Used Aerial Lift Inventory Rebounds, Sends Prices Down

Before the pandemic, aerial lift inventory was high, but quickly bottomed out as COVID peaked. The steep decline in boom lift, telehandler, and other aerial lift inventory sent prices at both retail and auction skyrocketing. As the pandemic receded, inventory began to recover and continues to rise quickly. The increased inventory has sent prices back down, most notably at auction, but retail is catching up.

Watch our latest video from LiftsToday Manager Matt Sterup for additional insights into changes in used aerial lift inventory levels and the impact on pricing.

Used Aerial Lifts Market Report Video

“When COVID hit, inventory went down, and pricing shot up. That change was led by auction values, which is what we see today as well,” says Sterup. “We usually see a lapse of about 90 to 120 days between an auction change and the response from the retail side. Prices peaked in 2022. Since then, they have come down hard. Auction values are down roughly 12.6% year-over-year and retail values are down 8.1%.”

“Telehandlers, in particular, have seen a big jump in inventory from one year to the next,” says Sterup. “There has been a 62% increase in inventory from this time last year and there was a 4.7% spike month-to-month, which means there’s still a lot of inventory coming into the market into Q4. Auction values are down 11% and asking values are down 8.6%. As auction values continue to drop at a faster rate than retail, it’s going to put some strain on our sellers.”

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