Stabilizing inventory levels of late-model used heavy-duty trucks have moderated the general upward trend in asking values, according to a new Sandhills Global Market Report. Average asking prices for Class 8 trucks age 0 to 5 years are showing their smallest month-over-month increase this year to date. Historically, as inventory finds its equilibrium, auction and asking value changes begin to slow.
The key metric used in this reporting is the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the information in Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions.
The Sandhills Market Report highlight the most significant changes in the used heavy-duty truck market. The report includes detailed analysis and charts that help readers visualize the data. The latest report indicates that interrelated marketing fundamentals such as supply and demand still hold sway across multiple industries.
U.S. Used Heavy-Duty Trucks
- Within the heavy-duty truck market, late-model sleeper trucks and day cabs have averaged a 3% month-over-month increase in asking values throughout 2021.
- The July EVI for heavy trucks aged 0 to 5 years evidenced a 0.5% M/M increase compared to June, which was the smallest gain of the year to date. The asking EVI for July for heavy-duty trucks showed $84,753 compared to $84,261 in June.
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Sandhills Global is an information processing company headquartered in Lincoln, Nebraska. Its 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.
