Latest news with #Sandhills
Forbes
14-07-2025
- Business
- Forbes
Owners Of Pine Needles, Mid Pines Acquire Four More N.C. Golf Courses
An aerial image of Southern Pines, one of the three public properties under Rolling Pines LLC, which ... More has further expanded with the acquisitions of Whispering Pines and Foxfire. The group that owns Pine Needles, Mid Pines and Southern Pines – three of the most respected public golf properties in Pinehurst, North Carolina, outside of the Pinehurst Resort – has further expanded its footprint in the Sandhills region with the acquisition of four additional 18-hole courses. Rolling Pines LLC, a newly formed management company under the parent Mid Pines Development Group, added to its existing 54-hole portfolio with the purchase of the Country Club of Whispering Pines and Foxfire Country Club. Each facility has two 18-hole courses with deep ties to the region, although none were designed by Donald Ross, the architect of the group's other three courses. "We see great opportunities in both properties," said Kelly Miller, the managing partner of the new ownership group and the son-in-law of the late Peggy Kirk Bell, a former professional golfer known for her advocacy in the women's game who owned Pine Needles beginning in 1953. Miller has been with Pine Needles since the 1980s, working his way up to president and CEO over the years, and was instrumental in the company's 1994 acquisition of Mid Pines Inn & Golf Club, and the 2020 purchase of Southern Pines Golf Club. "Our goal is to make significant improvements on all four courses and get them on an upward trajectory,' added Miller. 'The Sandhills area is growing, North Carolina is growing, and Raleigh, Sanford and Fort Bragg seem to be getting closer and closer to us. This is a chance to some polish some classic golf courses from outstanding designers and make them available to the public at a reasonable price.' The acquisitions, financial terms of which weren't disclosed, come after years of ownership changes at both facilities. Both the Country Club of Whispering Pines, which opened in 1959 with two Ellis Maples-designed courses, and Foxfire Country Club, established in 1968 with two Gene Hamm-designed courses, were purchased from GreatLife Golf Management. Course Restoration Plans The Rolling Pines ownership group plans to enlist golf architect Kyle Franz to develop master plans for the newly acquired courses. Franz has been instrumental in the group's previous restoration projects, starting with Mid Pines in 2013 and Pine Needles Lodge & Golf Club in 2017-18, returning both to their original Ross character with rebuilt greens and reconfigured bunkers. He then oversaw the most dramatic transformation of the bunch at Southern Pines, with an 18-month restoration that followed its acquisition from the local Elks Club in 2020. Pine Needles, Southern Pines and Mid Pines were all reworked by golf architect Kyle Franz, who is ... More being enlisted to revamp the four new courses added to the Rolling Pines portfolio. Franz's work at Whispering Pines and Foxfire will differ from the faithful Ross restorations he completed previously, with a focus first on tweaking the courses and then developing a master plan as part of the new ownership's long-term vision. Haresh Tharani, whose family investments span retail, hospitality, and hedge fund management, has been a partner of the Miller and McGowan families since 2017 and brings additional capital as well as a shared vision for preserving the historic golf offerings in the region. He cites the appeal of the region and the potential of the properties as motivation for the acquisition. 'We have four seasons, low taxes, and a healthy business climate,' Tharani says of North Carolina's appeal. 'We're close to the mountains and the coast. And in the middle is the Sandhills, one of the great golf destinations in the country. We have a deep commitment to the community and to the state. We believe in buying properties that have a great legacy and tradition, and both of these clubs fit that.' The Mid Pines Inn and Golf Club Ties to the Region For Miller, the purchase represents an extension of his commitment to the region. He recalls playing both Foxfire and Whispering Pines as part of a group with his father-in-law, Warren 'Bullet' Bell, a former professional basketball player, and a group of 12 to 16 others who rotated between those courses as well as Pine Needles and Southern Pines every week. 