Used Equipment Values Drop on Resale, Auction Markets

By Ryan Whisner | Equipment World EquipmentWatch’s June Market Report states that the average full market value for used construction equipment is slowing down. According to the report, construction equipment values continue to show gains year over year, although both resale and auction channels are showing signs of a slowdown in the month-to-month values, indicating a market slowdown as we enter the summer months. FMV was down 0.7% in the resale market, marking a 0.15% decrease year to date. Values on the auction channel also continued their slowdown with a dip in value of 1.8% month over month and an overall decrease of 4% since the start of the year. READ FULL ARTICLE >>