New Sandhills Global Market Report Shows Gap Widening Between Heavy-Duty Truck Asking and Auction Values
LINCOLN, Neb., June 14, 2022 /PRNewswire/ -- A new Sandhills Global market report finds that as used heavy-duty truck and semi-trailer inventory levels have increased among Sandhills marketplaces, a widening spread has occurred between asking and auction values. In May, for example, there was a 47% spread between asking and auction values for used heavy-duty sleeper trucks, compared to a 35% spread identified in April. A similar increase in spread occurred in the first quarter of 2019 when the heavy-duty truck market experienced a similar influx of inventory, which negatively impacted auction values and preceded a drop in asking values.
The key metric used 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, as well as model year equipment actively in use. Regional EVI data is available for the United States (and key geographic regions within) and Canada, allowing Sandhills to reflect machine values by location.
The percentage gap between asking and auction values is quantified in Sandhills market reports as EVI spread. During periods of accelerated EVI spread such as that which occurred in early 2019 and is occurring again now, assessing buying and selling strategies is crucial in order to mitigate risk.
U.S. Used Heavy-Duty Sleeper Trucks EVI and Inventory
U.S. Used Heavy-Duty Trucks and Semi-Trailers EVI Spread by Category
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SOURCE Sandhills Global