Equipment World Digital Magazine
Issue link: http://read.dmtmag.com/i/726012
EquipmentWorld.com | September 2016 67 Auctions A snapshot of new and used sales trends from Randall-Reilly's Equipment Data Associates and TopBid auction price service. Backhoes Case 580 Super N 480 units Cat 420E 374 units Top fi nanced new backhoe* Other top selling new machine: Top fi nanced used backhoe* Final bids unit count: 792 $ 88,500 HIGH $ 88,500 LOW $ 9,250 AVERAGE $ 39,561 July 1, 2015 – June 30, 2016; prices of backhoes 5 years old and newer, U.S. sales only. Only includes bids $5,000 and above. Source: TopBid, topbid.com quick data | by Marcia Gruver Doyle | MGruver@randallreilly.com Top three states for backhoe buyers* *Comparison of number of backhoes fi nanced June 1, 2015 to May 31, 2016, and June 1, 2014 to May 31, 2015. Source: EDA, edadata.com 1 2 3 Texas: 1,390 buyers California: 555 buyers Oklahoma: 429 buyers Top auction price, paid for 2015 Caterpillar 420F2 at an Alex Lyon & Son Auctioneers sale on October 16, 2015 in Frankfort, Kentucky. Deere 310SL 597 units Backhoe auction prices, 2011-2016 YTD $ 50,000 $ 49,000 $ 48,000 $ 47,000 $ 46,000 $ 45,000 $ 44,000 $ 43,000 $ 42,000 $ 41,000 $ 40,000 $ 39,000 $ 38,000 $ 37,000 $ 36,000 $ 35,000 $ 34,000 $ 33,000 PRICE Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Mar. Jul. 2011 2012 2013 2014 2015 2016 Average: $ 41,405 Apr. Oct. Mar. Low: Mar. 2016 $ 34,843 Current: Jul. 2016 $ 36,258 Trend prices for the top 10 models of backhoes sold at auction, not seasonally adjusted. Source: topbid.com *In terms of number of fi nanced units sold June 1, 2015 – May 31, 2016. Source: EDA, edadata.com (Note: EDA reports are continually updated.) Year-over-year change* NEW: DOWN 9% USED: DOWN .003% Backhoe new/used sales trends, 2006-2015* 12,000 11,000 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 UNITS 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 New high: 2006, 7,308 units Used low: 2015, 4,955 units Current average auction prices for the top 10 models of backhoes are now $5,146 below the fi ve-year average of $41,405. 2013 Deere 410K, 1,036 hours, Ritchie Bros., Dec. 15, 2015 in Tipton, California. OTHER TOP BID: $ 87,500 New Used High: Apr. 2012 $ 47,713 *Financed equipment, 2006-2015, number of units sold. Source: EDA, edadata.com Used high: 2006, 9,347 units new backhoe* new backhoe* new 9,561 at an Alex Lyon & Son Auctioneers sale on October 16, 2015 in Frankfort, Kentucky. Deere 310SL , 1,036 hours, Ritchie Bros., Dec. 15, 2015 in Tipton, California. New low: 2010, 985 units