'We had a great time. Over the years, Foxfire and Whispering Pines have had their challenges,' Miller added. "I have fond memories playing there and have had my eye on them for some time.' The River and Pines courses are the centerpieces to the club at Whispering Pines and were designed by Ellis Maples, whose family also has roots in Sandhills golf. His father, Frank Maples, was construction and course maintenance chief under Donald Ross, thus working extensively in the Pinehurst area, while his son Dan Maples has operated a golf design firm from Pinehurst for half a century. 'Whispering Pines has great corridors,' Miller said. 'They have some great golf there. The routing is really good. I have always been intrigued in the lineage to Pine Needles and Mid Pines because Ellis as a young man worked on the construction of both those courses.' Foxfire is situated about six miles southwest of the village of Pinehurst and sits on a 2,000-acre site anchored by Lake MacKenzie, which serves as a formidable water hazard at both the Red Fox and Gray Fox courses. Hamm, who like Ellis Maples is a member of the Carolina Golf Hall of Fame, opened the first course in 1968, a layout that hosted the ACC men's golf championship in 1970, 1973, and 1975. Nine new holes followed in 1972, and the facility became a 36-hole operation in 1981. Course Access In the near term, guests at both Pine Needles and Mid Pines will have access to the courses at Foxfire and Whispering Pines. There is the possibility of other synergies between the five properties, although the four new courses will operate separately from the existing membership structure at the original three clubs. The investment reflects the group's confidence in the golf potential of the Sandhills region, a destination known first and foremost among traveling golfers for the Pinehurst Resort and its 189 holes (and counting). With 126 holes of golf now under management, the Rolling Pines group has reinforced that it, too, is committed to long-term stewardship, with a focus on making quality golf available to the public while retaining its historic character. "We have a deep commitment to the community and to the state," Tharani said. "We believe in buying properties that have a great legacy and tradition, and both of these clubs fit that."
Malaysian Reserve
04-06-2025
- Business
- Malaysian Reserve
Economic Uncertainty Continues as Inventory Levels Rise Across Truck and Construction Equipment Markets
LINCOLN, Neb., June 4, 2025 /PRNewswire/ — New Sandhills Global market reports show inventory levels rising month over month for U.S. used truck, semi-trailer, and construction equipment markets on Sandhills platforms, which include and Inventory levels in the used heavy-duty truck and semi-trailer markets are trending sideways despite monthly increases. However, used medium-duty truck inventory levels are continuing a steady upward trend, while asking and auction values remain on a downward trend. 'Uncertainty has filled the truck market,' says Truck Paper Manager Scott Lubischer. 'Dealers are selling trucks not because they are upgrades, but because people still need to operate. Dealers are lowering prices to drive sales, but they are feeling the effects of slowed port activity, lower freight volumes, and tariffs.' In the used heavy- and medium-duty construction equipment markets, Sandhills has observed inventory levels trending downward despite small monthly upticks in May. Asking prices and auction values dipped lower across all used construction equipment markets; trend lines are holding steady, but if value drops persist, they may also shift trend lines downward. 'Used equipment dealers are navigating a mixed market,' says Director of North America Construction Stephanie Olberding. 