Used Equipment Sales Soar, Prices Drop, EquipmentWatch Reports

By Ryan Whisner EquipmentWatch’s latest Market Report states that the average full market value (FMV) for construction equipment in December 2022 was 0.8% lower compared to December 2021. In November, construction equipment resale prices dipped by 4.1%, which was at the time the largest single-month change recorded in 2022. The report states that December’s average FMV surpassed that milestone by dropping by 4.2% compared to the previous month. The multiple month-over-month declines dropped the average FMV to a nearly flat rating compared to December 2021. READ FULL ARTICLE>>