Prices for used equipment are almost the same as for new

With new construction equipment prices on the rise, it seems like you can sell young used equipment for almost the price you paid for it.

A construction equipment auction in Leeds last week revealed a huge demand for good used equipment, with some used machines changing hands for almost the original purchase price.

High residual values were especially evident for telehandlers and mini-excavators.

“Prices for telehandlers and mini-excavators were literally exorbitant, and machines with 17 and 18 plates were bringing in almost new money,” said Euro Auctions sales manager Chris Osborne.

Last week’s Euro Auction Leeds auction saw 4,600 lots sold under the hammer, ranging from brand-new to 48-month-old.

The four-day sale — both online and in person — brought in a total of nearly £39 million. About 60% of the buyers were from the U.K. and the Republic of Ireland — there was a lot of foreign interest, but they were often outbid.

Domestic buyers bought 48% of the lots by value (£18.89 million), with buyers from continental Europe making up a similar percentage (only £18.86 million).

Sales manager Chris Osborne said: “Prices were strong, with the same number of lots for sale as in January 2021. However, at this sale the gavel was £39 million, £10 million more than at the January 2021 sale. bidders were determined to buy new stock.”

He continued: “Prices for telehandlers and mini-excavators were literally exorbitant, with 17- and 18-plate machines bringing in almost new money. With good supply in the 2018 to 2021 range, there were more than 123 excavators and 22 telehandlers. less than four years. As OEMs have raised prices to their dealers three times in the last 18 months, this has had a striking effect on used equipment prices. “.

Mr. Osborne said he chose the most efficient lots out of all the equipment sold:

• 2017 Cat D6T LGP with straight blade and tilt – 2,158 hours £197,500
• 2021 Cat 301.5 mini excavator, rubber tracks, blade, offset £19,000
• Kubota KX080-4 six-ton excavator 2019. , rubber tracks, blade, offset, 1,547 hours £47,000
• Thwaites 2019 9-ton dump truck with full cab £37,500
• JCB 3CX P21 Eco backhoe loader 2019 £44,000
• Manitou MT1840 Easy Turbo 2018 telescopic loader £52,000
• JCB 535-95 Turbo Powershift telescopic loader, 2018. £42,000
• JCB 540-140 Hi Viz Turbo Powershift telescopic loader 2017. £46,000
• Kobelco SK350LC-10 20-ton excavator 2017. £89,000
• Cat 320FL 20-ton excavator 2017. £70,000
• 2016 JCB 540-170 Turbo Powershift telescopic loader £48,000
• 2014 Volvo A30G 6×6 articulated dump truck £105,000
• 2009 Volvo A25E 6×6 Articulated dump truck £62,000

Other lots sold at this sale include:

6-ton excavators.

• 2018 Volvo ECR88D rubber tracks, blade, offset 43,500 lbs.
• 2017 Cat 308E2 CR 450mm rubber tracks, blade, offset 46,000 lbs.
• 2017 JCB 86C-1 Rubber tracks, blade, offset £30,000
  

10-ton excavators.

• 2020 Wacker Neuson ET145 500-mm rubber pads 67,500 lbs.
• 2017 Hitachi ZX130LCN-6 700mm pads £55,000
• 2017 Hitachi ZX135US-6 700mm pads £61,000

20-ton excavators

• 2016 Doosan DX420LC-5 Pads 600mm, demonstration cage £50,000
• 2016 Volvo EC380EL 700mm Pads. £ 68 500
• Volvo EC300DL 700mm pads 2014. £58,000

Mini Excavators

• Sany SY50U 2021 rubber tracks, blade, offset, 3000 hours £28,500
• Kubota U55-4 rubber tracks 2014, blade £25,000
• Kubota U55-4 rubber tracks 2013, blade £22,500

Backhoe loaders

• Mecalac TLB890 Turbo Powershift backhoe loader, joystick control £54,000
• Mecalac TLB870 Turbo Powershift backhoe loader, joystick control £42,000
• Case 851EX 4WD Turbo 2021 backhoe loader, 4-in-1 bucket £32,500

Bulldozers

• 2018 Komatsu D65PX-18 6-way blade, ripper £100,000
• 2014 Cat D6T LGP with straight blade and tilt £86,000
• 2011 Liebherr PR734 LGP with straight blade and tilt £44,000

Articulated dump trucks

• 2014 Volvo A30G 6×6 Articulated dump truck, rear end £105,000
• Bell B50D 6×6 articulated dump truck 2012 £50,000
• Terex TA300 6×6 articulated dump truck 2010, rear end £40,000