'Seasonal drops in demand have contributed to the slight heavy-duty construction inventory increases noted in the May reports.' The key metric 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 difference between asking and auction values. Additional Market Report TakeawaysSandhills market reports highlight the most significant changes in Sandhills' used heavy-duty truck, semi-trailer, farm machinery, and construction equipment markets. Key points from the current reports are listed below. Full reports are available upon request. U.S. Heavy-Duty Trucks Inventory levels in this market rose 3.9% month over month in May and fell 21.83% year over year, but maintained a steady trend. Used sleeper trucks led other categories in inventory level changes, both M/M, with a 6.38% increase, and YOY, with a 35.37% decrease. Asking values in this market have also been trending sideways, with a marginal 0.19% increase M/M and a 2.51% decrease YOY in May. The used sleeper truck category had the largest M/M asking value increase at 1.29%, while used day cab trucks had the largest YOY decrease at 5.62%. Auction values posted small increases of 0.67% M/M and 0.38% YOY in May and are trending upward. Used sleeper trucks led other categories in M/M auction value increases, up 2.63%, while used day cab trucks posted the largest YOY auction value drop at 7.10%. U.S. Used Semi-Trailers Inventory levels in the U.S. used semi-trailer market have maintained a steady trend. In May, inventory increased by 3.41% M/M, but was 11.2% lower than year-ago levels. The used reefer trailer category showed the largest M/M inventory increase at 10.49%, while used dry van trailers had the largest per-category YOY decrease at 18.29%. Asking values are trending up, with a 0.91% M/M increase and a 2.92% YOY decrease in May. The used reefer trailer category drove M/M asking value increases with a 6.31% jump. The used flatbed trailer category led in YOY asking value decreases, down 4.05%. Although auction values decreased by 0.81% M/M in May, they increased 2.05% YOY and are trending up. Notably, used dry van trailers showed the largest M/M auction value decrease at 5.31%, and used flatbed trailers had the largest YOY increase at 3.67%. U.S. Used Medium-Duty Trucks Inventory levels in the U.S. used medium-duty trucks market continue to trend upward. In May, inventory was up 1.83% M/M and 25.79% YOY. The used moving box truck category posted the largest M/M inventory increase at 19.51%, while used reefer box trucks had the largest per-category YOY inventory increase at 85.92%. Asking and auction values in this market have been trending downward for nine months. In May, asking values declined 0.97% M/M and 2.83% YOY, led by decreases in the used stake truck category, down 5.62% M/M, and the used moving truck category, down 7.86% YOY. Auction values decreased by 0.55% M/M and 1.73% YOY in May. Category leaders were used stake trucks, with auction values decreasing 5.89% M/M, and used reefer box trucks, with auction values down 6.84% YOY. U.S. Used Heavy-Duty Construction Equipment Inventory levels in this market have been trending downward for five months. In May, inventory levels increased by 1.23% M/M but were down 2.52% YOY. The used wheel loader category exhibited the largest M/M inventory increase at 1.7%, while used crawler excavators posted the largest YOY inventory decrease at 5.83%. Asking values are on a steady trend despite decreases of 1.9% M/M and 3.91% YOY in May. Used dozers led other categories in M/M asking value decreases at 2.46%, while used crawler excavators led other categories in YOY asking value decreases at 5.11%. Auction values are also trending sideways, with decreases of 0.69% M/M and 1.4% YOY in May. The used dozer category posted the largest M/M auction value decrease at 1.85%, while used wheel loaders had the largest per-category YOY auction value decrease at 5.42%. U.S. Used Medium-Duty Construction Equipment Inventory levels in the U.S. used medium-duty construction market are trending down, with a 0.48% increase M/M, and a 2.06% decrease YOY in May. Used wheeled skid steers showed the largest M/M inventory increase at 4.85%, while used mini excavators exhibited the largest YOY inventory decrease at 11.98%. Asking values in this market are trending sideways, with a 0.92% decrease M/M and a 3.05% decrease YOY. The used loader backhoes category showed the largest M/M asking value decrease at 1.8%, while used track skid steers exhibited the largest YOY asking value decrease at 4.69%. Auction values are trending up despite May decreases of 0.81% M/M and 0.82% YOY. The used loader backhoes category showed the largest M/M auction value decrease at 2.6% and the largest YOY auction value decrease at 3.29%. U.S. Used Lifts Inventory levels in the U.S. used lifts market have been trending upward, despite a slight decrease of 0.52% M/M in May, and are 14.3% higher YOY. The used pneumatic-tire forklift category exhibited the largest M/M inventory increase at 8.1%, while the used