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Asking-Auction Value Spread Reaches Historic Highs in Several Ag Equipment Markets

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LINCOLN, Neb., July 8, 2024 /PRNewswire/ — According to the newest Sandhills Global market reports, asking and auction values for used farm equipment in Sandhills marketplaces are continuing a downward trend. However, auction values are declining at a faster rate, driving an increasing gap between auction and asking values, especially among used combines, planting equipment, and 100-plus-horsepower tractors.

“The spread between asking and auction values has grown significantly over the past few months,” says TractorHouse Manager Ryan Dolezal. “While dealers have begun to cut prices, this spread exceeds historical values. Dealers should monitor these trends closely as we expect a large influx of equipment ahead of this year’s harvest season.”

This value spread is also occurring in Sandhills’ used construction equipment marketplaces such as MachineryTrader.com. “Heavy equipment inventory is still accumulating on dealers’ lots,” says Director of North American Construction Stephanie Olberding. “This is causing equipment value depreciation to accelerate further.”

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 and model-year equipment actively in use. EVI spread measures the percentage of asking values over auction values.

Additional Market Report Takeaways
Sandhills market reports highlight the most significant changes in Sandhills’ used heavy-duty truck, semitrailer, farm machinery, and construction equipment markets. Key points from the current reports are listed below. Full reports are available upon request.

U.S. Used Tractors 100 Horsepower and Greater

Inventory levels in this category experienced a marginal month over month decrease in June but were up 40.37% compared to last year’s figure. Inventory levels are trending sideways.Values continued a downward trend in June. Asking values rose less than 1% M/M in June, were up 3.89% YOY, and are trending down.Auction values continue to fall faster than asking values, increasing the separation between the two, referred to as the EVI spread. Following consecutive monthly decreases, auction values fell 3.53% M/M and 6.09% YOY in June.EVI spread increased to 45% in June, exceeding the historic 39% peak for this category observed in 2015.

U.S. Used Planters

Following seasonal declines, used planter inventory levels ticked down 0.23% M/M in June but were up 16.22% YOY and are trending upward.After months of decreases, asking values decreased 1.65% M/M and remained nearly steady YOY with a marginal increase.Auction values increased 0.97% M/M, dropped 19.24% YOY, and are trending down.The rapid decline in auction values pushed the EVI spread wider. The EVI spread for the used planter market reached 73% in June, exceeding historic highs last seen in 2015.

U.S. Used Combines

The U.S. used combine market showed slight relief from inventory increases in June. Levels decreased 1.59% M/M, rose 11.1% YOY, and are now trending sideways.Asking values remained steady M/M and are trending sideways, but posted a noteworthy 11.24% YOY increase.Auction values followed months of declines with a 2.83% M/M decrease in June but remained 1.9% higher than the previous year’s figure.EVI spread has increased dramatically for used combines over the past few months, reaching 57% in June.

U.S. Used Compact and Utility Tractors

Inventory in the used compact and utility tractor market continued downward trends in June. Inventory levels decreased 1.27% M/M and rose 2.77% YOY.Following months of decreases, asking values were down 0.94% M/M and 3.21% YOY.Auction values dipped 0.56% lower M/M after months of decreases and fell 4.16% YOY.

U.S. Used Medium-Duty Construction Equipment

The used skid steer category has driven a surge in inventory level increases across the U.S. used medium-duty construction equipment market. In the overall market, inventory levels rose 7.56% M/M and 51.85% YOY, adding to consecutive months of increases.Asking values, following moths of decreases, ticked 0.74% lower M/M and dropped 7.16% YOY in June.Auction values also continued a trend of monthly decreases, dropping 2.27% M/M and 11.63% YOY in June.

U.S. Used Heavy-Duty Construction Equipment

Inventory continues a steady recovery in this market, but at a slower rate compared to medium-duty construction equipment. Inventory levels of used heavy-duty construction equipment rose 4.15% M/M and 21.02% YOY in June, adding more pressure on values, which remain on downward trends.Sandhills has observed several months of decreases in both asking and auction values. Asking values decreased by 1.91% M/M and 5.41% YOY in June.Auction values fell 2.92% M/M and 9.56% YOY in June.

U.S. Used Heavy-Duty Trucks

Inventory levels of used heavy-duty trucks decreased slightly M/M in June by 1.24%, increased by 0.7% YOY, and are now trending sideways.Values, meanwhile, continue trending down following months of decreases. Asking values decreased by 1.66% M/M and 17.6% YOY in June.Auction values dropped by 4% M/M and 20.18% YOY.

U.S. Used Semitrailers

Inventory levels of used semitrailers are nearing pre-COVID levels, driven primarily by increases in the dry van trailer category. Used semitrailer inventory levels dropped just 0.66% M/M but are trending up and were 26.81% higher YOY in June.After several months of decreases, asking values decreased 2.15% M/M and 19.55% YOY.Auction values have also experienced months of decreases. Auction values were down 0.33% M/M and 19.68% YOY in June.

