{"id":41862,"date":"2024-01-19T07:27:41","date_gmt":"2024-01-19T07:27:41","guid":{"rendered":"https:\/\/www.my-equipment.com\/blog\/?p=41862"},"modified":"2024-01-10T07:53:19","modified_gmt":"2024-01-10T07:53:19","slug":"vintage-heavy-machinery-in-demand-aging-inventory-brief","status":"publish","type":"post","link":"https:\/\/www.my-equipment.com\/blog\/2024\/01\/vintage-heavy-machinery-in-demand-aging-inventory-brief\/","title":{"rendered":"Vintage Heavy Machinery In Demand: Aging Inventory Brief"},"content":{"rendered":"<p>It has been four years since the pandemic and the global markets are bearing the inflationary waves. All businesses were shoved off by the deficiencies but the global supply chain market was and still is the most affected sector.<\/p>\n<p>Mainly, the heavy machinery supply and demand graphs have witnessed sinusoidal waves. High demands forced <strong>heavy equipment suppliers<\/strong> and manufacturers to level up, adjust, and come up with strategies to stay ahead.<\/p>\n<p>Time heals wounds and with that being said heavy-moving machinery sector is also stabilizing. Mentioned below are the latest market insights reflecting the dynamic supply and demand of various used heavy construction equipment.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/01\/vintage-heavy-machinery-in-demand-aging-inventory-brief\/#The_Supply-Demand_Synopsis_For_Used_Excavators_Market\" >The Supply-Demand Synopsis For Used Excavators Market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/01\/vintage-heavy-machinery-in-demand-aging-inventory-brief\/#The_Supply-Demand_Synopsis_For_Used_Tractors_Market\" >The Supply-Demand Synopsis For Used Tractors Market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/01\/vintage-heavy-machinery-in-demand-aging-inventory-brief\/#The_Supply-Demand_Synopsis_For_Used_Wheel_Loader_Market\" >The Supply-Demand Synopsis For Used Wheel Loader Market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/01\/vintage-heavy-machinery-in-demand-aging-inventory-brief\/#The_Supply-Demand_Synopsis_For_Used_Telehandler_Market\" >The Supply-Demand Synopsis For Used Telehandler Market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/01\/vintage-heavy-machinery-in-demand-aging-inventory-brief\/#MY-Equipments_Take_On_Aging_Inventory_Its_Future\" >MY-Equipment\u2019s Take On Aging Inventory &amp; Its Future<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.my-equipment.com\/blog\/2024\/01\/vintage-heavy-machinery-in-demand-aging-inventory-brief\/#Upgrading_the_fleet_is_easier_with_MY-Equipment\" >Upgrading the fleet is easier with MY-Equipment!<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"The_Supply-Demand_Synopsis_For_Used_Excavators_Market\"><\/span>The Supply-Demand Synopsis For Used Excavators Market<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The used excavator market saw a notable uptick, evident in an 11.5% year-over-year increase in auction values and an 8.8% year-over-year rise in asking values.<\/p>\n<p>The South Central region led this surge, experiencing a robust 16.4% YOY increase in auction values and a 12.5% YOY rise in asking values, totaling $152.5 million.<\/p>\n<p>With a 3% month-over-month decrease in inventory, the South Central region witnessed a more substantial 10.1% decrease.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Supply-Demand_Synopsis_For_Used_Tractors_Market\"><\/span>The Supply-Demand Synopsis For Used Tractors Market<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The <strong><a href=\"https:\/\/www.my-equipment.com\/blog\/2023\/03\/inventory-of-used-tractors-climbed-up-in-february\/\">used tractor market<\/a><\/strong> displayed robust growth, with auction values rising by 11.1% year-over-year (YOY) and asking values following suit with an 8.7% YOY increase.<\/p>\n<p>Despite a significant 22.6% YOY decrease in inventory, there was a notable improvement from February&#8217;s 29.1% YOY inventory decline.<\/p>\n<p>The North Central region stands out with the highest total tractor equipment value at $585.8 million, boasting the highest average auction value ($70,000) and asking value ($82,000) nationally.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Supply-Demand_Synopsis_For_Used_Wheel_Loader_Market\"><\/span>The Supply-Demand Synopsis For Used Wheel Loader Market<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The used wheel loader market has hit a total revenue of $448.8M across the United States. Especially the <strong><a href=\"https:\/\/www.my-equipment.com\/wheel-loaders\">used wheel loaders for sale<\/a><\/strong> that are aged from 0 to 5 years and have a Y\/Y inventory ratio of 30%.<\/p>\n<p>It marks one of the largest groupings in terms of inventory trends for the low HP wheel loader category.