Latest index report is available from EquipmentWatch
The most recent EquipmentWatch INDEX report has been released. The report offers a quick snapshot of price, volume and age trends for a variety of equipment that EquipmentWatch tracked during October 2013.
The monthly INDEX is an information resource that helps fleet professionals track critical heavy equipment benchmarks. With the INDEX, fleet pros can make better-informed heavy equipment decisions around price, market share and equipment age metrics.
Members of the EquipmentWatch community receive these reports regularly. Provide your email address at this site to receive the EquipmentWatch INDEX in your e-mail inbox every month.
The latest INDEX shows the following highlights that EquipmentWatch researchers observed over the past month:
— The Northeast US saw average resale prices drop 2.1 percent, while volume increased 4.8 percent.
— The average age of equipment increased in the resale market, but decreased in the auction market.
In the resale market, the average age for Caterpillar equipment increased from 7.4 to 7.7 years, a 4 percent increase.
The latest EquipmentWatch INDEX shows some changes in the equipment marketplace among the states. “Compared to the previous month, the average price of equipment listed in Minnesota and Indiana increased by almost 10 and 7 percent, respectively” says Patrick Dogan, who is analytics manager for EquipmentWatch. Dogan adds: “In a month that saw volume decline nationwide, Delaware and New Mexico bucked the trend and saw equipment listings increase compared to last month.”
EquipmentWatch produces database information products for the construction equipment industry and provides heavy construction research. The data provider serves more than 15,000 professional, high-volume users of construction and lift truck data. Its online and print products are tools used to make decisions surrounding the purchase, valuation, operation and disposal of equipment. EquipmentWatch has almost 50 years of experience serving contractors, equipment manufacturers, dealers, lenders and insurers, and government agencies involved in large infrastructure construction. EquipmentWatch researchers can provide more detailed analyses.