Elevated Forklift Inventory Levels Continue To Suppress Auction Values

The new Sandhills Global market report covering August data for used forklifts on LiftsToday.com and other Sandhills platforms shows sideways trends in asking values and downward pressure on auction prices.

Inventory levels in this market have been trending upward for seven months, with a decrease of 3.18% month-to-month and an increase of 27.67% year-over-year in August. The used cushion tire forklift category exhibited the largest M/M inventory decrease and the largest YOY increase.

According to Sales Manager Matt Sterup, “Overall, forklift inventory is growing. This is putting pressure on asking and especially auction prices.” Watch our video to learn how used cushion tire models and pneumatic-tire forklifts are leading asking and auction value trends in the lift market.

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