Latest news with #EVI
The Diplomat
08-08-2025
- Business
- The Diplomat
Nepal's LDC Graduation Masks Deep Economic Fragility
The Himalayan country will move up to developing country status from its current status as a Least Developed Country in November 2026. Nepali Prime Minister K P Sharma Oli called it 'a matter of pride' — proof that Nepal is moving 'towards self-reliance.' But the reality is more sobering. Oli was referring to the country's impending November 2026 bump up to developing country status, from the current recognition as a Least Developed Country (LDC). Landlocked Nepal has been an LDC since the United Nations created the label in 1971 to bolster international support for the most disadvantaged member states. There are three criteria for LDC graduation: per capita income, Human Assets Index (HAI), and Economic and Environmental Vulnerability Index (EVI). To graduate, countries must meet two of the three criteria at two consecutive U.N. triennial reviews. Nepal has now exceeded the thresholds for graduation on two criteria — the HAI and the EVI — on three consecutive occasions: 2015, 2018, and 2021. Next year, Nepal will be the first country to graduate without meeting the per capita income criterion. During the last review in 2021, its per capita income was $1,027 compared to the requirement of $1,222. In 2015 and again in 2018, Nepal turned down the chance to graduate, citing the continuing impact of the 2015 earthquakes, as the country was not in a position to bear the added responsibilities of graduation. Graduation comes with its own set of challenges. After November 2026, due to higher tariffs, the country's exports could go down. Nepal will no longer be eligible for grants and soft loans reserved for LDCs. Multilateral institutions like the World Bank and the Asian Development Bank (ADB) will also rethink their soft loans and grants, making them less concessionary, and loan repayment times will be shorter. This is vital as aid from multilateral institutions makes for the bulk of Nepal's foreign aid, contributing 60-65 percent of the total aid disbursement in 2023/24, with the ADB being the largest provider. To take just one example of the kind of challenges Nepal will face, the World Bank has already increased its annual interest on loans to the country, from 0.75 percent to 1.5 percent. The maturity period on such loans has been cut from 40 years to 30 years. But most of the bilateral funds will be unaffected, as such funds rely more on individual interests of donor countries than specific U.N. criteria. The problem for Nepal is that it has failed to develop a robust base for sustainable economic growth and development, which is partly why it is reliant on foreign aid. Many Nepalis struggle to make sense of the fact that while India and China, Nepal's two neighbors, have consistently grown at over 5 percent over the past decade, Nepal, from a much lower economic base, has only managed an average of 4.3 percent growth in the same time. Nepal's impending graduation is attributed to the country's success in health and education measures. There has, for instance, been tangible progress in cutting maternal and infant mortality and in increasing enrollment in secondary education. Yet most Nepalis still cannot access quality healthcare and education. Most of the annual national budget goes unspent, while what little gets spent is nearly always wasted. Corruption is high, and service delivery is substandard. People aren't convinced their lives are improving in any important way. In fact, the national economy could have collapsed were it not for inbound remittance, which continues to break records year after year. In 2024, the country received nearly $14.19 billion in remittances. According to the World Bank, Nepal's growth model is heavily reliant on remittances and tourism, and as such a slowdown in partner countries' growth could result in a decline in both remittances and tourism, further hindering economic growth. The prime minister says that as a developing country, Nepal will attract quality investment. But there are no such indicators. Nepal remains a poor place to invest, with onerous laws hampering businesses. Tellingly, people don't trust the current crop of leaders with economic growth and development. These leaders have ruled the country repeatedly since the 1990 political changes. They have been tried, tested — and found wanting. The little development Nepal has seen is not because of its top leaders but despite them. As such, the level of frustration is high, which is also reflected in the high exodus of Nepali youth. Over 850,000 Nepalis sought jobs overseas in 2024. Currently, over 7 million young people have been living abroad for over five years, which, along with other absentees, represents about 23 percent of the country's total population. Oli won't miss any chance to gloat about his own greatness and to make tall promises. He has in the past vowed that landlocked Nepal would have its own ships on the high seas and there would be piped gas to all Nepali homes. Such promises, when not followed through, only add to public frustration. Nepal's graduation from the LDC category might be something to celebrate on paper. But without political will, institutional reform, and a strong economic strategy, it risks becoming a hollow milestone.
