Equipment World Digital Magazine
Issue link: https://read.dmtmag.com/i/107622
quick data | by Marcia Gruver Doyle MGruver@randallreilly.com Backhoes A snapshot of new and used sales trends from Randall-Reilly's Equipment Data Associates and TopBid auction price service. Top financed new backhoe* Auctions Auction prices, 2007-2012 60,000 Trend prices for the top 10 models of backhoes sold at auction, not seasonally adjusted. High: Feb. 2007 55,000 $ 50,000 49,559 Deere 310J, 1,090 units 45,000 40,000 35,000 30,000 Current: Dec. 2012 25,000 $ 20,000 Low: May 2009 15,000 $ 10,000 35,599 33,272 2007 100,000 $ OTHER TOP BIDS 2008 2009 2010 2011 Dec. Aug. May Feb. Nov. Aug. May Feb. Nov. Aug. May Feb. Nov. Aug. May Feb. Nov. Aug. May Feb. Nov. Aug. May Feb. 0 2012 Top auction price, paid for a 2011 Caterpillar 420E IT backhoe during a Ritchie Bros. Auctioneers sale on March 1, 2012 in Kansas City.* $89,000, 2011 Caterpillar 420E ST $83,000, 2010 Caterpillar 420E ST both during the March 1st Ritchie event: Dec. 2011-Dec. 2012 LOW *Dec. 2011-Dec. 2012; prices for backhoes 5 years old and newer, U.S. sales only. Source: TopBid, topbid.com $ 8 0 ,50 HIGH Unit count: 230 0 0,00 $ 10 AVERAGE final bids Other top models: Case 580 Super N, 906 units Cat 420E, 833 units *2011- Nov. 2012, new financed sales, leases and rentals. Source: EDA, edadata.com Top backhoe buying states* ,212 $ 47 1 Texas, 3,202 units 2 Oklahoma, 968 units 3 Pennsylvania, 814 units Top backhoe buyers by SIC code* Backhoes, 10-year buying pattern* 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 Current: 10 year low, used: 15,870 units 1 Heavy construction, 6,577 units 5,693 units Current: 10 year low, new: 3,542 units 1,824 units 3,393 units 2 Excavation work, 2,240 units New 10 year high, new: 3 General farms, 11,988 units primarily crop, Used 2012 thru Nov. 2011 2010 2009 2008 2007 2006 2005 2004 2003 1,892 units 2002 Number of units 10 year high, used: *2011-Nov. 2012, includes both new and used financed sales, leases and rentals *Financed equipment, 2002-Nov. 2012. Source: EDA, edadata.com EquipmentWorld.com | February 2013 37