The average equipment available at auction in May 2016 was older with higher usage than a year ago EquipmentWatch says

EquipmentWatch Report Shows Declining Market and Liquidation Values

June 22, 2016

Values in the construction market continued their traditional seasonal descent, dropping 0.3 percent in fair market value and 0.8 percent in forced liquidation values, according to the June EquipmentWatch Market Report, a monthly resource for the construction, lift and access, agriculture and commercial truck industries.

Michael Roth

Values in the construction market continued their traditional seasonal descent, dropping 0.3 percent in fair market value and 0.8 percent in forced liquidation values, according to the June EquipmentWatch Market Report, a monthly resource for the construction, lift and access, agriculture and commercial truck industries.

The drop, however, was not enough to push the market into a deflated period. Surprisingly high market activity on the resale channel helped buoy the Price Stability Index in May.

Fair Market Values were down nearly 6.3 percent since last May and Forced Liquidation Values declined more than 9 percent in the same time period. The average equipment available at auction in May 2016 was older and had higher usage than equipment in April 2016 and May 2015.

The complete report can be downloaded free at: http://images.link.penton3.com/Web/PentonEquipmentWatch/%7bb2d89a9d-e5b9-4493-90b2-bab104f20efa%7d_EQW_MarketReport_June_2016_FREE.pdf?elqTrackId=5064789bc5774a769fbd4a787d871512&elq=d0b11bc4c0d443708cb414cbcefde5c7&elqaid=7740&elqat=1&elqCampaignId=6332