rough terrain scissor lift category showed the most significant YOY inventory growth at 31.89%. Asking values in this market decreased by 0.95% M/M and 8.16% YOY, maintaining a downward trend. The used rough terrain scissor lift category posted the largest M/M asking value decrease at 2.81%, and also showed the steepest YOY decline at 16.67%. Auction values decreased by 3.53% M/M and 7.04% YOY in May but kept a sideways trend. The used rough terrain scissor lift category experienced the largest M/M auction value decrease at 11.78%, and also had the largest YOY decrease at 13.82%. U.S. Used Tractors 100 Horsepower and Greater Inventory levels of U.S. used tractors 100 horsepower and greater declined 2.5% M/M and 0.66% YOY in May, following a downward trend. The used 100- to 174-HP tractor category had the largest impact on this market, with inventory falling 4.8% M/M and 9.59% YOY. Asking values decreased 1.88% M/M and 6.41% YOY and are trending downward. The used high-horsepower tractor category (tractors 300 HP and greater) showed both the largest M/M asking value decrease, down 2.94%, and the largest YOY decrease, down 6.63%. Despite auction values falling 2.09% M/M and 4.1% YOY in May, they are on a sideways trend. Sandhills observed the largest M/M decrease in the used high-HP tractor category, down 3.21%, and the most significant YOY decrease in the used 175- to 299-HP tractor category, down 3.84%. The EVI spread, which measures the percentage difference between asking and auction values, maintained at 38%, still slightly lower than peak values observed in 2015. U.S. Used Combines Inventory levels of used combine harvesters decreased by 0.11% M/M in May and were down 5.54% compared to year-ago levels. Despite the decline, this market is trending up. Asking values maintained an upward trend, rising 0.95% M/M and 0.15% YOY in May. Auction values continued a five-month upward trend in May, increasing 2.43% M/M and 7.71% YOY. The EVI spread continued to fall, reaching 42%, which is lower than peak values observed in 2015. U.S. Used Sprayers Inventory levels of U.S. used sprayers on Sandhill platforms have maintained a downward trend. In May, inventory decreased by 3.34% M/M and 5.22% YOY. Asking values for used sprayers are trending downward, with decreases of 2.09% M/M and 5.79% YOY in May. Auction values for used sprayers are following a steady trend but dipped 2.26% M/M and 3.7% YOY in May. The EVI spread 43%, only slightly lower than peak values from 2015. U.S. Used Planters Inventory levels of U.S. used planters on Sandhills platforms are trending downward. In May, inventory decreased by 3.7% M/M and 13.49% YOY. Asking values in this market have maintained a steady trend. However, asking values decreased by 3.54% M/M and 2.04% YOY in May. Auction values are also trending sideways, decreasing by 6.13% M/M but increasing by 6.70% YOY in May. The EVI spread increased to 55%, still lower than peak values observed in 2015. U.S. Used Compact and Utility Tractors Inventory levels of U.S. used compact and utility tractors on Sandhills platforms have been trending downward for seven months in a row. Inventory levels dropped 3.8% M/M and 24.06% YOY in May. The used less-than-40-HP tractor category exerted the greatest influence on inventory levels, with decreases of 5.62% M/M and 27.74% YOY. Asking values continued an upward trend, posting a slight 0.11% M/M increase and 1.18% YOY decrease. The used 40- to 99-HP tractor category showed the largest YOY decrease at 3.26%. Auction values showed a marginal 0.4% M/M decrease and a 0.3% YOY increase and are trending sideways. The used less-than-40-horsepower tractor category had the largest YOY decrease at 1.69%. Obtain the Full ReportsFor more information or to receive detailed analysis from Sandhills Global, contact us at marketreports@ About Sandhills GlobalSandhills Global is an information processing company headquartered in Lincoln, Nebraska. Our products and services gather, process, and distribute information through 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 IndexThe 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 and other industry-specific equipment platforms. Powered by Value Insight Portal (VIP), Sandhills' proprietary asset valuation tool, Sandhills EVI provides useful insights into the ever-changing supply-and-demand conditions for each industry. Contact
Yahoo
04-06-2025
- Business
- Yahoo
