New financed construction equipment jumps 32% in January
| February 25, 2013
New financed construction equipment unit sales in January saw a 32 percent bump from January 2012 figures, according to figures just released from Equipment Data Associates, a division of Randall-Reilly.
The number of new equipment units sold rose from 5,836 units in January 2012 to 7,700 units this January. Used finance sales for the same period had a more modest increase, rising 5 percent from 8,155 units sold in January last year, to 8,601 units sold this year.
Both new and used financed construction units sold showed upticks from December, 2012 figures. The number of new units sold in January 2013 rose 4 percent when compared with December, while used units sold showed a 19 percent increase.
Looking at major earthmoving types of equipment (excavators, compact excavators, wheel loaders, dozers, skid steers, compact track loaders and articulated trucks), in tracking financed sales by number of units, compact track loaders dominated the top new models sold in January to date. These included the Kubota SVL75, the Cat 259B3, and the Bobcat T650. The top model in terms of number of units sold during the month was the Caterpillar 938K wheel loader, at 122 units to date.
Top states in terms of new financed units sold were Texas, Pennsylvania, Ohio, Wisconsin and California.
EDA tracks Uniform Commercial Code-1 state filings on financed equipment. Typically, 80 to 85 percent of the filings are included in a preceding month’s report.