Business Wire
04-08-2025
- Business
- Business Wire
EVI Industries Completes Acquisition of ASN Laundry Group
MIAMI--(BUSINESS WIRE)--EVI Industries, Inc. (NYSE American: 'EVI' or the 'Company') announced today that it simultaneously executed a definitive asset purchase agreement and completed the acquisition of ASN Laundry Group ('ASN'), a New York-based distributor of commercial laundry products and a provider of related technical installation and maintenance services. ASN is EVI's 31 st acquisition in the commercial laundry distribution and service industry. The addition of ASN increases EVI's presence and market share in the state of New York and will enable the Company to provide increased customer service. Henry M. Nahmad, EVI's Chairman and Chief Executive Officer, commented: 'This acquisition is about more than expanding our footprint—it is about investing in people. Customers do not buy brands; they buy trust, relationships, and expertise. By bringing together the entrepreneurial spirit of thirty-one family-owned businesses, the salespeople, technicians, and specialists who make those solutions real, and the most comprehensive portfolio of commercial laundry products in North America, we are the only company capable of delivering any solution our customers need. Our strategy empowers our distributors to do what they do best: help customers plan, build, and grow with confidence.' EVI's Buy and Build Philosophy Key components of EVI's buy-and-build strategy include: Identify and partner with great businesses led by influential leaders, Retain the leadership team, honor the company culture and empower them, Collaborate on new and transformative ideas to foster a spirit of growth and innovation, Pursue aggressive growth plans and help the leadership team achieve their goals, and Create an ownership culture by motivating the team with long-term equity. About EVI Industries EVI Industries, Inc., through its wholly owned subsidiaries, is a value-added distributor and a provider of advisory and technical services. Through its vast sales organization, the Company provides its customers with planning, designing, and consulting services related to their commercial laundry operations. The Company sells and/or leases its customers commercial laundry equipment, specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. In support of the suite of products it offers, the Company sells related parts and accessories. Additionally, through the Company's robust network of commercial laundry technicians, the Company provides its customers with installation, maintenance, and repair services. The Company's customers include retail, commercial, industrial, institutional, and government customers. Purchases made by customers range from parts and accessories to single or multiple units of equipment, to large complex systems as well as the purchase of the Company's installation, maintenance, and repair services. Forward-Looking Statements Except for the historical matters contained herein, statements in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to a number of known and unknown risks and uncertainties that may cause actual results, trends, performance or achievements of EVI Industries, or industry trends and results, to differ from the future results, trends, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, among others, that the acquisition of ASN may not be accretive to EVI Industries earnings or otherwise have a positive impact on EVI Industries operating results or financial condition to the extent anticipated or at all, integration risks, risks related to the business, operations, and prospects of ASN and EVI Industries plans with respect thereto. Reference is also made to other economic, competitive, governmental, technological and other risks and factors discussed in EVI Industries filings with the Securities and Exchange Commission, including, without limitation, those disclosed in the 'Risk Factors' section of Amendment No. 1 to EVI's Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the SEC on September 13, 2024. Many of these risks and factors are beyond EVI Industries control. In addition, past performance and perceived trends may not be indicative of future results. EVI Industries cautions that the foregoing factors are not exclusive. The reader should not place undue reliance on any forward-looking statement, which speaks only as of the date made. EVI Industries does not undertake to, and specifically disclaims any obligation to, update or supplement any forward-looking statement, whether as a result of changes in circumstances, new information, subsequent events or otherwise, except as may be required by law.
