Timing is important when disposing equipment at auction
Tractor-loader-backhoes in the North American markets are following seasonal trends in auction and private retail valuations, according to a new EquipmentWatch Intelligence report. The valuations, say EquipmentWatch analysts, vary based on model age and month of sale. “For equipment managers with large backhoe fleets, the February auction markets hold the greatest return relative to private retail prices,” according to the report.
To produce the report, EquipmentWatch extracted over 150,000 sales records since January 2014 across both auction and private retail markets, and then filtered the data to under 120,000 records for backhoes with a 14- to 15-foot digging depth.
Samuel Giffin, EquipmentWatch’s senior industry analyst, offered some additional insight: “Asking prices for tractor-loader-backhoes exhibited substantially less variation in price and peaked last year in December.”
Giffin told GPN that the EquipmentWatch research showed that on the private resale market, the average age of backhoes at auction dropped substantially around February this year and last year. Meanwhile, he added, “The average age of backhoes on private retail markets rose and fell with little aberration.”
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, lift truck, agricultural equipment and truck data. Register at this site to receive heavy equipment intelligence and newsletters in your inbox.
Tractor-loader-backhoes serve a variety of applications in the local government market. A quick scan of the GPN site and product news releases that GPN has received shows the following municipal functions and locations where the equipment is used:
Solid waste, transfer stations and recycling centers
Road maintenance including paving
General material handling
Used to lift equipment during installation process
Water department projects
Breaking and ripping up concrete
Material handling at mulching centers
Digging pipe trenches and holes for trees
Snowstorms–the backhoe serves as a backup unit to load salt and remove snow. The unit can also be used to free stuck equipment on city streets.
Golf course maintenance
Water well digging
In the photo: a John Deere 310L backhoe loader with EPA Final Tier 4 Stage IV PowerTech Plus diesel engine.