Fast Information is a snapshot of recent and used mini excavator gross sales developments from Fusable’s EDA apparatus financing knowledge and EquipmentWatch marketplace development and public sale value reviews.
Financed gross sales of recent and used and used mini excavators in the U.S. rose 12 months over 12 months, in step with Fusable’s newest EDA apparatus finance knowledge.
Just about 34,000 (33,957) new mini excavators had been bought from June 1, 2023 to Might 31, 2024, an 8.1% hike from the 31,407 gadgets bought all through the former 12 months duration.
With 28.6% marketplace proportion, Kubota maintained its stronghold as the highest vendor of recent financed compact excavators all through the duration. Cat took the 2d spot, with 19.1%, and Bobcat had the third-highest proportion of gross sales, at 18.5%. The highest-selling new fashions, according to the collection of gadgets financed, had been the Kubota KX040-4, the Kubota KX057-5 and the Cat 305CR.
[Watch: Test Run: Cat’s 306 CR Compact Excavator is a “Fantastic Little Machine”]
Texas had extra consumers of recent mini excavators than another state, with 9.8% of overall gross sales. Patrons had been additionally lively in Florida (6.8%) and California (5.9%).
Used financed mini excavator gross sales had been up 5.1% to ten,801 gadgets bought from June 1, 2023 to Might 31, 2024, when put next with 10,274 gadgets bought all through the similar duration closing 12 months.
Cat nabbed the highest spot, with 23.1% of all used financed mini excavator gross sales, whilst Bobcat accounted for 19.8%, and Kubota had 16.1%. Probably the most sought-after fashions had been the Deere 35G, Kubota KX040-4 and the Deere 50G.
[Watch: Test Run & Review: The Market’s First Electric Mini Excavator, JCB’s 19C-1E]
For the ones financing used machines, Texas consumers once more ruled, accounting for 7.2% of overall gadgets bought. North Carolina added every other 5.1%, and Tennessee accounted for 4.7% of all gross sales.
EDA knowledge is compiled from state UCC-1 filings on financed development apparatus. EDA regularly updates this information as data comes in from every state. Relying on the kind of gadget, financed machines can constitute 40 to 75 % of the overall collection of machines of that sort bought in the USA. EDA does now not observe machines purchased by way of money or letter of credit score.
Used Mini Excavator Gross sales
Used mini excavators costs remained moderately flat all through the 12-month duration from June 1, 2023 to Might 31, 2024, in step with Fusable’s EquipmentWatch marketplace development knowledge.
The common ticket for a used mini excavator used to be $49,669 in the second one quarter of 2023 in comparison to $49,370 in all through the similar duration in 2024. The common age of used mini excavator additionally noticed little motion all through the duration, shedding somewhat from 4.93 years to 4.64 years. The common age and worth had been calculated the usage of 196,763 resale listings all through the duration in the EquipmentWatch database.
EquipmentWatch
Mini Excavator Public sale Costs
When inspecting the 20 mini excavators bought for the 12-month duration of June 1, 2023 to Might 31, 2024, in relation to public sale value, Caterpillar took 15 of the highest 20 value spots, with Bobcat and Kubota claiming the opposite positions at the listing.
In keeping with the EquipmentWatch public sale value information, the highest public sale value paid for a mini excavator all through this time used to be $145,000 for a Bobcat e50 at a J.M Wooden Public sale Corporate sale in Bernard Law Montgomery, Alabama, on March 21, 2024. The original gadget featured a Wilson amphibious undercarriage for wetlands paintings.
Fusable, the dad or mum of Apparatus International, owns EDA and EquipmentWatch.
