Thus far auction markets are indicating a sustained level of demand, which is supported by recent reports from publicly-reporting equipment manufacturers stating improved backlogs and increased lead times on account of robust demand for equipment.
Most notably, Rouse completed the tracking of Ritchie Bros.’ record-setting, six-day Orlando auction which took place from February 19-24. Although the results of this auction have not yet factored into the index values shown in The Equipment Report, a summary of the notable takeaways is presented below.
Total Sale: On average, last week’s auction results — across all types of equipment – were 5.0% above the Rouse FLV benchmark as of January 31, 2018.
General Construction Equipment: On average, sales of General Construction Equipment were 4.5% above the Rouse FLV benchmark as of January 31, 2018.
This strength was led by: Telehandlers, Boom Lifts, and Light and Medium Earthmoving Equipment
Heavy Earthmoving Equipment: On average, sales of Heavy Earthmoving equipment were 1.4% above the Rouse FLV benchmark as of January 31, 2018. The results were fairly balanced, as follows:
Large Wheel Loaders, Excavators and Articulated Trucks outperformed Large Dozers (high usage) underperformed
All Other Equipment: On average, sales of all other equipment were 10.1% above the Rouse FLV benchmark as of January 31, 2018.
This strength was primarily led by Truck Tractors as well a variety of other trucks (Service Trucks, Water Trucks, Transport Trucks, etc.)
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