Quick Data is a snapshot of new and used construction equipment sales trends from Fusable’s EDA equipment financing data and EquipmentWatch market trend reports.
Both new and used financed excavator sales have continued to slip year over year as contractors hold off on purchases due to high interest rates, minimize the risk with more rental purchase options, or buy with cash.
A total of 13,355 new excavators were financed from January 1, 2023 to December 31, 2023, according to Fusable’s latest EDA equipment finance data. This was a 1.7% decrease from the 13,580 new units financed the previous year.
Financed used excavator sales tumbled 16% to 11,889 units, from 13,782 units sold between January 1, 2023 to December 31, 2023.
The top-selling new models, based on the number of units financed, were the Cat 340 (593), Cat 315 (409) and the Bobcat E88 (370).
Deere’s 210G LC took the top spot for financed used excavator sales (314), followed by the Deere 350G LC (278) and Cat 320 (232).
