In the latest Sandhills Global market report issued May 6, analysis of used compact agricultural equipment on Sandhills’ U.S. platforms underscore market uncertainty but point to more affordable options for buyers.
Addressing the used agricultural equipment market, TractorHouse Manager Ryan Dolezal says, “Economic pressures and market volatility remain a top concern. However, while the current environment presents challenges, it also opens opportunities for buyers to obtain equipment at more favorable prices. We anticipate the market will contract and eventually stabilize to a state similar to what we observed between 2017 and 2019.”
Zeroing in on U.S. used compact and utility tractors, Sandhills Global notes the following 3 key findings:
- Inventory levels in this market have been trending downward for 6 months. In April, inventory declined by 4.09% month-over-month and 23.71% year-over-year. The used less-than-40-horsepower tractor category experienced the most significant decrease, with inventory down 4.98% month-over-month and 26.69% year-over-year.
- Asking values in this market, despite an upward trend, dipped slightly by 0.19% month-over-month and were down 1.66% year-over-year. The used 40- to 99-horsepower tractor category showed the largest year-over-year decrease at 3.77%.
- Auction values, while trending upward, decreased by 0.34% month-over-month and 0.35% year-over-year. The used less-than-40-horsepower tractor category experienced the largest year-over-year decrease at 2.54%
According to the Lincoln, Neb.-based company, the key metric in all of Sandhills’ market reports is the Sandhills Equipment Value Index (EVI), note the latest report’s authors. 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 company also reports that the 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.
For more used equipment coverage from Tractor House, see Farm Equipment’s Trade Values & Trends. [link to: https://www.farm-equipment.com/topics/2530-trade-values-trends]
