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December financed construction sales lag from previous year

Posted By Marcia Gruver Doyle On January 30, 2013 @ 10:15 am In Construction News | No Comments

[1]

Used construction equipment financed sales (green line) and new financed sales (blue line) were both still below the 8,000 unit per month mark for most of 2011 and 2012. Source: Equipment Data Associates

New and used financed sales of construction equipment [2] were trending together at the end of 2012, reports Equipment Data Associates, a division of Randall-Reilly.

In December, 6,584 new units were financed, compared to December, 2011, when 7,084 units were sold. Used financed sales were at 6,356 units, compared to 7,758 a year ago.

New financed equipment sales never broke the 8,000 unit per month level during 2012, while used equipment sales went above that level twice, in January and March.

Top financed equipment buyers for December included:

  • Deness Leasing, Frankfort, Illinois, buying 125 Caterpillar skid steers and 30 Cat wheel loaders.
  • TCB Equipment Leasing,Wheeling, Illinois, 30 skid steers and 30 wheel loaders, all Caterpillar.
  • AAE Holding, Providence, Rhode Island, 35 Skyjack aerial lifts
  • T.K. Stanley, Waynesboro, Mississippi, 15 wheel loaders, eight crawlers and seven excavators, all Komatsu, plus three Deere industrial tractors.
  • Arizona Pipeline, Fort Worth, Texas, 21 excavators and 21 industrial tractors, all Deere.

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[1] Image: http://www.equipmentworld.com/files/2013/01/Screen-Shot-2013-01-30-at-8.31.31-AM.png

[2] New and used financed sales of construction equipment: http://theneweda.com/resources/industryinsight/construction.aspx

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