Latest News, Features & Events from TractorHouse.com
HEAVY-DUTY CONSTRUCTION EQUIPMENT
Inventory levels have been trending up for nine months in a row in used heavy-duty construction market. Inventory levels dipped 1.85% lower M/M but were 19.26% higher than year-ago levels in October. These increases were primarily driven by the wheel loader category, with inventory up 35.85% YOY.
Asking values have been trending down for seven months. This continued in October with decreases of 2.36% M/M and 5.82% YOY.
Auction values have been falling faster than asking values. Continuing a seven-month-long downward trend, auction values fell 2.15% M/M and 10.29% YOY in October.
Used Medium-Duty Construction Equipment Market Minute Video
"You can see that prices are starting to rebound over the last couple of months. This has provided a lot of optimism for sellers," says Machinery Trader Manager Matt Sterup. Watch the video for more key highlights.
Inventory levels continued a steady trend in this market, which includes used skid steers, loader backhoes, and mini excavators. Inventory levels were down 3.34% M/M and up 26.58% YOY in October.
Continuing a downward trend for the seventh consecutive month, asking values ticked up 0.3% M/M but fell 5.34% YOY.
Auction values have been falling faster than asking values. Continuing a seven-month-long downward trend, auction values fell 2.15% M/M and 10.29% YOY in October.
To sign up for monthly market reports, please click here.
Don’t miss good deals on auctions! Understand your buying power before participating in live or online auctions by applying for equipment financing with CurrencyFinance.
This message was sent to xxx@ureader.com. To ensure future delivery of messages to your inbox, please add us to your safe sender list or address book. Can't see this email?
