Used Forklift Inventory Levels Increase, Asking & Auction Values Continue Decline

The new Sandhills Global market report covering October data for used forklifts on LiftsToday.com and other Sandhills platforms shows that used forklift inventory levels rose for the ninth consecutive month, while asking and auction values continue to decline.

Inventory levels in this market have been climbing for nine consecutive months. In October, that trend continued with a 0.83% month-to-month increase and a 29.07% increase year over year, with used pneumatic-tire forklifts seeing the highest increases M/M and YOY.

“Forklift sales have shown a noticeable increase over the past six to eight weeks. While activity slowed during the summer months, demand has recently gained momentum and is trending positively. There remains a substantial amount of inventory in the market,” says Sales Manager Matt Sterup.

Watch our video to learn how increases in used forklift inventory have led to decreases in asking and auction values for used pneumatic-tire and cushion-tire forklifts.

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