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…
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…
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…
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 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…
Some say that knowledge is power, and thanks to representatives with EHE Auctions, the new blog series they have created will empower heavy equipment and farm equipment sellers with information they need to ensure that their items sell at the highest price possible. “Like selling a car, there are just some things that you won’t know…
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,”…
Representatives with EHE Auctions announced today that it will now focus solely on reserve auctions rather than absolute auctions. Milissa Wise, Director of Operations for Expert Heavy Equipment, the parent company of EHE Auctions, which provides a marketplace for buying and selling used heavy construction and farm equipment, explained that the company made the decision to shift toward…
Representatives with Expert Heavy Equipment announced today that it is now a resource in which buyers and sellers of heavy construction or farm equipment can use to determine the fair market value. “We are a resource to get general market pricing whether they are buying and or selling,” said Milissa Wise, Director of Operations for…