By Jordanne Waldschmidt – Equipment World – September 6, 2024
Over 55,000 new and used machines in the top 11 types of construction equipment* were financed during the second quarter of 2024, according to Fusable’s latest EDA finance data, a 7.7% increase 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 tracks financed units only – so if the machine was bought with cash or letter of credit, it is not included in the counts. Buyers of higher ticket items, such as large dozers, generally tend to finance these machines. But because this data is based on machine unit counts, lower-purchase-cost compact machines tend to dominate the charts.
To view data from the first quarter of 2024, take a look at this article:
To see full-year sales of new and used construction machines in 2023, check out our previous coverage:
The top financed new models sold during the second quarter of 2024 were:
- Kubota SV75-3 compact track loader, 1,976 units
- Bobcat MT100 mini track loader, 1,344 units
- Kubota SVL97-2 compact track loader, 1,299 units
- Bobcat T66 compact track loader, 781 units
- Deere 325G compact track loader, 723 units
The compact equipment continued to top the charts when it came to top financed used models sold. The best-selling models included:
- Case SV280B skid steer loader, 436 units
- Kubota SVL75-2 compact track loader, 237 units
- Deere 333G compact track loader, 194 units
- Cat 259D compact track loader, 185 units
- Case 321F compact wheel loader, 168 units