Malaysian Reserve
04-06-2025
- Business
- Malaysian Reserve
Economic Uncertainty Continues as Inventory Levels Rise Across Truck and Construction Equipment Markets
LINCOLN, Neb., June 4, 2025 /PRNewswire/ — New Sandhills Global market reports show inventory levels rising month over month for U.S. used truck, semi-trailer, and construction equipment markets on Sandhills platforms, which include and Inventory levels in the used heavy-duty truck and semi-trailer markets are trending sideways despite monthly increases. However, used medium-duty truck inventory levels are continuing a steady upward trend, while asking and auction values remain on a downward trend. 'Uncertainty has filled the truck market,' says Truck Paper Manager Scott Lubischer. 'Dealers are selling trucks not because they are upgrades, but because people still need to operate. Dealers are lowering prices to drive sales, but they are feeling the effects of slowed port activity, lower freight volumes, and tariffs.' In the used heavy- and medium-duty construction equipment markets, Sandhills has observed inventory levels trending downward despite small monthly upticks in May. Asking prices and auction values dipped lower across all used construction equipment markets; trend lines are holding steady, but if value drops persist, they may also shift trend lines downward. 'Used equipment dealers are navigating a mixed market,' says Director of North America Construction Stephanie Olberding. 'Seasonal drops in demand have contributed to the slight heavy-duty construction inventory increases noted in the May reports.' The key metric in all of Sandhills' market reports is the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the information in the Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions. The Sandhills EVI data include equipment available in auction and retail markets and model-year equipment actively in use. EVI spread measures the percentage difference between asking and auction values. Additional Market Report TakeawaysSandhills market reports highlight the most significant changes in Sandhills' used heavy-duty truck, semi-trailer, farm machinery, and construction equipment markets. Key points from the current reports are listed below. Full reports are available upon request. U.S. Heavy-Duty Trucks Inventory levels in this market rose 3.9% month over month in May and fell 21.83% year over year, but maintained a steady trend. Used sleeper trucks led other categories in inventory level changes, both M/M, with a 6.38% increase, and YOY, with a 35.37% decrease. Asking values in this market have also been trending sideways, with a marginal 0.19% increase M/M and a 2.51% decrease YOY in May. The used sleeper truck category had the largest M/M asking value increase at 1.29%, while used day cab trucks had the largest YOY decrease at 5.62%. Auction values posted small increases of 0.67% M/M and 0.38% YOY in May and are trending upward. Used sleeper trucks led other categories in M/M auction value increases, up 2.63%, while used day cab trucks posted the largest YOY auction value drop at 7.10%. U.S. Used Semi-Trailers Inventory levels in the U.S. used semi-trailer market have maintained a steady trend. In May, inventory increased by 3.41% M/M, but was 11.2% lower than year-ago levels. The used reefer trailer category showed the largest M/M inventory increase at 10.49%, while used dry van trailers had the largest per-category YOY decrease at 18.29%. Asking values are trending up, with a 0.91% M/M increase and a 2.92% YOY decrease in May. The used reefer trailer category drove M/M asking value increases with a 6.31% jump. The used flatbed trailer category led in YOY asking value decreases, down 4.05%. Although auction values decreased by 0.81% M/M in May, they increased 2.05% YOY and are trending up. Notably, used dry van trailers showed the largest M/M auction value decrease at 5.31%, and used flatbed trailers had the largest YOY increase at 3.67%. U.S. Used Medium-Duty Trucks Inventory levels in the U.S. used medium-duty trucks market continue to trend upward. In May, inventory was up 1.83% M/M and 25.79% YOY. The used moving box truck category posted the largest M/M inventory increase at 19.51%, while used reefer box trucks had the largest per-category YOY inventory increase at 85.92%. Asking and auction values in this market have been trending downward for nine months. In May, asking values declined 0.97% M/M and 2.83% YOY, led by decreases in the used stake truck category, down 5.62% M/M, and the used moving truck category, down 7.86% YOY. Auction values decreased by 0.55% M/M and 1.73% YOY in May. Category