Owning and operating the premier online marketplaces for new and used commercial trucks and trailers, construction machinery, ag equipment, and aircraft, Sandhills Global is in a unique position to compile data and track important indicators across multiple industries. In addition to its vast stores of retail sales, auction sales, and inventory data across time, Sandhills possesses the data science expertise to analyze this information from numerous angles. What does this mean for you? Key industry insights direct from Sandhills can help you make well-reasoned business decisions based not only on the current state of the used market, but also with an eye toward where the market is headed.
Auction Value
Market Value
REAL-WORLD PRICING
It all starts with FleetEvaluator, the most advanced and accurate asset valuation tool in the industry. FleetEvaluator taps into the constantly expanding trove of retail and auction sale data from trade sites such as MachineryTrader.com, TruckPaper.com, TractorHouse.com, and AuctionTime.com, in addition to pulling in data from dozens of market sources. Sandhills actively collects public sale prices from auction and retail deals across the nation, and purges the data of inconsistencies and outliers. “We have a very stable and standardized dataset of used equipment for sale on our sites, and we invest so much in making sure this is classified correctly: category, make, model,” says Sandhills Data Analytics Manager Jared Roberts. “Then, we can break it down not just by age and mileage, but all the way down to certain specs. ” Sandhills’ data scientists further refine this cleaned data by factoring in more than 60 market influences, including the geographic location of each piece, seasonal cycles, options, and attachments. As a result, FleetEvaluator valuations are easily the most precise in the industry.
PEEK INTO THE FUTURE
FleetEvaluator is able to predict future market conditions because the technology behind it references real-time, real-world data points, while instantly referencing historic trends and current values based on health-of-the-market circumstances. These include things like supply and demand, interest rates, foreign policy, commodity prices, and economic indicators that directly and indirectly impact market demand and value for a given asset. These predictive technologies enable TelematicsPlus to graph out peaks and declines up to a year into the future.
MAKE DATA-DRIVEN PRICING DECISIONS
FleetEvaluator valuation accounts for current and historic market trends, such as present-day economic conditions, up-to-date auction and retail pricing, and a multitude of industry- and market-specific factors. And because auction and retail market values for a given machine can be very different, TelematicsPlus displays both values. That way you can make a more informed decision when disposing of an asset. Of course, no one can predict the impact of major events such as the COVID-19 pandemic, but Sandhills’ painstakingly cleaned data set, cutting-edge data science, and expert analysis constitute a firm foundation that decision-makers can rely on.