{"id":42753,"date":"2024-10-17T15:57:32","date_gmt":"2024-10-17T10:57:32","guid":{"rendered":"https:\/\/www.my-equipment.com\/blog\/?p=42753"},"modified":"2024-10-16T16:15:03","modified_gmt":"2024-10-16T11:15:03","slug":"u-s-used-heavy-duty-construction-equipment-market-overview-for-september-2024","status":"publish","type":"post","link":"https:\/\/www.my-equipment.com\/blog\/2024\/10\/u-s-used-heavy-duty-construction-equipment-market-overview-for-september-2024\/","title":{"rendered":"U.S. Used Heavy-Duty Construction Equipment Market Overview for September 2024"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/10\/u-s-used-heavy-duty-construction-equipment-market-overview-for-september-2024\/#Rising_inventory_levels_put_pressure_on_prices\" >Rising inventory levels put pressure on prices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/10\/u-s-used-heavy-duty-construction-equipment-market-overview-for-september-2024\/#Impact_of_increasing_inventory_levels_on_auction_and_asking_values\" >Impact of increasing inventory levels on auction and asking values<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/10\/u-s-used-heavy-duty-construction-equipment-market-overview-for-september-2024\/#A_source_of_concern_for_sellers\" >A source of concern for sellers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/10\/u-s-used-heavy-duty-construction-equipment-market-overview-for-september-2024\/#What_to_do_now\" >What to do now<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Rising_inventory_levels_put_pressure_on_prices\"><\/span><b>Rising inventory levels put pressure on prices<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">According to a report by Sandhills Global\u2019s for the month of September, the inventory levels of used heavy construction equipment continue to rise. It was witnessed that the asking values increased for heavy-duty equipment though the situation continued to be different for lifts where the asking values continued to decline.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The inventory levels continued to rise for the past few months in this market. The increase came into effect for different equipment, such as used crawler excavators, wheel loaders, and dozers in Sandhills\u2019 U.S. marketplaces.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The M\/M Inventory levels were up 0.78% while the YOY inventory levels increased by 21.54%. Despite the continued increase, none of the different equipment could reach the inventory levels that existed before Covid pandemic struck the world.\u00a0\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Impact_of_increasing_inventory_levels_on_auction_and_asking_values\"><\/span><b>Impact of increasing inventory levels on auction and asking values<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"font-weight: 400;\">The market witnessed the <\/span><b>asking values<\/b><span style=\"font-weight: 400;\"> increase M\/M by 0.46% but still trended downward and turned out to be 4.35% lower YOY.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">As far as the <\/span><b>auction values<\/b><span style=\"font-weight: 400;\"> were concerned, the value decreased M\/M by 0.6% and 9.49% YOY.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This is a continuity of decline being witnessed for months. Most notably, the used excavator and wheel loader categories witnessed YOY decrease by around 10%.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_source_of_concern_for_sellers\"><\/span><b>A source of concern for sellers<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A source of concern is that while the auction values have fallen by nearly 10%, the decrease in asking values has only been up to 4.35%. Now this huge difference is creating a huge concern among the sellers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This huge gap between auction values and the asking values suggests that more and more customers will prefer dealing with auction bidders. So, those planning to sell their used equipment will really have to take this factor into account if they want the best prices in the current market.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_do_now\"><\/span><b>What to do now<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Those who have used machinery at hand must observe and study these current market trends carefully and devise a strategy that aligns with these market conditions. It will help them monitor the different <a href=\"https:\/\/www.my-equipment.com\/blog\/2022\/08\/forecasts-for-the-us-construction-equipment-manufacturing-industry-2022-2027\/\"><strong>used equipment markets<\/strong><\/a> and successfully devise a strategy that ensures maximum returns on the resale of equipment or returns on purchase.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rising inventory levels put pressure on prices According to a report by Sandhills Global\u2019s for &hellip; <a href=\"https:\/\/www.my-equipment.com\/blog\/2024\/10\/u-s-used-heavy-duty-construction-equipment-market-overview-for-september-2024\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;U.S. Used Heavy-Duty Construction Equipment Market Overview for September 2024&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":42754,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1155,26],"tags":[1498,1347,163],"class_list":["post-42753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feature","category-heavy-construction-equipment","tag-crawler-excavators","tag-used-excavator","tag-wheel-loaders"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. Used Heavy-Duty Construction Equipment Market Overview for September 2024 - MY-Equipment Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/10\/u-s-used-heavy-duty-construction-equipment-market-overview-for-september-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Used Heavy-Duty Construction Equipment Market Overview for September 2024 - MY-Equipment Blog\" \/>\n<meta property=\"og:description\" content=\"Rising inventory levels put pressure on prices According to a report by Sandhills Global\u2019s for &hellip; 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