Equipment Finance News
  • News
  • Event
  • Data
  • Features
  • Lender Directory
  • PodcastNew
  • WebinarsNew
    • Next Webinar: Technologies to advance your equipment financing business
    • 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
    • Next Webinar: Technologies to advance your equipment financing business
    • Webinar Library
No Result
View All Result
Equipment Finance News
No Result
View All Result

Used construction inventory swells again

Heavy-duty auction values down 10%

Quinn DonoghuebyQuinn Donoghue
September 13, 2024
in Construction
Reading Time: 3 mins read
0
Share on FacebookShare on LinkedIn

Used construction equipment values continued to slide in August as inventory accumulated on dealer lots.  

Rental returns and a slowdown in residential construction contributed to the inventory surge, which has been a trend since summer 2022, Sandhills Global Equipment Lease and Finance Manager Jim Ryan told Equipment Finance News.  

“I think a lot of residential building has kind of halted,” Ryan said. “So, your smaller contractors, the way for them to stay cash flow-positive is to liquidate some of the assets they’re not needing right now and create some cash flow for the business that way.” 

The used construction equipment market was dealt a blow in August as high inventory continued to depress prices in both medium- and heavy-duty sectors, according to Sandhills Global’s monthly report covering trends in the heavy-equipment industry, released Sept. 5.  

Medium-duty equipment  

(Courtesy of Sandhills Global
  • Used inventory rose 42.7% year over year and 3% month over month in August; 
  • Used track skid steers drove the inventory surge, rising 53.6% YoY; and 
  • Auction values fell 10.7% YoY, while asking values dropped 7.1% YoY. 

Heavy-duty equipment 

(Courtesy of Sandhills Global)
  • Used inventory increased 20.9% YoY and 2.5% MoM; 
  • The wheel loaders category saw the highest inventory jump, 31.7% YoY; and 
  • Auction values fell 10.4% YoY and asking values were down 5.6% MoM. 

 Used lifts 

(Courtesy of Sandhills Global)
  • Inventory was up 17% YoY and 7.9% MoM; and 
  • Auction values and asking values dropped 15.7% and 10.4% YoY, respectively.  

Election year woes 

The upcoming U.S. presidential election has compounded challenges facing the construction-equipment business, with many would-be buyers on standby, Larry DuPaix, owner of Salt Lake City-based Atlas Machinery, told EFN. 

“Probably 20% of contractors are holding off to see who gets elected,” DuPaix said. “They want to see who our politicians are going to be coming out of November.” 

Even if the industry gets a boost following the election, dealers will still likely have excess equipment, Sandhills’ Ryan said. 

“There is so much inventory already out there,” he said. “Let’s say you get a lot of buyers that want to come to the table and purchase, there’s still a supply and demand imbalance.” 

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: equipment financeSandhillsused equipment values
Previous Post

Podcast: Partnerships overcome high interest rate challenges 

Next Post

Secondary market supporting equipment leasing

Related Posts

A worker squats on a Komatsu Ltd. excavator near the construction site for the Otres 2 development in Sihanoukville, Cambodia, on Saturday, March 31, 2018. It's against the law for Cambodians to gamble. Yet in Sihanoukville, a once-sleepy resort town where three dozen casinos have sprung up, most in the past two years, Cambodians are betting that an infusion of Chinese-built infrastructure will pay off with jobs and prosperity
Construction

Komatsu finalizes $440M deal for Pakistan mining project

July 1, 2025
Volvo and Huntington announced positive financial performance in the equipment finance sector.
Construction

Volvo CE: No financing disruptions with recent acquisition, sale

June 27, 2025
FAYAT Group expands US operations
Construction

FAYAT Group expands US operations

June 26, 2025
Next Post
Secondary market supporting equipment leasing

Secondary market supporting equipment leasing

Proud Member Of

Check Out Our Industry Event

Stay Informed With Our 8 Newsletters

The Dig Podcast

Dealer Operations

A Tractor Retailer Ahead Of Caterpillar Earnings Figures

Cat dealer Finning appoints Primrose CFO

June 30, 2025
Equipment Finance News welcomes industry leaders for tech webinar

Equipment Finance News welcomes industry leaders for tech webinar

June 30, 2025
A worker operates a forklift to carry boxes through the warehouse of the Black & Decker Inc. DeWalt brand production plant in Charlotte, North Carolina, U.S., on Wednesday, Aug. 9, 2017. The U.S. Census Bureau is scheduled to release durable goods figures on August 25.

Durable goods orders spike 16.4%, biggest jump since 2014

June 26, 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