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>>
