Downward trend in equipment sales values identified
Rouse Services reports that equipment values have slightly declined in 2019.
After reaching market peaks for used equipment recoveries across many of the product categories in 2018, 2019 has been characterized by some downward movement, primarily within the auction channel, which has been exhibited across the range of construction products, reports Gary P. McArdle, executive vice president and COO of Rouse Services, LLC.
This trend first surfaced in February’s major auction events. Heavy earthmoving products were the first to be impacted, with notable downward pressure on excavator values and – to a lesser extent – dozers and wheel loaders. As the year progressed, similar patterns have appeared across general construction products, namely aerial equipment, telehandlers, and light and medium earth moving equipment.
To the extent that the softness in equipment values comes on the back of the very strong results in 2018, this softness may just signify a “cooling down,” McArdle reports.
You can find the November 2019 issue of The Equipment Report here: The Equipment Report - November 2019.
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