Over 48,300 new and used machines in the top 11 types of construction equipment* were financed during the first quarter of 2024, according to Fusable’s latest EDA finance data, a 4.5% bump over the same period last year.
Depending on the type of machine, financed machines can represent 40 to 75 percent of the total number of machines of that type sold in the United States. EDA does not track machines bought by cash or letter of credit. Buyers of higher priced equipment, such as dozers and excavators, tend to use financing.
To see full-year sales of new and used construction machines in 2023, check out our previous coverage:
Compact units, with their lower prices and popularity across multiple segments, dominated the top financed new models sold in the first three months of the year. The most popular models were:
The compact track loader continued its reign when it came to top financed used models sold. The best-selling models included:
The top equipment types, in terms of the number of machines financed, both new and used, were:
The top states financing new and used equipment were:
