Key facts
- Used construction equipment inventory levels declined in May.
- Crawler excavators and wheel loaders led the inventory decline.
- Rental demand for used construction equipment remains strong.
- Sales of used construction equipment are cooling.
Used construction equipment inventory levels continued to decline in May, according to market reports from Sandhills Global and Oppenheimer. This trend was observed across multiple equipment categories, with crawler excavators and wheel loaders notably leading the decrease. While sales of used construction equipment are showing signs of cooling, the demand for rentals in this sector remains strong, indicating a bifurcated market dynamic.
Sandhills Global's reports encompass data on used heavy machinery, farm equipment, and trucks.