leaders were used stake trucks, with auction values decreasing 5.89% M/M, and used reefer box trucks, with auction values down 6.84% YOY. U.S. Used Heavy-Duty Construction Equipment Inventory levels in this market have been trending downward for five months. In May, inventory levels increased by 1.23% M/M but were down 2.52% YOY. The used wheel loader category exhibited the largest M/M inventory increase at 1.7%, while used crawler excavators posted the largest YOY inventory decrease at 5.83%. Asking values are on a steady trend despite decreases of 1.9% M/M and 3.91% YOY in May. Used dozers led other categories in M/M asking value decreases at 2.46%, while used crawler excavators led other categories in YOY asking value decreases at 5.11%. Auction values are also trending sideways, with decreases of 0.69% M/M and 1.4% YOY in May. The used dozer category posted the largest M/M auction value decrease at 1.85%, while used wheel loaders had the largest per-category YOY auction value decrease at 5.42%. U.S. Used Medium-Duty Construction Equipment Inventory levels in the U.S. used medium-duty construction market are trending down, with a 0.48% increase M/M, and a 2.06% decrease YOY in May. Used wheeled skid steers showed the largest M/M inventory increase at 4.85%, while used mini excavators exhibited the largest YOY inventory decrease at 11.98%. Asking values in this market are trending sideways, with a 0.92% decrease M/M and a 3.05% decrease YOY. The used loader backhoes category showed the largest M/M asking value decrease at 1.8%, while used track skid steers exhibited the largest YOY asking value decrease at 4.69%. Auction values are trending up despite May decreases of 0.81% M/M and 0.82% YOY. The used loader backhoes category showed the largest M/M auction value decrease at 2.6% and the largest YOY auction value decrease at 3.29%. U.S. Used Lifts Inventory levels in the U.S. used lifts market have been trending upward, despite a slight decrease of 0.52% M/M in May, and are 14.3% higher YOY. The used pneumatic-tire forklift category exhibited the largest M/M inventory increase at 8.1%, while the used rough terrain scissor lift category showed the most significant YOY inventory growth at 31.89%. Asking values in this market decreased by 0.95% M/M and 8.16% YOY, maintaining a downward trend. The used rough terrain scissor lift category posted the largest M/M asking value decrease at 2.81%, and also showed the steepest YOY decline at 16.67%. Auction values decreased by 3.53% M/M and 7.04% YOY in May but kept a sideways trend. The used rough terrain scissor lift category experienced the largest M/M auction value decrease at 11.78%, and also had the largest YOY decrease at 13.82%. U.S. Used Tractors 100 Horsepower and Greater Inventory levels of U.S. used tractors 100 horsepower and greater declined 2.5% M/M and 0.66% YOY in May, following a downward trend. The used 100- to 174-HP tractor category had the largest impact on this market, with inventory falling 4.8% M/M and 9.59% YOY. Asking values decreased 1.88% M/M and 6.41% YOY and are trending downward. The used high-horsepower tractor category (tractors 300 HP and greater) showed both the largest M/M asking value decrease, down 2.94%, and the largest YOY decrease, down 6.63%. Despite auction values falling 2.09% M/M and 4.1% YOY in May, they are on a sideways trend. Sandhills observed the largest M/M decrease in the used high-HP tractor category, down 3.21%, and the most significant YOY decrease in the used 175- to 299-HP tractor category, down 3.84%. The EVI spread, which measures the percentage difference between asking and auction values, maintained at 38%, still slightly lower than peak values observed in 2015. U.S. Used Combines Inventory levels of used combine harvesters decreased by 0.11% M/M in May and were down 5.54% compared to year-ago levels. Despite the decline, this market is trending up. Asking values maintained an upward trend, rising 0.95% M/M and 0.15% YOY in May. Auction values continued a five-month upward trend in May, increasing 2.43% M/M and 7.71% YOY. The EVI spread continued to fall, reaching 42%, which is lower than peak values observed in 2015. U.S. Used Sprayers Inventory levels of U.S. used sprayers on Sandhill platforms have maintained a downward trend. In May, inventory decreased by 3.34% M/M and 5.22% YOY. Asking values for used sprayers are trending downward, with decreases of 2.09% M/M and 5.79% YOY in May. Auction values for used sprayers are following a steady trend but dipped 2.26% M/M and 3.7% YOY in May. The EVI spread 43%, only slightly lower than peak values from 2015. U.S. Used Planters