Used tractor inventory levels in Sandhills Global marketplaces rose again in February, continuing a long-term inventory rebound that began in Q2 2022 as various pandemic-related farm equipment production and supply chain constraints began to ease. Inventory levels increased across all used tractor categories, from under-100-horsepower compact and utility tractors to 300-and-greater-HP tractors, when comparing February 2022 to February 2023.
“We typically see tractor inventory levels increase in January and February, but the year-over-year gains in recent months indicate that current inventory trends are outpacing seasonal effects,” says Sales Manager Mitch Helman. “Inventory of compact and utility tractors have increased faster than higher-horsepower farm tractors, so farm equipment sellers should monitor changing trends as buyers come in this spring.”
The key metric used in all of Sandhills’ market reports is the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the information in the Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions. The Sandhills EVI data include equipment available in auction and retail markets, as well as model year equipment actively in use. Effective with the January 2023 EVI, Sandhills introduced version enhancements and weighted adjustments. All historic EVI metrics were amended and recalculated back to 2005, and all calendar year 2023 EVI releases will include these enhancements.
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