Equipment auction values soften slightly
Rouse Services releases its December 2019 Equipment Report that tracks construction equipment value trends in the United States.
Whereas 2018 was marked by near-peak recovery values for most general construction and heavy earthmoving equipment, 2019 (through November) reflected modest softening relative to those highs.
The softening appeared predominately through the auction channels with retail pricing showing more moderate weakness, and in some cases flattish, with differences observed across the various products.
The softening was more noticeable across heavy earthmoving products, where both auction and retail recoveries demonstrated downward movements throughout the year. These trends appear to be fairly consistent across each of the core products: excavators, dozers, wheel loaders, articulated trucks.
Within general construction products, the story has been mixed, with observed softening in the auction channels while retail activity has broadly remained steady. Telehandlers continue to show the most resilience, while aerial products and light/medium earthmoving have been more heavily impacted.
As Rouse Services turns its focus to 2020, it is expected that January volumes will be light as is the seasonal trend, with February’s big auction events likely to serve as the first meaningful indicator for the health of used equipment markets.
You can find the December 2019 issue of The Equipment Report here: The Equipment Report - December 2019.
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