U.S. Used Medium-Duty Trucks

Inventory levels in this category were up 2.65% M/M in June following months of increases and were 28.21% higher than last year.Rising inventory levels of medium-duty trucks continue to add pressure to asking and auction values, which are both trending downward. Asking values posted a marginal M/M increase in June, decreased by 12.85% YOY, and are trending down.After months of decreases, auction values dropped by 3.02% M/M and 16.37% YOY in June.

U.S. Used Lifts

Inventory levels of used lifts remain elevated while values continue downward trends. Inventory levels in this market were up 5.3% M/M and 11.29% YOY in June and are trending upward.Asking values dropped by 3.2% M/M and 9.05% YOY.Auction values fell 3.65% M/M and 14.78% YOY.

Obtain the Full Reports
For more information, or to receive detailed analysis from Sandhills Global, contact us at marketreports@sandhills.com.

About Sandhills Global
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.

About the Sandhills Equipment Value Index
The Sandhills Equipment Value Index (EVI) is a principal gauge of the estimated market values of used assets—both currently and over time—across the construction, agricultural, and commercial trucking industries represented by Sandhills Global marketplaces, including AuctionTime.com, TractorHouse.com, MachineryTrader.com, TruckPaper.com, and other industry-specific equipment platforms. Powered by FleetEvaluator, Sandhills’ proprietary asset valuation tool, Sandhills EVI provides useful insights into the ever-changing supply-and-demand conditions for each industry.

Contact Sandhills
www.sandhills.com/contact-us
402-479-2181

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SOURCE Sandhills Global

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iMarketKorea Signs Two MOUs with Vietnam’s Phu Tho Provincial People’s Committee and BIDV

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Participates in Korea-Vietnam Economic Delegation

Accelerates development of an industrial park in Phu Tho Province near Hanoi, while attracting advanced manufacturing companies and building a supply chain ecosystemPlans parallel development of an Inland Container Depot (ICD) to strengthen logistics competitivenessExpands discussions with Bank for Investment and Development of Vietnam (BIDV) on financial support measures and new business opportunities

HANOI, Vietnam and SEOUL, South Korea, April 27, 2026 /PRNewswire/ — iMarketKorea, a leading industrial materials distribution company led by CEO Kim Hak-jae, announced that it has signed two Memoranda of Understanding (MOUs) with the Phu Tho Provincial People’s Committee and Bank for Investment and Development of Vietnam during the MOU signing session at the Korea-Vietnam Business Forum, hosted by Korea’s Ministry of Trade, Industry and Energy and the Korea Chamber of Commerce and Industry. The company participated in the official Korea-Vietnam economic delegation.

As Vietnam’s investment environment continues to advance, cooperation in production infrastructure such as industrial parks has become increasingly important. Based on prior discussions with Phu Tho Province, iMarketKorea formalized this partnership through the latest agreements.

Located near Noi Bai International Airport, Phu Tho Province is emerging as a strategic logistics hub and an attractive production base for global companies. The province recorded 10.52% gross regional domestic product (GRDP) growth in 2025, ranking fourth among Vietnam’s provinces.

Through the agreement, iMarketKorea plans to develop a national industrial park in Phu Tho Province and actively attract global manufacturing companies. The company also aims to build a supply chain-driven industrial ecosystem by strengthening collaboration among related businesses centered around the industrial complex.

To enhance logistics competitiveness, iMarketKorea will also pursue the development of an Inland Container Depot (ICD) with bonded warehousing functions. An ICD is an inland logistics hub enabling customs clearance and cargo handling. When integrated with the industrial park, it is expected to improve import-export efficiency and strengthen the region’s attractiveness to manufacturers.

Kim Hak-jae, CEO of iMarketKorea, said, “This agreement establishes the foundation for integrated production and logistics infrastructure. Through cooperation with the Phu Tho provincial government and BIDV, we plan to establish a one-stop support system covering administration, finance, legal matters, and taxation. We will also create an environment where high-tech parts and materials companies can effectively utilize local incentives and gradually expand future cooperation.”

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/imarketkorea-signs-two-mous-with-vietnams-phu-tho-provincial-peoples-committee-and-bidv-302753801.html

SOURCE iMarketKorea

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Global Customers Are Taking a Closer Look at Focused Photonics Inc.

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HANGZHOU, China, April 24, 2026 /PRNewswire/ — For scientific instrument companies competing globally, differentiation increasingly depends on more than product specifications alone. Customers are looking beyond performance claims to assess whether a company can consistently translate technology into manufacturable products, proven applications, reliable delivery and long-term service support.

That shift was evident during Focused Photonics Inc.’s (FPI) Global Customer Experience Day 2026 in Hangzhou, where customers and partners from dozens of countries visited the company’s Qingshanhu Innovation Base, headquarters and live application sites. For many attendees, the event offered a closer look at how a China-headquartered scientific instrument company is building capabilities across R&D, manufacturing, systems integration and lifecycle support.

