EquipmentWatch May 2022 Market Report
The May 2022 EquipmentWatch Market Report was just released. Equipment values continue to outpace rates seen in 2021 and 2020. However, the rate of increase appears to be slowing.
Notable updates include:
- Auction activity sank after increasing significantly in April 2022. Construction equipment auction activity was down 53.4% compared to last month.
- Long-term trends for lift/access equipment indicate prices are rising after sinking in mid-2021. Average FMV was up 8.8% over April 2021.
- Agriculture equipment buyers have newer equipment to choose from. 2021 was the most popular model year on the resale channel, likely driven by a large amount of Deere tractors entering the secondary market.
Even though many experts predict a slowdown in inflation, there are potential hurdles ahead. Some economists warn that a recession is on the horizon, and there’s no end in sight to high gas prices. Keep up with these monthly reports so you can make informed decisions about your next purchase or sale.
Download the full report here.