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…