Sandhills Global, Lincoln, Neb., reports continued upward trends in auction and asking values for used equipment and trucks even after record-breaking end-of-year auctions and strong year-end retail sales.
Examining its Sandhills Equipment Value Index (EVI) — where buyers and sellers use the information to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions — auction and asking values for sleeper trucks, crawler excavators and high-horsepower tractors are some of key trends to start 2022.
The Sandhills EVI for the farm equipment market, which includes 100-horsepower and greater tractors and combines, notched 15.5% year-over-higher auction values and 9.2% (or $15,000) year-over-year higher asking values in December.
Used high-horsepower (300 horsepower and greater) tractors are the main impetus behind the overall ag equipment value increase, with 14.3% year-over-year greater auction values (up $20,000 in December 2021 vs. December 2020) and 10.4% higher asking values (up $24,000 year-over-year).
Big tractor inventory levels have continued a month-over-month slide since July 2020, and as of December 2021 the category had fallen by 41.4% year-over-year.
Auction values for used excavators, dozers, loader backhoes, wheel loaders, and skid steers are up 19.5% year-over-year while asking values are up 12.5% (or $10,000) year-over-year, continuing a general upward trend.
Improved values in the crawler excavator category are the primary reason for this construction market upswing, with 16.1% greater auction values year-over-year and 9.6% higher asking values year-over-year.
Meanwhile, excavator inventory has decreased by 38.9% year-over-year and continues to show a month-over-month decline.