EquipmentWatch, a leading construction research company and database information products provider, unveiled a quarterly benchmark report “Heavy Equipment Auction Market Trending.” The report, targeted to auctioneers, original equipment manufacturers, statisticians, equipment analysts and economists, offers analysis of auction activity by price, region, manufacturer and equipment type.
The first report covers Sept. 1 through Nov. 30, 2012. Key report findings include:
- Total sales for the heavy equipment auction market increased from the previous quarter, however the sales numbers represented a downward trend compared to the previous year;
- Western Canada and the Southeast United States represented the largest regions by volume of equipment sold during this period. The largest increase year over year was in Central Canada;
- Crawler-mounted hydraulic excavators topped the list of heavy construction equipment types sold at auction. The average age of all construction equipment recorded was about 12 years;
- Caterpillar equipment led all manufacturers in terms of volume sold, followed by Deere, Komatsu, Volvo and Bobcat.
The report is focused on data analyzed in context using data drawn from EquipmentWatch’s “The Last Bid” database of more than 1.3 million records. “The Last Bid” is an authoritative guide to current auction values for used heavy equipment and trucks. Regions were selected based upon the Bureau of Economic Analysis standards and the 4-region Canadian model.
“For 15 years, our data has provided key metrics to the heavy equipment auction marketplace,” said Garrett Schemmel, director, brand management, EquipmentWatch. “This new series of reports offers a comprehensive view of the industry, and also serves as a leading indicator of market activity. As the first and only company to offer verified analyzed intelligence, we recognize the value of this data to the industry to deliver unprecedented insights to inform buying decisions.”
To access the new equipment auction trend report, go to: http://www2.equipmentwatch.com/Fall-2012-Auction-Report. Enterprises interested in licenses to the EquipmentWatch database or custom data analysis may contact Brian Dewey at firstname.lastname@example.org (770) 618-0201.
EquipmentWatch, owned by Penton Media, serves more than 15,000 professional, high-volume users of construction and lift-truck data. Its online and print products are used in decisions surrounding the purchase, valuation, operation and disposal of equipment. For nearly 50 years, EquipmentWatch has served contractors, equipment manufacturers, dealers, lenders and insurers and government agencies involved in large infrastructure construction.