Equipment World Digital Magazine
Issue link: http://read.dmtmag.com/i/440012
Auctions A snapshot of new and used sales trends from Randall-Reilly's Equipment Data Associates and TopBid auction price service. Backhoes Backhoe buying patterns* New Used *Financed equipment, 2005-2013. Source: EDA, edadata.com Cat 420E, 345 units Top fi nanced new backhoe* Top fi nanced used backhoe* * Jan. 1 – Nov. 30, 2014. Source: EDA, edadata.com (Note: EDA reports are continually updated.) Final bids unit count: 231 $ 82,500 HIGH $ 82,500 LOW $ 17,500 AVERAGE $ 51,781 OTHER TOP BIDS Dec. 1, 2013-Nov. 30, 2014; prices for backhoes 5 years old and newer, U.S. sales only. Only includes bids $5,000 and above. Source: TopBid, topbid.com $82,500, 2012 Cat 420E, Feb. 6, Alex Lyon & Son in Kissimmee, Florida. $81,000, 2011 Deere 710J, Feb. 17, Ritchie Bros., Orlando. Other top selling machine: Cat 420F, 564 units EquipmentWorld.com | January 2015 55 quick data | by Marcia Gruver Doyle | MGruver@randallreilly.com Top three states for new backhoe buyers* Top fi nanced backhoe brands* During most of 2014, Deere and Caterpillar were neck and neck in fi nanced backhoe sales, with Deere at 38.4 percent of the market and Cat at 36.7 percent. Case had 20 percent. 2005 2006 2007 2008 2009 2010 2011 2012 2013 * Jan. 1 – Nov. 30, 2014, includes new fi nanced sales only. (Note: EDA reports are continually updated.) Source: EDA, edadata.com *Comparison of number of backhoes fi nanced Nov. 1, 2013 to Oct. 31, 2014, and Nov. 1, 2012 to Oct. 31, 2013. Source: EDA, edadata.com New, used backhoes year-over-year change* NEW Up 8% Down 6% USED 1 1 2 2 3 3 Texas, 582 buyers Deere, 1,477 units California, 217 buyers Cat, 1,411 units Pennsylvania, 130 buyers Case, 767 units Auction prices for the top 10 models of backhoes sold during the past fi ve years have stayed within a narrow band, with only roughly $6,000 separating the high and low price. The average price from 2009 through November 2014 was $38,003. $ 43,000 $ 42,000 $ 41,000 $ 40,000 $ 39,000 $ 38,000 $ 37,000 $ 36,000 $ 35,000 $ 34,000 $ 33,000 $ 32,000 $ 31,000 Jan. Apr. July Oct. Jan. Apr. July Oct. Jan. Apr. July Oct. Jan. Apr. July Oct. Jan. Apr. July Dec. Jan. Apr. July Oct. 2009 2010 2011 2012 2013 2014 Backhoe auction prices, 2009-Nov. 2014 Top auction price, paid for 2012 Deere 410K with 1,902 hours at a Ritchie Bros. Auctioneers International sale on Sept. 26, 2014, in Kansas City. Deere 310 SK, 750 units Trend prices for the top 10 models of backhoes sold at auction, not seasonally adjusted. Source: TopBid, topbid.com PRICE Number of units 5-year average $ 38,003 High: Apr. 2012 $ 41,722 Low: Dec. 2013 $ 35,627 5,500 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 New high: 2005, 5,104 units New low: 2010, 761 units Used low: 2009, 1,444 units Used high: 2005, 2,362 units