Inventory levels of U.S. used planters on Sandhills platforms are trending downward. In May, inventory decreased by 3.7% M/M and 13.49% YOY. Asking values in this market have maintained a steady trend. However, asking values decreased by 3.54% M/M and 2.04% YOY in May. Auction values are also trending sideways, decreasing by 6.13% M/M but increasing by 6.70% YOY in May. The EVI spread increased to 55%, still lower than peak values observed in 2015. U.S. Used Compact and Utility Tractors Inventory levels of U.S. used compact and utility tractors on Sandhills platforms have been trending downward for seven months in a row. Inventory levels dropped 3.8% M/M and 24.06% YOY in May. The used less-than-40-HP tractor category exerted the greatest influence on inventory levels, with decreases of 5.62% M/M and 27.74% YOY. Asking values continued an upward trend, posting a slight 0.11% M/M increase and 1.18% YOY decrease. The used 40- to 99-HP tractor category showed the largest YOY decrease at 3.26%. Auction values showed a marginal 0.4% M/M decrease and a 0.3% YOY increase and are trending sideways. The used less-than-40-horsepower tractor category had the largest YOY decrease at 1.69%. Obtain the Full ReportsFor more information or to receive detailed analysis from Sandhills Global, contact us at marketreports@ About Sandhills GlobalSandhills Global is an information processing company headquartered in Lincoln, Nebraska. Our products and services gather, process, and distribute information through trade publications, websites, and online services that connect buyers and sellers across the construction, agriculture, forestry, oil and gas, heavy equipment, commercial trucking, and aviation industries. Our integrated, industry-specific approach to hosted technologies and services offers solutions that help businesses large and small operate efficiently and grow securely, cost-effectively, and successfully. Sandhills Global—we are the cloud. About the Sandhills Equipment Value IndexThe Sandhills Equipment Value Index (EVI) is a principal gauge of the estimated market values of used assets—both currently and over time—across the construction, agricultural, and commercial trucking industries represented by Sandhills Global marketplaces, including and other industry-specific equipment platforms. Powered by Value Insight Portal (VIP), Sandhills' proprietary asset valuation tool, Sandhills EVI provides useful insights into the ever-changing supply-and-demand conditions for each industry. Contact
Yahoo
04-06-2025
- Business
- Yahoo
Economic Uncertainty Continues as Inventory Levels Rise Across Truck and Construction Equipment Markets
LINCOLN, Neb., June 4, 2025 /PRNewswire/ -- New Sandhills Global market reports show inventory levels rising month over month for U.S. used truck, semi-trailer, and construction equipment markets on Sandhills platforms, which include and Inventory levels in the used heavy-duty truck and semi-trailer markets are trending sideways despite monthly increases. However, used medium-duty truck inventory levels are continuing a steady upward trend, while asking and auction values remain on a downward trend. "Uncertainty has filled the truck market," says Truck Paper Manager Scott Lubischer. "Dealers are selling trucks not because they are upgrades, but because people still need to operate. Dealers are lowering prices to drive sales, but they are feeling the effects of slowed port activity, lower freight volumes, and tariffs." In the used heavy- and medium-duty construction equipment markets, Sandhills has observed inventory levels trending downward despite small monthly upticks in May. Asking prices and auction values dipped lower across all used construction equipment markets; trend lines are holding steady, but if value drops persist, they may also shift trend lines downward. "Used equipment dealers are navigating a mixed market," says Director of North America Construction Stephanie Olberding. "Seasonal drops in demand have contributed to the slight heavy-duty construction inventory increases noted in the May reports." The key metric in all of Sandhills' market reports is the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the information in the Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions. The Sandhills EVI data include equipment available in auction and retail markets and model-year equipment actively in use. EVI spread measures the percentage difference between asking and auction values. Additional Market Report TakeawaysSandhills market reports highlight the most significant changes in Sandhills' used heavy-duty truck, semi-trailer, farm machinery, and