventory levels in this market decreased by 1.72% M/M and 11.04% YOY and are trending downward. The used dozer category had the largest M/M inventory level decrease in September, down 2.33%, while used crawler excavators had the largest YOY decline, down 13.78%.
Asking values decreased by 1.22% M/M and 2.75% YOY in September and are trending downward. Used crawler excavators led in monthly declines, with asking prices down 2.87% M/M. Used wheel loaders posted the largest YOY asking price decrease at 5.63%.
Auction values dipped 0.48% M/M and rose 1.21% YOY in September and are trending downward. Used wheel loaders led other categories in monthly auction value decreases, down 2.51%, while used dozers showed a noteworthy YOY increase at 3.02%.

U.S. Used Medium-Duty Construction Equipment

Inventory levels in this market increased 1.86% M/M in September but decreased 8.31% YOY and are trending down. The used mini excavator category exhibited the largest M/M inventory increase at 4.7%, while used loader backhoes led other categories in YOY inventory decreases with a 19.73% drop.
Asking values decreased by 1.06% M/M and 0.91% YOY and are trending sideways. Used loader backhoe asking prices decreased by 1.69% M/M, more than other categories, while used track skid steers led in YOY asking value decreases at 3.56%.
Auction values in this market are also trending sideways. Auction values were down 1.78% M/M but up 1.52% YOY in September. The used loader backhoe category had the largest M/M auction value decrease at 3.06% and the largest YOY auction value increase at 1.99%.

U.S. Aerial Lifts

Inventory levels of used aerial lifts are trending upward despite a 1.03% M/M decrease in September. Inventory levels showed a modest 0.92% YOY increase. Used slab scissor lifts had the largest M/M inventory level decrease at 1.51%, while used rough terrain scissor lifts increased the most YOY at 18.73%.
Asking values continued a 7-month-long downward trend with decreases of 1.66% M/M and 8.73% YOY in September. Used telescopic boom lift asking prices decreased the most, with a 3.78% drop. Used slab scissor lifts showed the largest YOY asking price decrease, falling 12.75%.
Auction values are also trending downward. Auction values dropped 5.18% M/M and 11.06% YOY in September. Used telescopic boom lifts had the largest auction value decreases, down 9.57% M/M and 17.24% YOY.

U.S. Forklifts

Used forklift inventory levels have been trending up for eight consecutive months. Inventory levels rose sharply in September, up 4.95% M/M and 28.92% YOY. Used pneumatic-tire forklifts constitute the leading growth category, with inventory gains of 7.42% M/M and 31.69% YOY.
Asking values were down slightly in September, by 0.38% M/M and 0.26% YOY, and are trending down. Used pneumatic-tire forklifts were the standout category for asking price changes as well, posting decreases of 0.68% M/M and 1.06% YOY.
Auction values decreased by 2.87% M/M and 4.79% YOY in September, continuing an 8-month-long downward trend. Once again, used pneumatic-tire forklifts led other categories in changes with decreases of 6.12% M/M and 8.89% YOY.

U.S. Telehandlers

Inventory levels of used telehandlers rose 1.38% M/M and 19.65% YOY, continuing a 31-month-long upward trend.
Asking prices were down 0.45% M/M and 3.63% YOY and are trending sideways.
Auction values decreased by 0.82% M/M and 4.19% YOY and are trending down.

U.S. Used Tractors 100 Horsepower and Greater

Inventory levels in this market decreased by 1.01% M/M and 9.22% YOY in September, adding to several consecutive months of a downward trend. Used 100- to 174-HP tractors constituted the category with the most impact, with inventory levels down 1.88% M/M and 17.98% YOY.
Asking values continued an 8-month-long downward trend in September with decreases of 0.25% M/M and 4.89% YOY. The used 175 HP to 299 HP tractor category showed the greatest M/M asking value decrease at 0.75%, while the used 300 HP and greater tractor category saw the largest YOY decrease at 4.77%.
Auction values are also trending downward, with decreases of 0.48% M/M and 1.62% YOY in September. The used 100 HP to 174 HP tractor category had the largest M/M auction value decrease at 1.02%. The used 175 HP to 299 HP tractor category decreased the most YOY at 1.91%.
The EVI spread, which measures the percentage difference between asking and auction values, inched up to 40%, close to peak values observed in 2015.

