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Construction Equipment Price Trends for April 2021

Caterpillar CAT_Single-Drum Vibratory Compactor.jpg
The EquipmentWatch Market Report for April 2021 shows average FMVs were down in March 2021 versus March 2020 and February 2021; FLVs were down month-over-month but up on a year-over-year basis.

Average FMVs* were down 11.0% and average FLVs were down 18.7% compared to March 2019. FMVs were also down compared to March 2020 and February 2021, down 0.8% and 1.0%, respectively. FLVs were down 0.8% month-over-month but were up 1.8% on a year-over-year basis.

Activity was down on the resale channel, dropping 15.7% compared to March 2019, 29.5% compared to March 2020, and 9.8% compared to February 2021. On the auction channel, activity was down 5.1% month-over-month but was up 14.5% year-over-year and up 14.8% compared to March 2019.

WOC360_052521_EW_Construction_Values_Table.png

(Resale activity based on listings; Auction activity based on sales results.)

EquipmentWatchWOC360_052521_EW_Construction Values Chart-April 2021.png

Average age and utilization were both up on the auction channel. Average age was up 20.0% month-over-month, 10.0% year-over-year, and 1.2% compared to two years ago. Average utilization was up 17.0% month-over-month, 3.5% year-over-year, and 13.1% compared to two years ago. In all, construction equipment on the auction channel was comparatively older than in the previous two years.

Average age and utilization were more mixed and subdued on the resale channel. The biggest changes were seen in the comparison to March 2019 with average age down 4.9% and average utilization up 9.1%. 

Compactors

This month, we took a closer look at compactors—see the table below for the specific types included:

woc_compactor_types_04-2021.png

As can be seen below, both FMV (Resale) and FLV (Auction) prices both rose in February 2021 vs. March 2020. FMV average price in February 2021 is up 2.2% versus March 2020 and average FLV is up 7.7%.

EquipmentWatchwoc_052521_EquipmentWatch_values_table-compactors.png

(Resale activity based on listings; Auction activity based on sales results.)

woc_052521_EquipmentWatch_values_chart-compactors.png

*Fair Market Value (FMV) is the value of an asset sold to a single buyer under no compulsion. Forced Liquidation Value (FLV) is the value of an asset sold at a properly advertised and conducted auction in which the seller is under compulsion to sell on an as-is, where-is basis as of a specific date.
 

This article is brought to you through a collaboration between EquipmentWatch and World of Concrete 360. The EquipmentWatch Market Report is a monthly resource for the construction, lift/access, and agriculture industries to help equipment managers make better-informed decisions by leveraging key equipment values, market activity, age, and usage metrics. For more information about EquipmentWatch’s methodology and data, and to learn more about what it has to offer contractors, click here.

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