Equipment Finance News
  • News
  • Event
  • Data
  • Features
  • Lender Directory
  • PodcastNew
  • WebinarsNew
    • Webinar Library
Log In
No Result
View All Result
  • Dealers
  • Lenders
  • Transportation
  • Agriculture
  • Construction
  • Materials Handling
  • Rentals
  • Compliance
  • Data Analysis
Equipment Finance News
  • News
  • Event
  • Data
  • Features
  • Lender Directory
  • PodcastNew
  • WebinarsNew
    • Webinar Library
No Result
View All Result
Equipment Finance News
No Result
View All Result

Used agriculture inventory climbs

Quinn DonoghuebyQuinn Donoghue
August 19, 2024
in Agriculture
Reading Time: 3 mins read
0
Share on FacebookShare on LinkedIn

Elevated inventory persisted in nearly all segments of the used agriculture equipment market, with the used-tractor category seeing the largest year-over-year increase. 

Auction values continued to fall at an unprecedented rate in July amid the high inventory, which spells trouble for agriculture equipment dealers, Sandhills Global Equipment Lease and Finance Manager Jim Ryan told Equipment Finance News. 

“The gap right now between the retail number and auction number is extraordinary, which tells you obviously that dealers are having a hard time adjusting to the pricing,” Ryan said. “Once that retail starts coming down, we’re going to see that retail number across the industry drop pretty heavily between now and year end.” 

While mounting inventory remained a challenge facing dealers, the used-equipment market showed some improvements in July, according to Sandhill Global’s monthly report. 

Used-tractors, 100 horsepower or more 

(Courtesy/Sandhills)
  • Inventory rose 37% YoY and 1.4% month over month; 
  • Asking values rose 3.8% YoY while falling 0.3% MoM; and 
  • Auction values dropped 6.8% YoY and 1.3% MoM. 

 Used planters 

(Courtesy/Sandhills)
  • Inventory increased 11.1% YoY and 7.6% MoM in July; 
  • Asking values declined 2% YoY but rose 0.8% MoM;  
  • Auction values fell 18.5% YoY but climbed 3% MoM; and 
  • EVI spread, the percentage difference between asking and auction values, remained at a historic high of 70%. 

Used combines

(Courtesy/Sandhills)
  • Inventory jumped 9.5% YoY while dropping 3.2% MoM; 
  • Asking values were up 8.1% YoY but down 1.9% MoM; 
  • Auction values climbed 0.8% YoY but fell 0.5% MoM; 
  • EVI spread stood at a near-historic high of 54% despite falling slightly. 

Used compact and utility tractors 

(Courtesy/Sandhills)
  • Inventory continued to fall in July, with declines of 6.1% YoY and 3.7% MoM; 
  • Asking values were down 2.8% YoY and 0.4% MoM; and 
  • Auction values dropped 5.3% YoY and 2.3% MoM. 

Harvest season provides boost 

As harvest season approaches, there’s expected to be an increase of combine sales and related equipment, particularly in the Midwest, Ryan said. 

“There’s a lot of that stuff hitting the auction block, hitting the market,” he said. “Guys are looking to buy harvest equipment for the next couple months. So, part of the seasonality with the combine market is what’s happening right now.” 

Visit the Equipment Finance News Lender Directory here. The directory lists banks, captives and independent lenders. Lenders are invited to add and update their own company details to the directory to provide dealers with the most up-to-date information available.    

 

Tags: agricultureSandhillsused equipment values
Previous Post

Agriculture trader The Andersons names Bill Krueger as CEO

Next Post

Key to compliance in 2024: security and trust

Related Posts

Kubota farming equipment at the World Agriculture Expo in Tulare, California, US, on Tuesday, Feb. 13, 2024. The annual World AG Expo has more than 1,200 exhibitors displaying the latest in farm equipment, chemicals, communications, and technology.
Agriculture

Kubota developing autonomous equipment finance strategy

June 16, 2025
Agriculture - Combine
Agriculture

Used ag equipment inventory drops

June 16, 2025
In-cab SenseApply Technology being used in the field for farming tech
Agriculture

CNH launches precision farming tech to boost efficiency and sustainability

June 12, 2025
Next Post
Key to compliance in 2024: security and trust

Key to compliance in 2024: security and trust

Proud Member Of

Check Out Our Industry Event

Stay Informed With Our 8 Newsletters

The Dig Podcast

Dealer Operations

Listen: How Anderson Equipment is managing and protecting data

Financial stability brightens Anderson Equipment’s 90th anniversary

June 13, 2025
Tech investment set to grow in 2024

IronConnect launches DealerFlow platform to maximize returns

June 12, 2025
John Deere signage at a United Ag and Turf dealership in Colchester, Connecticut, US, on Friday, Nov. 3, 2023. Deere & Co. is expected to release earnings figures on November 22.

Deere, Toro opportunistic with capital during market slowdown

June 10, 2025
  • About Us
  • Advertise
  • Contact Us
  • Privacy Terms
  • ADA Compliance

 Manage Cookie Consent

Connect with us

© 2025 Royal MediaRoyal Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • All News
    • Dealers
    • Lenders
    • Transportation
    • Agriculture
    • Construction
    • Material Handling
    • Rentals
    • Compliance
    • Data Analysis
  • Event
  • Data
  • Features
  • Lender Directory
  • Podcast
  • Webinars
    • Webinar Library

© 2025 Royal MediaRoyal Media

THIS WEBSITE USES COOKIES

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I CONSENT”, you consent to the use of ALL the cookies.

Cookie settingsI CONSENT

Review our Cookie Policies
.
Manage Cookie Consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
Save & Accept