construction equipment markets. Key points from the current reports are listed below. Full reports are available upon request. U.S. Heavy-Duty Trucks Inventory levels in this market rose 3.9% month over month in May and fell 21.83% year over year, but maintained a steady trend. Used sleeper trucks led other categories in inventory level changes, both M/M, with a 6.38% increase, and YOY, with a 35.37% decrease. Asking values in this market have also been trending sideways, with a marginal 0.19% increase M/M and a 2.51% decrease YOY in May. The used sleeper truck category had the largest M/M asking value increase at 1.29%, while used day cab trucks had the largest YOY decrease at 5.62%. Auction values posted small increases of 0.67% M/M and 0.38% YOY in May and are trending upward. Used sleeper trucks led other categories in M/M auction value increases, up 2.63%, while used day cab trucks posted the largest YOY auction value drop at 7.10%. U.S. Used Semi-Trailers Inventory levels in the U.S. used semi-trailer market have maintained a steady trend. In May, inventory increased by 3.41% M/M, but was 11.2% lower than year-ago levels. The used reefer trailer category showed the largest M/M inventory increase at 10.49%, while used dry van trailers had the largest per-category YOY decrease at 18.29%. Asking values are trending up, with a 0.91% M/M increase and a 2.92% YOY decrease in May. The used reefer trailer category drove M/M asking value increases with a 6.31% jump. The used flatbed trailer category led in YOY asking value decreases, down 4.05%. Although auction values decreased by 0.81% M/M in May, they increased 2.05% YOY and are trending up. Notably, used dry van trailers showed the largest M/M auction value decrease at 5.31%, and used flatbed trailers had the largest YOY increase at 3.67%. U.S. Used Medium-Duty Trucks Inventory levels in the U.S. used medium-duty trucks market continue to trend upward. In May, inventory was up 1.83% M/M and 25.79% YOY. The used moving box truck category posted the largest M/M inventory increase at 19.51%, while used reefer box trucks had the largest per-category YOY inventory increase at 85.92%. Asking and auction values in this market have been trending downward for nine months. In May, asking values declined 0.97% M/M and 2.83% YOY, led by decreases in the used stake truck category, down 5.62% M/M, and the used moving truck category, down 7.86% YOY. Auction values decreased by 0.55% M/M and 1.73% YOY in May. Category leaders were used stake trucks, with auction values decreasing 5.89% M/M, and used reefer box trucks, with auction values down 6.84% YOY. U.S. Used Heavy-Duty Construction Equipment Inventory levels in this market have been trending downward for five months. In May, inventory levels increased by 1.23% M/M but were down 2.52% YOY. The used wheel loader category exhibited the largest M/M inventory increase at 1.7%, while used crawler excavators posted the largest YOY inventory decrease at 5.83%. Asking values are on a steady trend despite decreases of 1.9% M/M and 3.91% YOY in May. Used dozers led other categories in M/M asking value decreases at 2.46%, while used crawler excavators led other categories in YOY asking value decreases at 5.11%. Auction values are also trending sideways, with decreases of 0.69% M/M and 1.4% YOY in May. The used dozer category posted the largest M/M auction value decrease at 1.85%, while used wheel loaders had the largest per-category YOY auction value decrease at 5.42%. U.S. Used Medium-Duty Construction Equipment Inventory levels in the U.S. used medium-duty construction market are trending down, with a 0.48% increase M/M, and a 2.06% decrease YOY in May. Used wheeled skid steers showed the largest M/M inventory increase at 4.85%, while used mini excavators exhibited the largest YOY inventory decrease at 11.98%. Asking values in this market are trending sideways, with a 0.92% decrease M/M and a 3.05% decrease YOY. The used loader backhoes category showed the largest M/M asking value decrease at 1.8%, while used track skid steers exhibited the largest YOY asking value decrease at 4.69%. Auction values are trending up despite May decreases of 0.81% M/M and 0.82% YOY. The used loader backhoes category showed the largest M/M auction value decrease at 2.6% and the largest YOY auction value decrease at 3.29%. U.S. Used Lifts Inventory levels in the U.S. used lifts market have been trending upward, despite a slight decrease of 0.52% M/M in May, and are 14.3% higher YOY. The used pneumatic-tire forklift category exhibited the largest M/M inventory increase at 8.1%, while the used rough terrain scissor