At Qingshanhu Innovation Base, visitors saw key stages of FPI’s operations firsthand, including engineering, precision manufacturing, system integration, testing and service readiness. For many international customers, these visits are less about viewing a production line and more about assessing execution: whether a supplier has the engineering discipline, manufacturing depth and support infrastructure required to deliver consistently in real operating environments.

This is becoming increasingly important across the industry. As customer expectations evolve, competition is moving beyond stand-alone instrument performance toward integrated solutions, automation, data integrity, compliance and lifecycle value. In industrial and environmental applications in particular, uptime, stability and workflow fit often matter as much as analytical capability.

At its global customer conference, FPI outlined how it is responding to that transition, highlighting continued investment across environmental monitoring, industrial process analysis, laboratory analysis and life science applications. The company is also expanding the role of digitalization, automation and AI to improve application readiness and solution delivery.

Application-focused exchanges during the event reinforced the same point. In discussions on environmental, industrial and laboratory scenarios, customers focused not only on performance metrics, but also on regulatory fit, workflow integration, long-term operation under complex conditions, and the ability of solutions to function reliably once deployed. These are increasingly central criteria in global purchasing decisions.

The clearest proof came from real-world settings. At the Hangzhou Ecological Environment Monitoring Center, visitors saw FPI’s automated water quality laboratory in operation, where sample handling, workflow continuity and data generation are integrated into day-to-day use. For customers, this offered a more concrete view of how a solution performs not just in demonstration, but in routine operation.

Taken together, the event underscored a broader industry reality: global competition in scientific instruments is increasingly defined not only by what a product can do, but by whether a company can manufacture it at scale, deploy it effectively, support it locally and sustain performance over time. That broader operational capability is becoming a decisive part of how international customers evaluate suppliers.

View original content:https://www.prnewswire.com/news-releases/global-customers-are-taking-a-closer-look-at-focused-photonics-inc-302753822.html

SOURCE Focused Photonics Inc.

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Straits Financial Services Pte Ltd Granted Overseas Intermediary Futures Broker Status by Shanghai Futures Exchange and Guangzhou Futures Exchange

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SINGAPORE, April 27, 2026 /PRNewswire/ — Straits Financial Services Pte Ltd (“SFSPL”), a member of Straits Financial Group, is pleased to announce that it has been granted overseas intermediary (OI) futures broker status by the Shanghai Futures Exchange (SHFE) and the Guangzhou Futures Exchange (GFEX).

This recognition marks an important milestone in expanding international access to China’s futures markets and further strengthens SFSPL’s ability to connect global investors with onshore opportunities.

As an overseas intermediary futures broker, SFSPL will be able to facilitate client access to selected products listed on SHFE and GFEX. The overseas intermediary model significantly lowers barriers to entry for international participants by removing the need for complex onshore structures and enabling more efficient cross-border access, while operating within China’s regulated market environment.

“As China’s futures market continues to open up, this recognition represents a meaningful milestone for both SFSPL and our clients,” said Roger Quek, Chief Executive Officer and Managing Director, Straits Financial Services Pte Ltd. “We are pleased to support international investors with more seamless access to China’s onshore derivatives market, while maintaining a strong focus on risk management, compliance, and execution efficiency.”

As China’s derivatives market continue to evolve, SFSPL is strongly positioned to support clients looking to deepen their involvement in this high-potential market.

SFSPL remains committed to delivering robust trading capabilities, seamless market access, and trusted expertise to help clients navigate global investment opportunities.

About Straits Financial Services Pte Ltd

At Straits Financial Services Pte Ltd, we distinguish ourselves by promoting key and innovative contracts to support the financial and commodity derivative markets as well as providing products and services to fulfill the needs of every trader.

With a strong presence in Asia and a deep understanding of the global markets, we provide value to our clients by enabling global access with a local perspective. Established in 2010, Straits Financial Services Pte Ltd is part of Straits Financial Group which is headquartered in Singapore.

Straits Financial Services Pte Ltd provides a fully-integrated service for our clients to access the financial and commodity derivative markets and we strive to build lasting relationships with our clients.

For more information, please visit our website at https://www.straitsfinancial.com.

This document is issued for information purposes only. This document is not intended and should not under any circumstances to be construed as an offer or solicitation to buy or sell, nor financial advice or recommendation in relation to any capital market product. All the information contained herein is based on publicly available information and has been obtained from sources that Straits Financial Services Pte Ltd believes to be reliable and correct at the time of publishing this document.

Straits Financial Services Pte Ltd will not be liable for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind) suffered due to any omission, error, inaccuracy, incompleteness, or otherwise, any reliance on such information. Past performance or historical record of futures contracts, derivatives contracts, and commodities is not indicative of the future performance. The information in this document is subject to change without notice.

If after reading the foregoing content you have any doubts in relation thereto, please consult your own independent legal, financial and/or professional adviser.

View original content:https://www.prnewswire.com/apac/news-releases/straits-financial-services-pte-ltd-granted-overseas-intermediary-futures-broker-status-by-shanghai-futures-exchange-and-guangzhou-futures-exchange-302752994.html

SOURCE Straits Financial

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