MARKET INSIGHT: Used Heavy Machinery and Industrial Vehicles, European Edition Q4 2020
New Year, New Hopes
Although 2020 might feel like a difficult year for many, the used heavy equipment and trucks market has remained strong with its pricing and demand. In auction sales, which pivoted successfully from an on-site model to an on-line business model in a matter of days, the pricing on machines has only dropped by a few percentages. With listings, we have noticed a somewhat longer sales period during 2020, but also only by a small percentage. All in all, the market for used heavy equipment and trucks has managed to remain in strong shape. Here, the support from government and banks in most European countries has been of utmost importance and the key to a positive outcome.
At the beginning of 2021, a breath of optimism emerges in the market. OEM’s production lines have restarted and are up to full capacity while everyone is expecting to go back to a normal business pace. We are looking forward to continuing our data analysis going into 2021 and supply these market insights to you periodically. We are also continuously working on improving our valuation support system and capital adequacy services to match and supersede future requirements from our clients.
In this Market Insight report covering the last quarter of 2020, we take a closer look at the performances of used crawler excavators, wheel loaders, agricultural tractors and combine harvesters on the European market.
Download this pdf report for free and discover the latest trends in the industry. We hope you will find this reading interesting.
We are investigating the Volume and Buying Demand Trends on the European used equipment market by analysing data collected since 2019 via our channels:
▸ Mascus – Online listings
▸ Ritchie Bros. – Unreserved onsite auctions
▸ Marketplace-E – Reserved online marketplace
Here are a just a few interesting findings from our report:
CRAWLER EXCAVATORS
At the beginning of 2020, we could see a small increase in listed items for sale on Mascus, followed by a slight decline in Q2. The trend picked up in Q3 and the volume of objects for sale was at its highest in the final quarter of 2020.
Top 5 most demanded crawler excavator brands and top 5 countries where most buying requests for crawler excavators came from, based on email requests sent via Mascus during the last quarter of 2020:
Download this pdf report for free and discover the latest trends in the industry. We hope you will find this reading interesting.
Product Manager, Business Intelligence and Valuation Services
Johan has been working with market analysis and price evaluations for the last 15 years. With this new report, It gives him great pleasure to be able to share a small portion of our knowledge and data to help our clients make safe decisions in their everyday work. We at Ritchie Bros. and Mascus are the main creators of sales data in Europe which means that we have a unique insight into the used heavy equipment and trucks market and its developments.
