2021 Outlook on Used Construction Equipment Pricing

As with most industries, companies are adjusting and evolving due to the change in business directly related to Covid-19. This along with national and global economic factors have destabilized the market. Even publicly traded companies like United Rentals are in a position of improvisation in terms pricing and disposal of used heavy equipment. The market…

Why You Can’t Afford Not to Buy Used Machinery through EHE

  With so many choices in buying used heavy equipment, finding the right machine can be a challenge.  Unless you are purchasing new through a dealership, there are many risks. So what makes Expert Heavy Equipment (EHE) different? We educate the buyer on the current market values by sharing Equipment Watch data. This gives our…

CASE 580 BACKHOE WINS 2017 HIGHEST RETAINED VALUE AWARD

Equipment Watch announced their 2017 winners for the ‘Highest Retained Value Award’. For the backhoe category, CASE beat out the heavily branded CAT 420. The complete list of finalists that were evaluated were the following: JCB 3C CATERPILLAR 420 NEW HOLLAND B95 DEERE 310 TEREX TLB840 The winners were solely based on historical market data and…

How to Qualify a Buyer To Ensure You Don’t Waste Your Time

Often times, buyers don’t realize or think about the actual salesperson’s time.  The buyer can unknowingly waste the salesperson’s time; not realizing they could be only commission based. So how can you reduce the risk of your time being wasted? In sales, the buyer is not the only one who should be making a decision.…

Ritchie Bros is Officially Taking Over

2016 was a very busy year for Ritchie Bros.  Here is a recap of their corporate acquisitions last year: In the 3rd Qtr, Ritchie Bros acquired Ironplanet for $758.5M.  “Together with IronPlanet, we will create a combined company of trusted brands with the ability to provide customers around the world with a greater number of…

How to Buy Heavy Equipment Safely & Avoid Unethical Sellers

If you are in the market to buy a machine online there are two things you need to consider: Buy the machine(s) you need from an ethical seller. Determine what the current market values so you don’t overpay. The second point is driven specifically from the first point.  If you buy a machine from an…

How Can You Determine the Fair Market Values on Used Heavy Equipment?

Many people are running into the same problems when trying to find the right price for used heavy equipment. Online pricing is confusing, because 99% does not represent the actual sale prices…..only ask prices. With no pricing resource, how do you know you’re making the right decision when purchasing or selling used heavy machinery? There…