Used equipment sale values moderately soften
Rouse Services reports that January 2020 sales value follow trend of softening prices but may change as February multi-day auctions are tallied.
January sales results – across both retail and auction channels – typically represent the lowest volumes during the calendar year. Despite the lower volumes, the sales recoveries and performance in January 2020 indicated a continuation of the moderate softening that had been observed throughout most of 2019.
In contrast, February typically represents one of the highest volumes, particularly for auction sales. This is driven by the multi-day auctions held in Florida.
Although February sales results are not yet incorporated into the charts seen in this report, the biggest sales indicate a steadying of values across the industry. More specifically, Rouse observed the following trends:
On average, the sales exceeded the prior 1-3 months’ FLV benchmark by 2.8 percent.
- Strong performers: aerial products, telehandlers, articulated trucks, motor graders, compact track loaders, wheel loaders
- Underperformers: large dozers (180+ hp class), large excavators (75,000+ lb class)
This month, Rouse Services highlights one of its recent blogs introducing Rouse’s new Residual Value toolkit to support the lease finance industry. It can be found here: Taking the Guesswork Out of Residuals
Also, check out the February 2020 issue of The Equipment Report The Equipment Report - February 2020.
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