Compact Equipment Dominates Sales — See What’s Hot, What’s Not

By Jordanne Waldschmidt | Equipment World Compact utility loaders were the only bright spot for financed new equipment sales in a year-over-year Q1 comparison, growing 18.4%, according to UCC-1 data from EDA. Two other compact machine types saw only modest declines in sales during the first quarter. New compact track loaders were down 1% and compact excavators were down 9%. The remaining seven machine types examined suffered double-digit decreases during the quarter: motor graders (-39%), wheel loaders (-37%), dozers (-33%), excavators (-28%), skid steers (-24%), articulated haul trucks (-22%), and backhoes (-14%). Compact utility loaders grow While still a low-volume category overall, compact utility loaders continue to grow, and new players continue to enter the market. At ConExpo 2023, Case CE previewed its first mini track loader, the TL100, and Wacker Neuson added two new models to its line, the SM60 and SM120. During the first quarter of 2023, buyers financed 1,651 new compact utility loaders, compared to 1,395 units during the same period in 2022. The top-selling new models were the Bobcat MT100 (427), Kubota SCL1000 (163) and the Toro Dingo TX1000 (115). Compact track loaders remain on top Meanwhile, compact track loaders continued to flex their dominance over all other product categories by volume sold. READ FULL ARTICLE >>