lift category showed the most significant YOY inventory growth at 31.89%. Asking values in this market decreased by 0.95% M/M and 8.16% YOY, maintaining a downward trend. The used rough terrain scissor lift category posted the largest M/M asking value decrease at 2.81%, and also showed the steepest YOY decline at 16.67%. Auction values decreased by 3.53% M/M and 7.04% YOY in May but kept a sideways trend. The used rough terrain scissor lift category experienced the largest M/M auction value decrease at 11.78%, and also had the largest YOY decrease at 13.82%. U.S. Used Tractors 100 Horsepower and Greater Inventory levels of U.S. used tractors 100 horsepower and greater declined 2.5% M/M and 0.66% YOY in May, following a downward trend. The used 100- to 174-HP tractor category had the largest impact on this market, with inventory falling 4.8% M/M and 9.59% YOY. Asking values decreased 1.88% M/M and 6.41% YOY and are trending downward. The used high-horsepower tractor category (tractors 300 HP and greater) showed both the largest M/M asking value decrease, down 2.94%, and the largest YOY decrease, down 6.63%. Despite auction values falling 2.09% M/M and 4.1% YOY in May, they are on a sideways trend. Sandhills observed the largest M/M decrease in the used high-HP tractor category, down 3.21%, and the most significant YOY decrease in the used 175- to 299-HP tractor category, down 3.84%. The EVI spread, which measures the percentage difference between asking and auction values, maintained at 38%, still slightly lower than peak values observed in 2015. U.S. Used Combines Inventory levels of used combine harvesters decreased by 0.11% M/M in May and were down 5.54% compared to year-ago levels. Despite the decline, this market is trending up. Asking values maintained an upward trend, rising 0.95% M/M and 0.15% YOY in May. Auction values continued a five-month upward trend in May, increasing 2.43% M/M and 7.71% YOY. The EVI spread continued to fall, reaching 42%, which is lower than peak values observed in 2015. U.S. Used Sprayers Inventory levels of U.S. used sprayers on Sandhill platforms have maintained a downward trend. In May, inventory decreased by 3.34% M/M and 5.22% YOY. Asking values for used sprayers are trending downward, with decreases of 2.09% M/M and 5.79% YOY in May. Auction values for used sprayers are following a steady trend but dipped 2.26% M/M and 3.7% YOY in May. The EVI spread 43%, only slightly lower than peak values from 2015. U.S. Used Planters Inventory levels of U.S. used planters on Sandhills platforms are trending downward. In May, inventory decreased by 3.7% M/M and 13.49% YOY. Asking values in this market have maintained a steady trend. However, asking values decreased by 3.54% M/M and 2.04% YOY in May. Auction values are also trending sideways, decreasing by 6.13% M/M but increasing by 6.70% YOY in May. The EVI spread increased to 55%, still lower than peak values observed in 2015. U.S. Used Compact and Utility Tractors Inventory levels of U.S. used compact and utility tractors on Sandhills platforms have been trending downward for seven months in a row. Inventory levels dropped 3.8% M/M and 24.06% YOY in May. The used less-than-40-HP tractor category exerted the greatest influence on inventory levels, with decreases of 5.62% M/M and 27.74% YOY. Asking values continued an upward trend, posting a slight 0.11% M/M increase and 1.18% YOY decrease. The used 40- to 99-HP tractor category showed the largest YOY decrease at 3.26%. Auction values showed a marginal 0.4% M/M decrease and a 0.3% YOY increase and are trending sideways. The used less-than-40-horsepower tractor category had the largest YOY decrease at 1.69%. Obtain the Full ReportsFor more information or to receive detailed analysis from Sandhills Global, contact us at marketreports@ About Sandhills GlobalSandhills Global is an information processing company headquartered in Lincoln, Nebraska. Our products and services gather, process, and distribute information through trade publications, websites, and online services that connect buyers and sellers across the construction, agriculture, forestry, oil and gas, heavy equipment, commercial trucking, and aviation industries. Our integrated, industry-specific approach to hosted technologies and services offers solutions that help businesses large and small operate efficiently and grow securely, cost-effectively, and successfully. Sandhills Global—we are the cloud. About the Sandhills Equipment Value IndexThe Sandhills Equipment Value Index (EVI) is a principal gauge of the estimated market values of used assets—both currently and over time—across the construction, agricultural, and commercial trucking industries represented by Sandhills Global marketplaces, including and other industry-specific equipment platforms. Powered by Value Insight Portal (VIP), Sandhills' proprietary asset valuation tool, Sandhills EVI provides useful insights into the ever-changing supply-and-demand conditions for each industry. Contact View original content to download multimedia: SOURCE Sandhills Global Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Enric Saavedra named Girbau North America Liaison
