Wall Street Journal reported today that China is ramping up increased demand for steel, equipment and other materials used in construction. This information is also validated with a recent post we made concerning the mining industry. After disastrous results the first two quarters of 2013, Chinese steel prices are beginning to rebound. In addition the…
Equipment Watch released their 2nd QTR 2013 Auction Results on Crawler Mounted Hydraulic Excavators. During these last few months, there was an interesting shift in the pricing when Komatsu upset Caterpillar as the manufacturer with the HIGHEST average unit sale price. Caterpillar has maintained this position for nearly two years previous to the change. Contributors…
There is no question that in today’s global economy, China’s behavior affects the rest of the world. This is especially true for mining companies whose business depends on China’s demand for commodities. So what happens with China’s rate of economic growth slows down? Both commodity prices and corporate investment decisions are directly affected. According to…
Equipment Watch released their most recent market data reviewing the different segments on Auctions for 2013. Based on the data they provided, the average unit sales prices began plateauing in June – July time-frame. In addition, after experiencing a full year of price decreases, the Komatsu wheel loader had a notable price increase in Q1…
The data below represents the most recent 6 months ranking by Alexa Internet. Alexa Internet, Inc. is a California based subsidiary company of Amazon.com which provides commercial web traffic data. As you can see from the graph below from Alexa, Proxibid has more traffic than both Ritchie Bros, Ironplanet and Auctiontime. SO WHY WOULD YOU…
Equipwatch released a report reflecting the trends within the Resale Market for the first Q1 & Q2 2013. In the beginning of the year, from January – February, there was a slight increase. However, from February to March there was a significant drop in resale prices. The report suggests that the price volatility is primarily…
Why is this Important Information for YOU? 1st and 2nd QTRs – 2013 showed a steady increase in auction sales. Data from Equipment Watch shows a 20% increase in total sales prices and only a 1% in volume, PROVING that auctions are DRIVING the sales prices UP due to the global demand. How Can YOU…
Newer, tier 4 equipment is more expensive to manufacture, which could reduce the overall demand. However, it is very likely that restrictions will be implemented that require this rating on equipment concerning government related contracts Tier 4 engines will need to be de-tiered to be usable in most markets outside the U.S.—the U.S. is currently…
According to Research and Markets, heavy construction equipment is witnessing decent growth based on heavy investments done in the infrastructure recreation to accommodate smart residential and commercial buildings. The emerging markets in South America and Asia-Pacific are witnessing strong demand for heavy construction equipment and large investments are made in these regions. The global infrastructure…
Listed below are a few other categories for making the top of the list for new and used dozers from 2011-2012: Top financed new dozer: Caterpillar D6T XL (222 units) Top financed used dozer: Caterpillar D8T (314 units) Top dozer buying states: Texas (3,610 units) Oklahoma (1,438 units) Arkansas (1,107 units) Top dozer construction buyer…
