EquipmentWatch just rolled out it’s inaugural State of the Construction Equipment Economy report. Following is an direct exert from the report itself, “It has been no secret that since the start of the pandemic equipment manufacturers have faced challenges similar to other industries, such as auto and commercial trucking, in terms of supply chain disruptions…
Easter, alongside Christmas, Thanksgiving and Mother’s Day, is perhaps the most celebrated holidays around the world. And as the Easter season gets well on its way, now is the time for Lent, the preparation period where those in a particular religious sector “give up” or “do away” with something that’s really important to them in…
Thanks to a new revenue sharing business model recently created by EHE Auctions, heavy equipment dealers, rental companies, contractors and marketers will share in the net profits captured through asset disposition. “We’re creating a revenue-sharing initiative for equipment sellers, retailers, dealers, rental companies and marketers,” said Milissa Wise, Director of Operations for Expert Heavy Equipment, the parent…
Let’s face it: When you want or need heavy equipment, you want the absolute best there is to offer, and at the right price. And for many, especially in the GCC region, the upcoming Construction Machinery Show, is the place to be, which is the largest dedicated event for heavy machinery and construction equipment in…
The 2014 Winter Olympics have officially begun in Sochi, Russia, where countries from around the world send representatives in the form of athletes to compete and put their bid in for being the best to offer in a particular event or category. The atmosphere is unlike anything most people can imagine. But what’s really ironic…
According to a recent study conducted by Dow Jones, only 1.3 percent of privately held companies have a female founder, but thanks to Expert Heavy Equipment (EHE) Owner Milissa Wise, female entrepreneurs will now be able to get the personal mentorship in an effort to break those glass ceilings. Wise, who is also Director of Operations for…
Equipment Watch recently released market data concerning average resale age on used heavy construction equipment. The information which evaluates information for the continental United States, indicates there are some significant differences in average age on equipment being resold versus through auctions. For example, the average age for resale on a wheel loader is 7.4 years…
Demand for rented machines, such as this boom lift, has rental fleets gradually replacing units. As construction continues its slow recovery, sales of new construction machines are expected to remain muted next year, with flat to slightly positive movement in 2013, analysts say. The market expects rental companies and dealers that operate rental lots to…
As reported by Nathan Medcalf , the editor of Equipment Journal, Canada’s business-to-business newspaper that focuses on the construction, material handling mining and forestry industries. What are current construction equipment trends? Current equipment trends include: Rented equipment is becoming a larger portion of an end-user’s fleet; End-users and rental companies are replenishing their fleets after…
As reported in the November 23, 2013 Rouse Rental Report, ‘October Auction results up 3.1% vs. September FLV values’. October sales of auction and rental equipment tracked by Rouse averaged 3.1% higher than Rouse September FLV values. Rouse recorded 3,326 units that sold at 35 separate auction sales conducted across North America. The units represented…
