Leading Indicators in Heavy-Duty Truck Market Signal Weakening Asking Values

2022-05-14 20:34:40 By : Ms. Lisa F

888-776-0942 from 8 AM - 10 PM ET

LINCOLN, Neb. , May 11, 2022 /PRNewswire/ -- Noteworthy shifts in equipment market trends indicate it's a good time for dealers, fleet owners, operators, and rental companies to assess the values at risk with their machines. Such a shift is currently occurring in the heavy-duty truck market as outlined in the latest Sandhills Global Market Reports. Since the beginning of 2022, heavy-duty truck auction values have displayed a 7-percentage-point decrease while inventory levels have increased 28 percentage points. These trends are significant because decreasing auction values and increasing inventory levels have historically been leading indicators of downward 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.

Sandhills Market Reports highlight the most significant changes in Sandhills' used heavy-duty truck, construction equipment, and farm machinery markets. Each report includes detailed analysis and charts that help readers visualize the data. In this month's report, you'll see the changing value and inventory trends with a historic perspective of how asking values for heavy-duty trucks have decreased after leading indicator swings similar to current market trends.

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

Sandhills Global is an information processing company headquartered in Lincoln, Nebraska . Our products and services gather, process, and distribute information in the form of 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.

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 FleetEvaluator, 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

More news releases in similar topics

Cision Distribution 888-776-0942 from 8 AM - 9 PM ET