EquipmentWatch releases latest INDEX report
The new EquipmentWatch INDEX is out, and it includes a quick snapshot of price, volume and age trends observed during December 2013.
The latest INDEX shows the following highlights that EquipmentWatch researchers observed over the past month:
— Nationwide prices and volume dropped 0.5 and 3.8 percent, respectively.
— All regions, aside from the Northeast, saw an increase in volume of activity.
— The age gap between resale and auction markets dropped 4 months in December.
— Marketplace activity for the past 30 days included 5,947 equipment units sold at public auction and 207,901 equipment units sold in private resale.
Here are a few other trends that Patrick Dogan, who is Manager, Analytics at EquipmentWatch found in the latest INDEX report:
• Prices dropped 2.5 percent in the Northeast possibly in reaction to November’s 5.5 percent average price increase.
• The average age of earthmoving equipment dropped by 3 and 6 months in the resale and auction markets, respectively.
• Skyjack & Genie have the largest gap between the average age of equipment in the resale and auction markets of at 35 and 31 months respectively.
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.
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.