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

Heavy-duty truck auction values drop 29% YoY

Day cabs, dry vans supply drove down transportation values

Johnnie Martinez IIbyJohnnie Martinez II
September 27, 2023
in Transportation
Reading Time: 2 mins read
0
Share on FacebookShare on LinkedIn

Values for heavy-duty trucks dropped again in August, while values for medium-duty trucks and semitrailers were mixed as transportation industry inventory increased. 

Auction values also declined in August, dropping 2.4% month over month and 28.6% year over year, according to Sandhills Global market reports. Retail values, also known as “asking values,” for used, heavy-duty trucks plunged further, dropping 3.7% MoM and 20.9% YoY, continuing the trend from 2022, Jim Ryan, equipment lease and finance manager at Sandhills Global, said during a Sept. 12 company presentation. 

“On the transportation side, what we’ve seen since quarter two of 2022 has been a downturn, as that was the peak of the asking value number,” he said. “Since then, you’ve seen that asking value continually drop, and, in the correlation, you’ve seen the inventory level start rising.” 

sandhlls heavy duty truck value index
Source: Sandhills

Inventory for used, heavy-duty trucks remained flat sequentially but increased 39.1% YoY in August, according to Sandhills. Supply is expected to continue building as more trucks enter the market, Ryan said. 

“Manufacturing is catching up, you’re getting a lot of lease returns, you’re getting a lot of big fleet companies that are dumping inventory back into the market, and I think that’s going to continue,” he said. “Inventory levels are what drives this industry, and it’s going to be what drives auction and retail pricing.” 

Semitrailer auction values down 25% YoY 

Retail values for used semitrailers increased 0.1% MoM in August and 23.4% YoY despite large declines in dry van trailer values, according to Sandhills. Auction values also declined 2.9% MoM and 27.2% YoY. 

Sandhills semi truck values index
Source: Sandhills

Inventory for used semitrailers increased 3.6% MoM and 60% YoY, according to Sandhills. Dry van and reefer semitrailers led the way in terms of sequential increases, according to data Sandhills provided to Equipment Finance News. 

Retail values for medium-duty trucks declined 0.4% MoM and 14.1% YoY, while auction values dropped 1.2% MoM and 18.6% YoY, according to Sandhills. The gap between retail and auction values in medium-duty trucks represents the largest gap between the two values for any segment. 

sandhills cab and chassis index chart
Source: Sandhills

Inventory for used medium-duty trucks increased 1.5% MoM and 29.9% YoY, according to Sandhills. Box truck inventory led the category, as the inventory growth trend continued. 

Tags: equipment financeSandhillsused equipment values
Previous Post

US business equipment orders rebound after downward revision

Next Post

AGCO to buy Trimble assets for $2 billion to boost farm tech

Related Posts

Andrea Fuder
Transportation

Volvo Group executive Andrea Fuder dies

May 19, 2025
A display of haulage trucks from DAF Trucks NV at the IAA Transportation show in Hanover, Germany, on Monday, Sept. 19, 2022. Global leaders Daimler Truck Holding AG and Volvo AB are joining dozens of commercial-vehicle makers in Germany this week to showcase their latest electric semis, with more zero-emissions vehicles debuting at the IAA Transportation show than ever before.
Transportation

Daimler financial services revenue jumps 14% in Q1

May 14, 2025
Softer-than-expected inflation points to muted tariff fallout
Transportation

Softer-than-expected inflation points to muted tariff fallout

May 13, 2025
Next Post
An employee drives a Fendt 200 Vario tractor onto the final quality control line

AGCO to buy Trimble assets for $2 billion to boost farm tech

Proud Member Of

Check Out Our Industry Event

Stay Informed With Our 8 Newsletters

The Dig Podcast

Dealer Operations

Kubota tractors on display during the Expo Agro Sinaloa

Dealers, lenders emphasize flexibility amid economic hardship

May 16, 2025
The Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Thursday, Dec. 28, 2023. The market's reaction to the Federal Reserve's pivot toward interest-rate cuts this month has boosted expectations that would-be public companies may accelerate their IPO timelines.

Tariff-driven pessimism drives ‘wait and see’ approach

May 15, 2025
A Caterpillar bulldozer at a construction site in Hudson, New York, US.

Finning new equipment sales rise 7% YoY

May 14, 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