Economic Uncertainty Continues as Inventory Levels Rise Across Truck and Construction Equipment Markets
LINCOLN, Neb., June 4, 2025 /PRNewswire/ -- New Sandhills Global market reports show inventory levels rising month over month for U.S. used truck, semi-trailer, and construction equipment markets on Sandhills platforms, which include and Inventory levels in the used heavy-duty truck and semi-trailer markets are trending sideways despite monthly increases. However, used medium-duty truck inventory levels are continuing a steady upward trend, while asking and auction values remain on a downward trend. "Uncertainty has filled the truck market," says Truck Paper Manager Scott Lubischer. "Dealers are selling trucks not because they are upgrades, but because people still need to operate. Dealers are lowering prices to drive sales, but they are feeling the effects of slowed port activity, lower freight volumes, and tariffs." In the used heavy- and medium-duty construction equipment markets, Sandhills has observed inventory levels trending downward despite small monthly upticks in May. Asking prices and auction values dipped lower across all used construction equipment markets; trend lines are holding steady, but if value drops persist, they may also shift trend lines downward. "Used equipment dealers are navigating a mixed market," says Director of North America Construction Stephanie Olberding. "Seasonal drops in demand have contributed to the slight heavy-duty construction inventory increases noted in the May reports." The key metric 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 difference between asking and auction values. Additional Market Report TakeawaysSandhills market reports highlight the most significant changes in Sandhills' used heavy-duty truck, semi-trailer, farm machinery, and construction equipment markets. Key points from the current reports are listed below. Full reports are available upon request. U.S. Heavy-Duty Trucks Inventory levels in this market rose 3.9% month over month in May and fell 21.83% year over year, but maintained a steady trend. Used sleeper trucks led other categories in inventory level changes, both M/M, with a 6.38% increase, and YOY, with a 35.37% decrease. Asking values in this market have also been trending sideways, with a marginal 0.19% increase M/M and a 2.51% decrease YOY in May. The used sleeper truck category had the largest M/M asking value increase at 1.29%, while used day cab trucks had the largest YOY decrease at 5.62%. Auction values posted small increases of 0.67% M/M and 0.38% YOY in May and are trending upward. Used sleeper trucks led other categories in M/M auction value increases, up 2.63%, while used day cab trucks posted the largest YOY auction value drop at 7.10%. U.S. Used Semi-Trailers Inventory levels in the U.S. used semi-trailer market have maintained a steady trend. In May, inventory increased by 3.41% M/M, but was 11.2% lower than year-ago levels. The used reefer trailer category showed the largest M/M inventory increase at 10.49%, while used dry van trailers had the largest per-category YOY decrease at 18.29%. Asking values are trending up, with a 0.91% M/M increase and a 2.92% YOY decrease in May. The used reefer trailer category drove M/M asking value increases with a 6.31% jump. The used flatbed trailer category led in YOY asking value decreases, down 4.05%. Although auction values decreased by 0.81% M/M in May, they increased 2.05% YOY and are trending up. Notably, used dry van trailers showed the largest M/M auction value decrease at 5.31%, and used flatbed trailers had the largest YOY increase at 3.67%. U.S. Used Medium-Duty Trucks Inventory levels in the U.S. used medium-duty trucks market continue to trend upward. In May, inventory was up 1.83% M/M and 25.79% YOY. The used moving box truck category posted the largest M/M inventory increase at 19.51%, while used reefer box trucks had the largest per-category YOY inventory increase at 85.92%. Asking and auction values in this market have been trending downward for nine months. In May, asking values declined 0.97% M/M and 2.83% YOY, led by decreases in the used stake truck category, down 5.62% M/M, and the used moving truck category, down 7.86% YOY. Auction values decreased by 0.55% M/M and 1.73% YOY in May. Category leaders were used stake trucks, with auction values decreasing 5.89% M/M, and used reefer box trucks, with auction