| January 10, 2012 |
A snapshot of new and used sales trends from Randall-Reilly’s Equipment Data Associates and TopBid auction price service.
27% of all 2011 YTD new financed backhoe sales were in the West South Central region – Texas, Oklahoma, Arkansas and Louisiana. During the 2004-2006 economic peak, the Pacific and South Atlantic regions topped backhoe charts.
$75,000 Top 2011 auction price, paid for a 2008 Cat 420E IT, sold by Alex Lyon & Son Auctioneers on Feb. 3 in Kissimmee, Florida.
2011 final bids, 14-foot-dig-depth and higher machines
Top financed model in 2011 YTD
Year-over-year used backhoe sales*
In the past two years, year-over-year used financed machine sales saw a 26 percent drop in the October-to-September period.
*Financed filings as of Nov. 30, 2011. Source: EDA
New/used buying patterns
Both new and used financed backhoe sales peaked early in the past decade. The number of reported YTD 2011 new sales, however, were already inching ahead of total 2010 new sales.