Oppenheimer: May Sees Lower Inventories for Used Farm, Construction and Truck Equipment
Oppenheimer, citing the Sandhills report, found that used equipment inventories fell in May across agriculture, construction and medium- and heavy-duty trucks. Tractor inventories dropped both month-over-month and year-over-year, with varied declines by horsepower class. Asking and auction price trends diverged in places, and spreads between asking…