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Global Data Shows Lower Inventory Driving Up Machinery Value
North Dakota Ag Connection - 01/21/2021

New Sandhills Global market data reports show that inventory declines across the used agriculture equipment, construction machinery, and commercial truck markets have strongly contributed to substantial year-over-year value increases for machines the 10- to 15-year age group.

Broken down by industry and major equipment type, Sandhills' market reports present aggregates of actual used equipment sales data along with detailed analysis and charts to help readers visualize the data. The newest reports highlight the ways in which certain segments of these markets--including day cab trucks, dozers, and tractors rated at 175-plus horsepower, all in the 10- to 15-year age group--changed from December 2019 to December 2020.

Sandhills market data reports are based on the massive pool of worldwide data derived from Sandhills marketplaces, including TruckPaper.com, MachineryTrader.com, TractorHouse.com, and AuctionTime.com. Buyers and sellers can use the information to track the pulse of the market and get the highest return for specific assets with changing values. Trends to note include:

U.S. Used Class 8 Day Cab Trucks

- The used day cab market continues an overall decline in inventory, leading to an overall increase in used day cab truck prices.

- In the 10- to 15-year age group, the continual decline in used day cab trucks led to a 16% increase in YOY value in December.

U.S. Used Dozers

- Similar to the used day cab truck market, dozer inventory levels continue to decline, having dropped 12% YOY.

- The 10- to 15-year age group, in particular, underwent a steady inventory decline for the past several months. As a result, used dozer values in this age group increased throughout the last half of 2020, highlighted by an 18% YOY jump in December.

U.S. Used Tractors 175+ Horsepower

- Exhibiting trends that align with Class 8 day cab trucks and dozers in the 10- to 15-year age group, tractors rated at 175-plus horsepower in the same age group increased in value 9% YOY, with an average price of $105,000 in December 2020.


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