<\/p>\n<p>The demand is increasing and so are the wheel loader providers gearing up to meet the supply chain needs.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-41864\" src=\"https:\/\/www.my-equipment.com\/blog\/wp-content\/uploads\/2024\/01\/The-Supply-Demand-Synopsis-For-Used-Wheel-Loader-Market.png\" alt=\"\" width=\"534\" height=\"309\" srcset=\"https:\/\/www.my-equipment.com\/blog\/wp-content\/uploads\/2024\/01\/The-Supply-Demand-Synopsis-For-Used-Wheel-Loader-Market.png 534w, https:\/\/www.my-equipment.com\/blog\/wp-content\/uploads\/2024\/01\/The-Supply-Demand-Synopsis-For-Used-Wheel-Loader-Market-300x174.png 300w\" sizes=\"auto, (max-width: 534px) 85vw, 534px\" \/><\/p>\n<p><span style=\"color: #808080;\"><i>A graphical representation of the total number of used wheel loaders sold in the United States in North (452), South (211), and West (62) regions in the last quarter of 2023\u00a0<\/i><\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Supply-Demand_Synopsis_For_Used_Telehandler_Market\"><\/span>The Supply-Demand Synopsis For Used Telehandler Market<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The inventory trend for <strong>used telehandlers<\/strong> witnessed a growth of 67% Y\/Y. All the equipment that lies under this trend aged 0 to 5 years which is a significant volume overall.<\/p>\n<p>Moreover, the five major suppliers of Telehandlers including Skytrak, Genie, JLG, JCB, and Caterpillar hit a total revenue of $11 million in November and December.<\/p>\n<p>As far as the manufacturer&#8217;s yearly sales are concerned they make $266.7M together.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-41863\" src=\"https:\/\/www.my-equipment.com\/blog\/wp-content\/uploads\/2024\/01\/The-Supply-Demand-Synopsis-For-Used-Telehandler-Market.png\" alt=\"\" width=\"526\" height=\"326\" srcset=\"https:\/\/www.my-equipment.com\/blog\/wp-content\/uploads\/2024\/01\/The-Supply-Demand-Synopsis-For-Used-Telehandler-Market.png 526w, https:\/\/www.my-equipment.com\/blog\/wp-content\/uploads\/2024\/01\/The-Supply-Demand-Synopsis-For-Used-Telehandler-Market-300x186.png 300w\" sizes=\"auto, (max-width: 526px) 85vw, 526px\" \/><\/p>\n<p><span style=\"color: #808080;\"><i>A graphical representation of the total number of used telehandlers sold in the United States in North (211), South (132), and West (98) regions in the last quarter of 2023<\/i><\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"MY-Equipments_Take_On_Aging_Inventory_Its_Future\"><\/span>MY-Equipment\u2019s Take On Aging Inventory &amp; Its Future<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>While both excavator and tractor inventories experienced declines, these figures suggest a robust demand for used heavy equipment.<\/p>\n<p>On the other side, used wheel loaders and telehandlers made noticeable profits of $448.8M and $266.7M respectively, nationwide.<\/p>\n<p>The market&#8217;s elevation hinges on capitalizing on regional variations, embracing technological advancements, and fostering strategic partnerships, offering significant opportunities for heavy machinery suppliers and buyers alike to navigate and thrive in this dynamic landscape.<\/p>\n<p>As a renowned used heavy machinery supplier, MY-Equipment believes the selling scope of opportunities for aging inventory will only widen with an increasing number of construction projects.<\/p>\n<p>As the more the number of projects, the more will be the need for used heavy machinery.<\/p>\n<p>Additionally, we have <b>good news<\/b> for you, if you want to buy used heavy machinery at reasonable rates, <strong>visit MY-Equipment.com<\/strong>, explore our quality inventory, and be our guest!<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Upgrading_the_fleet_is_easier_with_MY-Equipment\"><\/span><em><strong>Upgrading the fleet is easier with MY-Equipment!<\/strong><\/em><span class=\"ez-toc-section-end\"><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>It has been four years since the pandemic and the global markets are bearing the &hellip; <a href=\"https:\/\/www.my-equipment.com\/blog\/2024\/01\/vintage-heavy-machinery-in-demand-aging-inventory-brief\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Vintage Heavy Machinery In Demand: Aging Inventory Brief&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":41865,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,126],"tags":[1088,1087,1062],"class_list":["post-41862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-heavy-construction-equipment","category-news","tag-used-excavators-market","tag-used-tractors-market","tag-wheel-loader-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vintage Heavy Machinery In Demand: Aging Inventory Brief - Heavy Equipment Market Insights | News | Guides &amp; 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