Equipment Watch recently released resale data for the month of December 2013. The data breaks down the resale price differential. Based on the photo, it appears that North Dakota, New Mexico and Alabama are demonstrating the highest resale prices across the United States. As it pertains to North Dakota and New Mexico, this may be…
The West Texas sky silhouettes a Linn Energy pumpjack in the Permian basin. (Linn Energy) Eagle Ford Shale production will jump 50 percent this year, hitting an average 844,000 barrels per day, according to an analysis by research and consulting firm Wood Mackenzie. And despite slumping natural gas prices, the northeast United States will double gas…
When it comes to being the most competitive wholesalers on the market, representatives with Expert Heavy Equipment, say they are at the top of the list, in addition to its announcement that the company uses a true On-Demand Inventory. “This keeps operating costs down,” said Milissa Wise, Director of Operations for Expert Heavy Equipment, whose companys…
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…
Representatives with Expert Heavy Equipment today announced an initiative to expand into other segments of used equipment, such as wheel loaders, cranes and rock trucks. “The reason for this is the increase in demand for mining equipment,” said Milissa Wise, Director of Operations for Expert Heavy Equipment, whose company’s priority is to provide the best used equipment…
There’s an old saying that two heads are better than one, and representatives with EHE Auctions say they are taking that same approach when it comes to its auctions by officially launching its Timed Auction. “Our new Timed Auction service will serve as a complement to our Live Virtual Auction,” said Milissa Wise, Director of Operations for Expert…
As reported by Josh Boaz December 2013 U.S. developers boosted construction spending in October at the fastest pace in more than four years, propelled by a surge in government projects. But spending on home construction and commercial projects both fell. Overall construction spending increased 0.8 percent in October to a seasonally adjusted annual rate of…
There’s an old adage that says numbers don’t lie, and representatives with EHE Auctions, say that based on statistics, the company is now incorporating the researched proven strategy of low starting opening bids. “Often you see auctions that will have an opening bid of 50 percent or 70 percent of the market value of the equipment,”…