U.S. Used Combines

Used combine harvester inventory levels fell 2.21% M/M and 12.74% YOY in September.
Asking prices were up 2.26% M/M but down 2.02% YOY and are trending down.
Auction values ticked up 1.53% M/M and 5.86% YOY and are trending sideways.
At 43%, the EVI spread for used combines remained unchanged from August to September.

U.S. Used Sprayers

Used sprayer inventory levels are trending sideways, with a 2.49% M/M increase and a 12.57% YOY decrease in September.
Asking values were up slightly M/M, by 0.08%, and down 6.37% YOY in September. Asking values are trending down for the sixth month in a row.
Auction values are also trending down, with decreases of 1.37% M/M and 0.37% YOY in September.
The EVI spread in September was 43%, up two points from August.

U.S. Used Planters

Used planter inventory levels were up 2.5% M/M in September but dropped 20.39% YOY. Inventory levels are trending sideways.
Asking values inched up 0.68% M/M and 1.19% YOY and are trending upward.
Auction values increased by 2.87% M/M and 10.95% YOY and are trending upward.
The EVI spread for used planters fell three points to 49% in September, which is still lower than the peak values seen in 2015.

U.S. Used Compact and Utility Tractors

Inventory levels in this market have been trending downward for 11 consecutive months. Inventory levels were up 3.71% M/M and down 22.19% YOY in September. The used less-than-40-HP tractor category showed the largest M/M inventory increase at 4.27% and the largest YOY inventory decrease at 24.51%.
Asking values decreased by 0.52% M/M, increased by 0.93% YOY, and are trending sideways. The used 40 HP to 99 HP tractor category exhibited the largest asking price decreases, down 0.89% M/M and 1.12% YOY.
Auction values decreased by 1.37% M/M and increased by 1.35% YOY in September, maintaining an upward trend. However, the used 40 HP to 99 HP tractor had the largest auction value changes, down 1.75% M/M and 1.07% YOY, indicating that not all categories followed the overall upward trend in auction values.

U.S. Heavy-Duty Trucks

Inventory levels in this market dropped 6.1% M/M and 16.95% YOY in September, shifting to a downward trend from a 5-month-long steady trend that continued through August. The used day cab category had the largest M/M inventory level decrease at 10.02%, while used sleepers led in YOY inventory level decreases at 18.26%.
The used heavy-duty truck market posted marginal asking price decreases in September, down 0.17% M/M and 0.54% YOY, and is trending sideways. The largest decreases occurred in the day cab category at 0.36% M/M and 7.48% YOY.
Auction values exhibited a similar pattern, with decreases of 1.05% M/M and 0.9% YOY in September and a sideways trend. Used sleeper trucks had the largest M/M auction value decrease at 1.28%, while the used day cab category led in YOY decreases at 8.43%.

U.S. Used Semi-Trailers

Inventory levels in this market fell 4.05% M/M and 16.34% YOY in September and are trending down for the seventh month in a row. Used reefer trailers led other categories in M/M inventory level decreases with a 7.32% drop. Used dry van trailers led other categories in YOY declines at 26.26%.
Asking values decreased by 1.01% M/M and 1.59% YOY in September and are trending downward. The categories leading these changes were used reefer trailers, with asking prices down 2.58% M/M, and used drop deck trailers, down 3.89% YOY.
Auction values were down 1.11% M/M and 1.43% YOY in September and are trending downward. Used dry van trailers led other categories in M/M auction value decreases at 5.73% and YOY decreases at 8.6%.

U.S. Used Medium-Duty Trucks

Inventory levels of used medium-duty trucks are trending downward, with a 7.95% M/M decrease and a modest 0.53% YOY increase in September.
Asking prices decreased by 0.21% M/M and 4.39% YOY. Asking values have been trending down for 13 consecutive months.
Auction values decreased by 0.66% M/M and 6.6% YOY in September and are trending downward.

Obtain the Full Reports
For more information or to receive detailed analysis from Sandhills Global, contact us at [email protected].

About Sandhills Global
Sandhills Global is an information processing company headquartered in Lincoln, Nebraska. Our products and services gather, process, and distribute information through 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 the Sandhills Equipment Value Index
The Sandhills Equipment Value Index (EVI) 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 Sandhills Global marketplaces, including AuctionTime.com, TractorHouse.com, MachineryTrader.com, TruckPaper.com, and other industry-specific equipment platforms. Powered by Value Insight Portal (VIP), Sandhills' proprietary asset valuation tool, Sandhills EVI provides useful insights into the ever-changing supply-and-demand conditions for each industry.

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

SOURCE Sandhills Global