EquipmentWatch Spring Quarterly Auction Report Sees 41% Sales Growth In Heavy Equipment Auction Market
Q1 2013 saw a 41% increase in heavy equipment auction sales over Q4 2012.
NEW YORK, May 28, 2013 /PRNewswire/ -- The spring quarterly benchmark report for the construction equipment industry, "Heavy Equipment Auction Market Trending", was released today by Penton's EquipmentWatch, the world's leader in heavy construction research, and the leading provider of database information products for the construction equipment industry.
"The first quarter saw a significant rise in auction sales activity, with the southeastern U.S. leading the way," said Garrett Schemmel, Director, Brand Management, EquipmentWatch. "Overall, we see a general increase trending in activity, which is a great sign for the market."
The "Heavy Equipment Auction Market Trending" (free to download) report analyzes activity by price, region, manufacturer and equipment type, thereby providing a quick snapshot of industry trending by all major metrics. Key report findings include:
- Total sales of equipment were up 41% over the Winter 2012 quarter
- Southeastern U.S. dominated the auction landscape in Q1 2013 with a 79% increase in units sold compared to Q4 2012
- Caterpillar held onto a price premium across popular equipment types, however significant gains were made by both Case and Deere in several categories
The report is focused on data collected between January 1, 2013 and March 31, 2013, and analyzed in context using data drawn from EquipmentWatch's "The Last Bid"™ database of 1.4+ million records. "The Last Bid" is an authoritative guide to current auction values for used heavy equipment and trucks. Regions were selected based upon the Bureau of Economic Analysis standards and the 4-Region Canadian model.
Industry professionals interested in access to the new equipment auction trend reports, visit http://www.equipmentwatch.com/marketing/article/103444/spring-2013-equipment-auction-report. Enterprises interested in licenses to the Equipment Watch database or custom data analysis contact Brian Dewey at firstname.lastname@example.org or 770.618.0201.
EquipmentWatch is the trusted source for heavy equipment and material handling equipment data. produces the leading database information products for the construction equipment industry and is the world leader in heavy construction research. EquipmentWatch serves more than 15,000 professional, high-volume users of construction and lift-truck data. Our online and print products are valuable tools in decisions surrounding the purchase, valuation, operation, and disposal of equipment.
For nearly 50 years, EquipmentWatch has served contractors, equipment manufacturers, dealers, lenders and insurers, and government agencies involved in large infrastructure construction.
For millions of business owners and decision-makers, Penton makes the difference every day. We engage our professional users by providing actionable ideas and insights, data and workflow tools, community and networking, both in person and virtually, all with deep relevance to their specific industries. We then activate this engagement by connecting users with tens of thousands of targeted providers of products and services to help drive business growth. Learn more about our company at www.penton.com.
Penton is a privately held company owned by MidOcean Partners and U.S. Equity Partners II, an investment fund sponsored by Wasserstein & Co., LP.
Director, Corporate Communications
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