OSHKOSH, Wis., May 23, 2025 /PRNewswire/ -- Enric Saavedra was recently named Girbau Global Laundry Solutions' (Girbau) international key account director – making him the main point of contact between Girbau and Girbau North America (GNA). Acting as a liaison, Saavedra facilitates communication and collaboration between the companies, ensuring information flows effectively and that both companies understand each other's needs and goals, according to GNA President Mike Floyd. "Enric's not only qualified to do this job, he's been a longtime supporter of GNA and the business we do here," said Floyd. "He's worked our 'Clean' shows, interfaced with our distributors, met with our customers and understands our markets. He's truly committed to growing North American sales." Saavedra, who joined Girbau in 2009, served as business development manager for 11 years before becoming APAC regional business leader in 2020. In his new role, he focuses on global accounts, of which GNA is the largest. "Girbau's commitment to the North American market is a top priority," said Saavedra. "We expect our collaboration to expand distribution and lead us into developing new, high-quality laundry solutions with speed and precision." he said. As an EVI Industries Inc. (EVI) company, GNA is stronger than it's ever been, according to Vice President of Sales Joel Jorgensen. "Enric will help us to develop new products for specific niche markets and fill gaps in offerings and capabilities to grow overall sales," he said. GNA is well-positioned for the future, Jorgensen added. "During a time when many other manufacturers are going direct, GNA and EVI believe in the value of distributors and the support they provide to end users," he said. "We are closer to the market now more than ever because we are in distribution along with our independent and EVI distributors across North America." To learn more about GNA's products, services or career opportunities, visit or call 800-256-1073. Media ContactTari AlbrightDirector of Marketing Communicationstalbright@ About Girbau North America – an EVI Industries Inc. Strategic Laundry Solutions CompanyGirbau North America, in Oshkosh, Wis., is a comprehensive strategic laundry solutions company serving the vended, commercial and industrial laundry and textile care markets throughout North America. Services under the GNA umbrella include customer marketing via Girbau Creative Services (GCS); financing through CustomSelect; and distribution through partner distributors and Continental Girbau West (CG West), which serves Arizona, New Mexico and Southern California. GNA also provides product warehousing for quick availability, parts for most brands, technical service assistance, customer care and the industry's most comprehensive offering of commercial laundry solutions to customers throughout North America. GNA brands include: • Continental Girbau® • Girbau Industrial® • Poseidon Textile Care Systems® • Express Laundry Centers® • Sports Laundry Systems® • OnePress® About EVI Industries through its wholly owned subsidiaries, is a value-added distributor and a provider of advisory and technical services. Through its vast sales organization, the EVI provides customers with planning, designing, and consulting services related to their commercial laundry operations. EVI sells and/or leases its customers commercial laundry equipment, specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. In support of the suite of products it offers, EVI sells related parts and accessories. Additionally, through EVI's robust network of commercial laundry technicians, it provides its customers with installation, maintenance and repair services. EVI's customers include retail, commercial, industrial, institutional and government customers. Purchases made by customers range from parts and accessories to single or multiple units of equipment, to large complex systems as well as the purchase of EVI's installation, maintenance, and repair services. View original content to download multimedia: SOURCE Girbau North America Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
