New this month, we have added Truck and Agricultural Equipment to the EquipmentWatch INDEX, making this the only resource tracking all 3 major heavy equipment verticals.
The September EquipmentWatch INDEX includes a quick snapshot of price, volume and age trends observed during August 2014. The INDEX is a free monthly resource for critical thinkers in the construction equipment industry to make better informed heavy equipment decisions around price, market share and equipment age metrics. The INDEX is compiled by our analysts and fueled by more than 500,000 data points from our Green Guide and Last Bid Online.
Over the past month, here are a few highlights of what we've observed:
Construction Equipment
- Southeast prices dropped 4.9% compared to July on average.
- Auction volume increased by over 8.9%.
- The average age of resale equipment sold this month was 8.5 years.
Agricultural Equipment
- Prices went down while volume increased by over 20% in several states.
- The biggest price drop was in the Southeast, with a median decrease of 10.4%.
- The average age of Wheel Tractors dropped by over a year to 11.1 years.
On-Highway Truck
- Heavy Duty trucks comprised 51.1% of the trucks on the market.
- Volume increased substantially this month.
- The average age of trucks on the resale market decreased across all three major categories.
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