Penton's EquipmentWatch, the world's leader in heavy construction research, used equipment pricing and auction intelligence, has just released the "2015 Winter Mega Auction Analysis," an annual report that identifies unique benchmarks and performance indicators of the annual February heavy equipment auction market around Kissimmee, FL.
"We know how important the February auctions are as an indicator of industry activity," said Garrett Schemmel, Managing Director of EquipmentWatch. "The '2015 Winter Mega Auction Analysis' measures the composition of equipment types sold by each auctioneer along with trends in age and price for several key equipment types. In doing so, we're able to provide insights that help buyers and sellers of equipment make better-informed decisions."
The report is targeted for equipment managers, renters and sellers, but also has critical implications for professionals in the equipment finance and inland-marine insurance industries. Key findings from the "2015 Winter Mega Auction Analysis" report include:
- Excavators were the most common equipment type sold across the three major auction houses
- Compared with 2014, age on market was up for 5 of 6 major equipment types studied
- Prices controlling for age were down from last year for larger equipment types such as Articulated Wheel Loaders
The report is focused on data collected between January 31 and March 1, 2015, and analyzed in context using data drawn from EquipmentWatch's extensive auction database of 1.3+ million records. This database is available to query for EquipmentWatch subscribers through our data mining tool for those who want to prove their own hypotheses in a quantitative manner.
EquipmentWatch has made this report available for free download on the EquipmentWatch Intelligence at this site.