LINCOLN, Neb., June 18, 2020 /PRNewswire/ -- According to data in a recent report from Sandhills Global, the used market for late model combines (those between one and three years old) shows a steady upward trend with year-over-year increases in both 2WD and 4WD combines. Coming out of the annual combine inventory peak during April and May, recent analysis shows that average YOY prices are up 5% for 4WD combines, for example.
The used inventory on TractorHouse.com, AuctionTime.com, MachineryTrader.com, TruckPaper.com, and Sandhills' other industry-leading websites and trade publications provide an enormous share of the data that Sandhills tracks for its analysis and reporting. Along with this data, Sandhills examines the market to discover the forces behind high-level inventory and average price trends in each industry.
"As we head into the summer, when used combine inventory tends to decrease, the market often responds to the reduced supply with increased equipment values," says Mitch Helman, sales manager at Sandhills Global. "And with the year-over-year data showing increased average prices on late model combines, there's an opportunity for sellers to maximize their return on those assets."
- Used combine inventory annually peaks during April and May.
- New Sandhills data shows YOY increase in average prices in the one- to three-year age groups for both 2WD and 4WD combines.
- Overall, late model used combines values in recent months have shown YOY increases when accounting for seasonal variance.
This is a small sample of the information available from Sandhills' industry market reports, which include detailed breakdowns by inventory age, specification, and usage groups.
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Sandhills Global is an information processing company headquartered in Lincoln, Nebraska. Our products and services gather, process, and distribute information in the form of trade publications, websites, and online services that connect buyers and sellers across the construction, agriculture, forestry, oil and gas, heavy equipment, commercial trucking, and aviation industries. Our integrated, industry-specific approach to hosted technologies and services offers solutions that help businesses large and small operate efficiently and grow securely, cost-effectively, and successfully. Sandhills Global—we are the cloud.
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SOURCE Sandhills Global