Equipment Finance News
  • News
  • Event
  • Data
  • Features
  • Lender Directory
  • PodcastNew
  • WebinarsNew
    • Next Webinar (7/17): Technologies for 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 (7/17): Technologies for your equipment financing business
    • Webinar Library
No Result
View All Result
Equipment Finance News
No Result
View All Result

Lift values mixed amid rental industry acceleration

Inventory up 5% MoM for lifts

Johnnie Martinez IIbyJohnnie Martinez II
July 24, 2023
in Material Handling, Rentals
Reading Time: 3 mins read
0
Share on FacebookShare on LinkedIn

Values for used lifts were mixed in June as the material handling industry gained traction behind increasing rental activity. 

Asking values for used lifts fell 0.5% month over month in June but rose 6.1% year over year, according to Sandhills Global market reports. Meanwhile, auction values declined 5.2% MoM and 2% YoY in June. Inventory for used lifts increased 5.3% MoM and 0.1% YoY, with inventory increasing every month since February. 

Asking values and inventory for lifts rise YoY, as auction values decline YoY.
Courtesy of Sandhills Global

Asking values were trending in the opposite direction from auction values as of the end of June, but strength in the rental industry will play a role in lift inventories and values, Jim Ryan, equipment lease and finance manager at Sandhills Global, told Equipment Finance News. 

“Asking values are almost level month over month and asking values on the lift side have continued to rise this year, as you’re seeing values increase on the lift side of things, they’re trending upward,” he said. “Auction values are a little down on the lift side, but the retail space is becoming more [relevant]. The direct correlation to the lift side is rental companies.” 

Pandemic-induced backlogs plagued many segments of the equipment industry, but OEMs such as Volvo and Terex continue to make efforts to clear backlogs. As backlogs continue to clear and rental companies gain new equipment, lifts and the wider material handling sector will see the impact, Ryan said. 

“Rental companies play a huge factor in the lift sector, so as they were backlogged on being able to get new rental gear, that’s obviously had an effect on things,” he said. “Your rental companies play a direct impact on inventory levels on the lift side and also values on the lift side.” 

Equipment dealer and rental group Alta Equipment Group posted a 41% YoY increase in material handling rental revenue in Q1, according to the company’s May 10 earnings release. United Rentals’ rental revenue also increased 26% YoY in Q1, according to its April 26 earnings release, with the company set to release its Q2 earnings Wednesday. 

“There’s a lot of buyers out there that want lift equipment, but just haven’t been able to get their hands on it, so … now if you can purchase it, you may be willing to pay a little bit more,” Ryan said. “You’re seeing a little different trend on the lift side, but there’s a direct correlation to what the rental industry is doing.”

Tags: supply chainused equipment values
Previous Post

Crossovers, seasonality contribute to construction value dip

Next Post

PacWest to be sold to Banc of California in latest rescue deal

Related Posts

Equipment rental and leasing prices increased in October as the Federal Reserve’s rate cuts had a positive effect on the industry. 
Rentals

Optimal rental fleets take shape in equipment industry

July 8, 2025
Bobcat boosting electric adoption with Sunbelt Rentals
Rentals

OEMs zero in on growing equipment rental market

July 1, 2025
United Rentals may benefit as clients become weary of ownership
Rentals

Rental market supersized by specialty equipment, technology

June 18, 2025
Next Post
Signage for a Pacific Western Bank branch in Corona, California

PacWest to be sold to Banc of California in latest rescue deal

Proud Member Of

Check Out Our Industry Event

Stay Informed With Our 8 Newsletters

The Dig Podcast

Dealer Operations

US farm recovery not expected until 2026 as crop prices stay low

Dealers offer longer terms, skip payments amid farmer woes

July 7, 2025
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
  • 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