Activity in the construction equipment market has continued to rebound this summer but remains far below the levels seen in previous years.
The numbers are revealed in the latest EquipmentWatch monthly report, which said inflation for construction equipment has remained flat.
“Through 2022, construction equipment inflation has trailed inflation in the broader economy,” the report stated.
Activity levels decreased significantly in the construction equipment auction market from June to July this year, dropping over 46%. However, activity levels in the auction market remain above 2021 levels.
Articulated Wheel Loaders Rise in Popularity
“4WD articulated wheel loaders have been among the most popular equipment types sold on both the auction and resale channels,” the report said. “In July, average values increased faster than that of the construction equipment market as a whole.”
Because of the current popularity of 4WD articulated wheel loaders, the report said it is “unsurprising” that usage rates of the equipment were up across the board. “And on the auction channel, the most popular model years were significantly older than the overall construction equipment market,” the report stated. “2006, 2013 and 2012 were the most prevalent model years for 4WD articulated wheel loaders, while 2015, 2016 and 2014 were the top-three most prevalent model years for construction equipment overall.”
About the EquipmentWatch Report
The EquipmentWatch Market Report is a compilation of a wide array of EquipmentWatch’s data, designed to bring you an in-depth look at used equipment markets over the last month.
EquipmentWatch tracks resale and auction prices and activity for over 15,000 models across 389 manufacturers throughout North America.