The U.S. used construction equipment market continued to display mixed dynamics in October, according to the latest Construction Market Reports. As financing firms assess portfolio performance and remarketing strategies, various market trends underscore the importance of close monitoring of inventory cycles, category-level demand and value movement across the used equipment market.
U.S. Used Telehandlers
- U.S. used telehandler inventory levels have been trending up for 32 consecutive months. In October, inventory levels decreased by 0.49% M/M but were 19.82% higher than year-ago levels.
- Asking values in this market declined by 1.6% M/M and 4% Y/Y in October and are trending sideways.
- Auction values decreased by 2.94% M/M and 6.38% Y/Y in October, continuing a 6-month-long downward trend.
U.S. Used Heavy-Duty Construction Equipment
- Inventory levels in this market, which includes used crawler excavators, dozers, and wheel loaders, were up 2.12% M/M and down 7.44% Y/Y. Inventory levels are currently trending sideways. The used crawler excavator category had the largest influence on October inventory levels, with inventory up 2.8% M/M and down 9.32% Y/Y.
- Asking values increased slightly M/M in October, by 0.91%, decreased by 1.21% Y/Y, and are trending sideways. The used crawler excavator category had the largest M/M asking value increase at 2.51%, while the used wheel loader category showed the largest Y/Y decrease at 4.37%.
- Auction values are also trending sideways, posting increases of 0.53% M/M and 2.59% Y/Y in October. Used wheel loaders led other categories in M/M auction value increases at 0.86%, while used crawler excavators led in Y/Y increases at 3.72%.
U.S. Used Medium-Duty Construction Equipment
- Inventory levels in this market, which includes used skid steers, loader backhoes, and mini excavators, are trending sideways, with a slight increase of 0.28% M/M in October and a 6.81% Y/Y drop. The used loader backhoe category showed the largest M/M inventory level increase at 5.35%, while the used mini excavator category exhibited the largest Y/Y decrease at 15.19%.
- Asking values decreased by 0.67% M/M and 0.92% Y/Y in October and are trending down. The used loader backhoe category had the largest M/M asking value decrease at 1.7%, while the used mini excavator category had the largest Y/Y decrease at 2.82%.
- Auction values dipped 0.96% M/M but increased by 0.82% Y/Y in October and are trending downward. The used loader backhoe category showed the largest M/M auction value decrease at 1.57%, while the used track skid steer category had the largest Y/Y decrease at 1.66%.
U.S. Used Forklifts
- Inventory levels in the U.S. used forklift market have been climbing for nine months in a row. Inventory levels were up in October as well, by 0.83% M/M and 29.07% Y/Y. The used pneumatic-tire forklift category constituted the leading growth category, with inventory levels rising 2.14% M/M and 32.99% Y/Y.
- Asking values decreased slightly M/M, by 0.55%, and by 1.53% Y/Y, and are trending downward. The used pneumatic-tire forklift category showed the largest M/M asking value decrease at 0.61%, while the used cushion-tire forklift category had the largest Y/Y decrease at 1.85%.
- Auction values were down 0.05% M/M and 7.82% Y/Y in October, continuing a 9-month-long downward trend. The used cushion-tire forklift category posted the largest auction value decreases at 5.54% M/M and 9.45% Y/Y.
