The EquipmentWatch INDEX is a free monthly report that covers market trends for Construction, Commercial Truck, Lift Truck and Agriculture equipment
Key Report Takeaways
November 2015 in Review
- Construction Equipment:Construction markets corrected in November as aggregate prices increased in all but 3 states and the average age of top equipment types on resale markets declined by 3 months.
- Lift Trucks: Lift Truck prices increased across the board with only a few states sustaining decreases in the South, Northeast, and Western regions. Also, the average age of Cushion Tire Sit-Down Electric Lift Trucks in the auction market decreased dramatically from last month (15.8 to 8.0 years).
- Agriculture: Price trends tended to increase nation–wide, particularly in the Southeast and Northwest, while overall volume tended to decrease, with Connecticut being a big exception, with a 70.6% increase in volume. Average age for planters on the auction market was 9.9 years older than planters sold via resale.
- Commercial Trucks: The past two years have shown declines in pricing in November, which was no different again this year as the majority of the country declined in pricing month over month.