EquipmentWorld.com | February 2015
25
contractor of the year
|
by Marcia Gruver Doyle
|
MGruver@randallreilly.com
EquipmentWorld.com | February 2015
25
by Marcia Gruver Doyle
|
MGruver@randallreilly.com
The financed equipment
buying habits of
excavating contractors
W
e were also
interested
in how a
contractor's
buy list
might change as he increased
in size. For example, what
would be the top three types of
equipment for a contractor with
annual sales of less than $5
million, compared to one with
sales of more than $16 million?
As you'll see, there were some
intriguing differences.
For this study, we looked at
equipment financed during the
years 2010 through Novem-
ber 2014. Since financed sales
take time to be processed, and
since this data was compiled
the week of Dec. 29th, we did
not include December 2014
data. While Congress's last-
minute reenactment of the Sec-
tion 179 deduction and bonus
depreciation will likely have an
FLEET
FLEET
PROFILE
For this report, the 71 contractors we
examined were divided into three size
groups, as determined by annual sales
reported by Dun & Bradstreet:
Small, under $5 million, 28 contractors
Medium, $5 to $15 million, 23 contractors
Large, $16 million and above,
20 contractors
In total, these 71 contractors financed
around 5,758 machines during the past
five years, including more than 2,780 new
and 3,070 used units.
What have excavating contractors been buying in the past five
years? To get a clearer picture of the answer to this question,
we delved into data provided by Equipment Data Associates,
which tracks new and used financed buys.
