Used Construction Equipment Inventory Drops as Rental Fleets Expand
Event summary
- Inventory levels of used construction equipment on Sandhills Global platforms trended down across all markets except forklifts in February 2026.
- Used wheel loaders saw the steepest year-over-year inventory decline at 13.75%.
- Asking prices and auction values showed mixed trends, with some categories experiencing upward movements.
- The Sandhills Equipment Value Index (EVI) spread remained unchanged or showed slight variations across different equipment categories.
The big picture
The decline in used construction equipment inventory reflects a broader industry shift towards rental models, driven by changing demand patterns and dealer strategies. This trend is particularly notable in heavy-duty and medium-duty construction equipment, where inventory levels have been trending down for extended periods. The mixed trends in asking prices and auction values suggest a complex market dynamic, with some categories experiencing upward pressure on prices despite lower inventory levels.
What we're watching
- Rental Fleet Expansion
- The pace at which equipment is shifting into rental fleets will impact used equipment inventory levels and pricing dynamics.
- Market Sentiment
- Whether dealers' cautious optimism translates into sustained retail sales and higher auction values.
- Value Index Trends
- How the Sandhills Equipment Value Index (EVI) spread evolves, indicating the gap between asking and auction values.