values down 6.84% YOY. U.S. Used Heavy-Duty Construction Equipment Inventory levels in this market have been trending downward for five months. In May, inventory levels increased by 1.23% M/M but were down 2.52% YOY. The used wheel loader category exhibited the largest M/M inventory increase at 1.7%, while used crawler excavators posted the largest YOY inventory decrease at 5.83%. Asking values are on a steady trend despite decreases of 1.9% M/M and 3.91% YOY in May. Used dozers led other categories in M/M asking value decreases at 2.46%, while used crawler excavators led other categories in YOY asking value decreases at 5.11%. Auction values are also trending sideways, with decreases of 0.69% M/M and 1.4% YOY in May. The used dozer category posted the largest M/M auction value decrease at 1.85%, while used wheel loaders had the largest per-category YOY auction value decrease at 5.42%. U.S. Used Medium-Duty Construction Equipment Inventory levels in the U.S. used medium-duty construction market are trending down, with a 0.48% increase M/M, and a 2.06% decrease YOY in May. Used wheeled skid steers showed the largest M/M inventory increase at 4.85%, while used mini excavators exhibited the largest YOY inventory decrease at 11.98%. Asking values in this market are trending sideways, with a 0.92% decrease M/M and a 3.05% decrease YOY. The used loader backhoes category showed the largest M/M asking value decrease at 1.8%, while used track skid steers exhibited the largest YOY asking value decrease at 4.69%. Auction values are trending up despite May decreases of 0.81% M/M and 0.82% YOY. The used loader backhoes category showed the largest M/M auction value decrease at 2.6% and the largest YOY auction value decrease at 3.29%. U.S. Used Lifts Inventory levels in the U.S. used lifts market have been trending upward, despite a slight decrease of 0.52% M/M in May, and are 14.3% higher YOY. The used pneumatic-tire forklift category exhibited the largest M/M inventory increase at 8.1%, while the used rough terrain scissor lift category showed the most significant YOY inventory growth at 31.89%. Asking values in this market decreased by 0.95% M/M and 8.16% YOY, maintaining a downward trend. The used rough terrain scissor lift category posted the largest M/M asking value decrease at 2.81%, and also showed the steepest YOY decline at 16.67%. Auction values decreased by 3.53% M/M and 7.04% YOY in May but kept a sideways trend. The used rough terrain scissor lift category experienced the largest M/M auction value decrease at 11.78%, and also had the largest YOY decrease at 13.82%. U.S. Used Tractors 100 Horsepower and Greater Inventory levels of U.S. used tractors 100 horsepower and greater declined 2.5% M/M and 0.66% YOY in May, following a downward trend. The used 100- to 174-HP tractor category had the largest impact on this market, with inventory falling 4.8% M/M and 9.59% YOY. Asking values decreased 1.88% M/M and 6.41% YOY and are trending downward. The used high-horsepower tractor category (tractors 300 HP and greater) showed both the largest M/M asking value decrease, down 2.94%, and the largest YOY decrease, down 6.63%. Despite auction values falling 2.09% M/M and 4.1% YOY in May, they are on a sideways trend. Sandhills observed the largest M/M decrease in the used high-HP tractor category, down 3.21%, and the most significant YOY decrease in the used 175- to 299-HP tractor category, down 3.84%. The EVI spread, which measures the percentage difference between asking and auction values, maintained at 38%, still slightly lower than peak values observed in 2015. U.S. Used Combines Inventory levels of used combine harvesters decreased by 0.11% M/M in May and were down 5.54% compared to year-ago levels. Despite the decline, this market is trending up. Asking values maintained an upward trend, rising 0.95% M/M and 0.15% YOY in May. Auction values continued a five-month upward trend in May, increasing 2.43% M/M and 7.71% YOY. The EVI spread continued to fall, reaching 42%, which is lower than peak values observed in 2015. U.S. Used Sprayers Inventory levels of U.S. used sprayers on Sandhill platforms have maintained a downward trend. In May, inventory decreased by 3.34% M/M and 5.22% YOY. Asking values for used sprayers are trending downward, with decreases of 2.09% M/M and 5.79% YOY in May. Auction values for used sprayers are following a steady trend but dipped 2.26% M/M and 