Equipment World Digital Magazine
Issue link: http://read.dmtmag.com/i/231795
quick data | by Marcia Gruver Doyle MGruver@randallreilly.com Backhoes Auctions $ 92,500 OTHER TOP BIDS A snapshot of new and used sales trends from Randall-Reilly's Equipment Data Associates and TopBid auction price service. Top auction price, paid for 2011 Cat 420E IT sold on Dec. 13, 2012, by IronPlanet. Top financed new backhoe* Case 580 Super N 592 units *New and used financed sales, Jan. 1 - Dec. 5, 2013, Source: EDA, edadata.com (Note: EDA reports are continually updated.) $90,000, 2012 Cat 430F IT, Ritchie Bros., Mar. 22, in Chicago, Illinois $88,000, 2012 Caterpillar 420E, Yoder & Frey Auctioneers, Feb. 12 in Kissimmee, Florida Top three buyers of backhoes, YTD* Final Bids 1 Minnesota residential construction contractor, 76 units total, 41 new, all 310-sized Deere models. 2 Indiana water sewer pipeline contractor, 60 units total, all new Deere 310Ks. 3 California water sewer pipeline contractor, 47 units total, all used, mix of Deere and Case. AVERAGE ,000 $17 HIGH *Nov. 2012-Nov. 2013; prices for backhoes 5 years old and newer, U.S. sales only. Only includes bids $5,000 and above. Source: TopBid, topbid.com LOW unit count: 277* 500 $92, 116 $47, Auction prices, 2008-November 2013 Trend prices for the top 10 models of backhoes sold at auction, not seasonally adjusted. After taking a big hit in 2008, these prices have remained fairly steady, hovering around the $35,000 mark. 55,000 50,000 45,000 Top financed backhoe brands, YTD* 40,000 The top three financed brands tracked within 7% of each other in the number of new and used models sold throughout most of 2013. Looking just at new financed sales within this time period, Deere had 37.5% of the market, Caterpillar 33% and Case 23.3%. 35,000 30,000 High: Feb. 2008 25,000 $ 20,000 Low: Nov. 2013 46,316 $ 33,140 15,000 2008 2009 2010 2011 Nov. Jul. Apr. New Used 11,988 units New low: 2010, 66 January 2014 | EquipmentWorld.com 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 1,823 units *Financed equipment, 2002-2012. Source: EDA, edadata.com Case, 4,307 units, 28% of total market 3 Caterpillar, 4,064 units, 26.4% of total market New, used backhoes year-over-year unit growth* New high 2005, 15,870 units Deere, 4,919 units, 31.9% of total market *YTD through Dec. 5, 2013, includes both new and used financed sales (Note: EDA reports are continually updated.) Source: EDA, edadata.com 7,109 units Used high: 2003, 1 2 2013 Used low: 2010, 2002 Number of units Jan. 2012 Backhoes, 10-year buying patterns* 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 1,000 0 Oct. Jul. Apr. Jan. Oct. Jul. Apr. Jan. Oct. Jul. Apr. Jan. Oct. Jul. Apr. Jan. Oct. Jul. Apr. Feb. 0 USED Up 5% NEW Up New 2% *Comparison of Jan. 1 - Oct. 31 period, 2012 and 2013, number of units sold