In February’s equipment report, EquipmentWatch took a closer look at cranes, specifically:
Resale (FMV) prices in January rose versus the previous month as well as compared to the same month in 2021. Auction (FLV) prices dropped dramatically over January 2021 but saw an uptick month over month.
(Resale activity based on listings; Auction activity based on sales results.)
Check out the slide show to see seven cranes and truck-mounted cranes.
*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.