3.7% YOY in May. The EVI spread 43%, only slightly lower than peak values from 2015. U.S. Used Planters Inventory levels of U.S. used planters on Sandhills platforms are trending downward. In May, inventory decreased by 3.7% M/M and 13.49% YOY. Asking values in this market have maintained a steady trend. However, asking values decreased by 3.54% M/M and 2.04% YOY in May. Auction values are also trending sideways, decreasing by 6.13% M/M but increasing by 6.70% YOY in May. The EVI spread increased to 55%, still lower than peak values observed in 2015. U.S. Used Compact and Utility Tractors Inventory levels of U.S. used compact and utility tractors on Sandhills platforms have been trending downward for seven months in a row. Inventory levels dropped 3.8% M/M and 24.06% YOY in May. The used less-than-40-HP tractor category exerted the greatest influence on inventory levels, with decreases of 5.62% M/M and 27.74% YOY. Asking values continued an upward trend, posting a slight 0.11% M/M increase and 1.18% YOY decrease. The used 40- to 99-HP tractor category showed the largest YOY decrease at 3.26%. Auction values showed a marginal 0.4% M/M decrease and a 0.3% YOY increase and are trending sideways. The used less-than-40-horsepower tractor category had the largest YOY decrease at 1.69%. Obtain the Full ReportsFor more information or to receive detailed analysis from Sandhills Global, contact us at marketreports@ About Sandhills GlobalSandhills Global is an information processing company headquartered in Lincoln, Nebraska. Our products and services gather, process, and distribute information through 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 IndexThe 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 and other industry-specific equipment platforms. Powered by Value Insight Portal (VIP), Sandhills' proprietary asset valuation tool, Sandhills EVI provides useful insights into the ever-changing supply-and-demand conditions for each industry. Contact View original content to download multimedia: SOURCE Sandhills Global Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
Used Aircraft Asking Values Dipped Lower in April Across All Categories
LINCOLN, Neb., May 7, 2025 /PRNewswire/ -- New Sandhills Global aviation market reports show inventory levels of used piston single and turboprop aircraft on Sandhills platforms continuing to climb in April, following monthly increases that began in March. Improvements such as these are typical for this time of year following seasonal drawdowns that occur at the end of the calendar year. Meanwhile, asking values showed monthly declines across all aircraft categories in April. U.S. and Canada Used Piston Single Aircraft •Inventory levels in the used piston single aircraft market are trending steady. In April, inventory levels increased by 3.38% M/M but were 18.95% lower YOY. •Asking prices continued a steady trend in April, with decreases of 0.23% M/M and 0.54% YOY. "While asking prices uniformly dipped lower across Sandhills' used aircraft categories in April, trend lines are mixed," says Controller Department Manager Terrin Mohl. "Used jet asking prices have been decreasing and trending lower for months, while asking prices for used piston single aircraft are holding a steady trend despite minor monthly and yearly decreases in April. And asking prices for used turboprops shifted from several months of upward trends to a downward trend in April. It's important that sellers track these trends carefully and price their aircraft competitively." Sandhills' aviation products include Controller, Controller EMEA, Executive Controller, Charter Hub, Aviation Trader, Aircraft Cost Calculator, and AircraftEvaluator. AircraftEvaluator is Sandhills' proprietary asset valuation tool for all types of aircraft, built using the same technology behind Value Insight Portal (VIP). Widely used and trusted across equipment, truck, and trailer industries, VIP identifies asset values with unparalleled accuracy. The key metric 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. Additional Market Report Takeaways This report includes detailed analyses of asking values and inventory trends in used aircraft markets, along with charts that help readers visualize the data. It describes and quantifies important trends in the buying and selling of used jet, piston single, turboprop, and Robinson piston helicopter aircraft. Global Used Jet Aircraft
