By Jordanne Waldschmidt from Equipment World

Article Summary

New financed mini excavator sales in the U.S. fell 7.7% year-over-year to 32,500 units from June 2025 to May 2026, while used machine sales jumped 13.1%, indicating that high prices are pushing contractors toward more affordable used equipment and rentals. Caterpillar narrowly leads the market with 23.3% share, followed by Kubota at 22.4% and Bobcat at 17.1%.

• New Mini Excavator Sales: 32,500 units sold (down 7.7% year-over-year) from June 2025 to May 2026
• Used Mini Excavator Sales: 12,725 units sold (up 13.1% year-over-year), indicating growing demand for affordable alternatives
• Market Leaders: Caterpillar 23.3%, Kubota 22.4%, Bobcat 17.1% of new financed sales
• Top Models: Kubota KX040-5 (2,120 units), Cat 305 CR (1,992 units), Deere 35 P-Tier (1,855 units)

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Quick Data is Equipment World’s monthly analysis of new and used financed construction equipment sales trends, pricing data and auction sales activity by product category. The reports use Fusable’s proprietary EDA and EquipmentWatch market data. EDA and EquipmentWatch are owned by Fusable, parent company of Equipment World.

New financed mini excavator sales in the U.S. fell year over year, while sales of used machines grew.

The results suggest that buyer demand remains high, but the affordability of new machines is driving more contractors toward depreciated used models or rental.

More than 32,500 new financed mini excavators were sold from June 1, 2025 to May 31, 2026, according to Fusable’s latest EDA equipment finance data, a 7.7% decrease from the same period last year. Mini excavators are the second-highest selling product, behind compact track loaders, accounting for 21.5% of all new financed sales.

Caterpillar narrowly overtook Kubota as the top-seller of new financed mini excavators during the period, with 23.3% of new financed sales, or 7,588 units. Second-place Kubota sold 7,270 units for 22.4% market share, and Bobcat held onto its third-place position year-over-year with 17.1% share, or 5,572 units.

Top Makes and Models of New Financed Mini Excavators in the U.S.

Manufacturer	New Financed Units Sold	% of Units
Caterpillar	7,588	23.3%
Kubota	7,270	22.4%
Bobcat	5,572	17.1%
Deere	4,966	15.3%
Takeuchi	1,054	3.2%

The most popular models with buyers, based on the number of units financed, were the Kubota KX040-5, Cat 305 CR and Deere 35 P-Tier. The chart below outlines key specs for the top 10 selling models:

Make/Model	Units Sold	Operating Weight	Horsepower
Kubota KX040-5	2,120	9,182 – 10,417 lb	40.3 hp gross
Cat 305 CR	1,992	12,688 lb	45 hp net
Deere 35 P-Tier	1,855	8,135 lb	23.3 hp net
Kubota KX057-5	1,564	12,346 – 13,106 lb.	47.6 hp gross
Cat 306 CR	1,274	15,766 lb	55.9 hp net
Deere 50 P-Tier	1,168	10,847 lb	35.9 hp net
Bobcat E35i	1,084	7,892 lb	33.2 hp
Cat 304	1,084	9,867 lb	45 hp net
Deere 60 P-Tier	1,022	13,620 lb	53 hp net
Cat 308 CR	878	18,493 lb	69.5 hp net

Kubota debuted its industry-leading KX040-5 at last year’s World of Concrete, bringing more features, a quieter, roomier cab and improved hydraulics. To get a closer look at the 40.3-gross-horsepower KX040-5, check out walkaround video below:

Caterpillar revealed another batch of updates for its 5- to 10-metric-ton compact excavators at the 2025 Utility Expo. To find out what’s new on the 305 CR, watch our video below:

For more information on the latest and popular mini excavator models from Bobcat, Case, Cat, Develon, Hitachi, Hyundai, JCB, John Deere, Kato, KOBELCO, Komatsu, Kubota, LiuGong, Mecalac, New Holland, Sany, Takeuchi, Volvo, Wacker Neuson, XCMG and Yanmar, check out Equipment World’s 2026 Mini Excavator Buyer’s Guide.

Texas was the largest market for new financed mini excavator sales, with 3,144 units sold in the state, or 9.7% of all sales. Florida followed with 2,036 units sold, or 6.3%, and North Carolina was a close third with 2,033 units sold, also sitting at 6.3%.

Used Financed Mini Excavator Sales

Used financed mini excavator sales jumped 13.1% to 12,725 units sold from June 1, 2025 to May 31, 2026, compared with 11,253 units sold during the same period last year. Of used equipment categories, mini excavators saw the third-most sales, behind compact track loaders and full-size excavators, accounting for 15.5% of total units sold.

Top Makes and Models of Used Financed Mini Excavators in the U.S.

Cat held onto the top spot for another year, with 21.8% of all used financed mini excavator sales, while Bobcat accounted for 18.6%, and Kubota had 17.5%.

Manufacturer	Used Financed Units Sold	% of Units
Cat	2,778	21.8%
Bobcat	2,367	18.6%
Kubota	2,241	17.5%
Deere	1,932	15.2%
Takeuchi	603	4.7%

Prized models included the Deere 35G, Kubota KX040-4 and Deere 50G.

Make/Model	Units Sold	Operating Weight	Horsepower
Deere 35G	503	8,135 lb	23.3 hp
Kubota KX040-4	436	9,195 – 10,360 lb	40.4 hp
Deere 50G	389	10,847 lb	35.9 hp
Bobcat E35	345	7,909 lb	33.5 hp
Bobcat E42	330	9,830 lb.	42.6 hp
Cat 308 CR	297	18,493 lb	69.5 hp
Bobcat E50	285	11,876	49.7 hp
Cat 306 CR	269	15,766 lb	55.9 hp
Cat 305E2 CR	255	11,443 lb	40.2 hp
Bobcat E35i	232	7,892 lb	33.2 hp

Texas buyers snapped up more financed used mini excavators than those in any other state, with 824 units, or 6.5% of sales. Tennessee came in second with 668 units, or 5.3%, and North Carolina rounded out the top three with 599 units, or 4.7%.

EDA data is compiled from state UCC-1 filings on financed construction equipment. EDA continually updates this data as information comes in from each state. Depending on the type of machine, financed machines can represent 40 to 75 percent of the total number of machines of that type sold in the United States. EDA does not track machines bought by cash or letter of credit.

Used Mini Excavator Price & Age Trends

Contractors looking for the best deal on used mini excavators should start researching machines now and consider timing a purchase for the fourth quarter when prices historically tend to drop, according to Fusable’s EquipmentWatch market data. Prices on used mini excavators generally increase in the first quarter ahead of the busy season in certain regional markets.

Used mini excavator prices have remained relatively flat over the past year, fluctuating in within $46,000 to $47,000 range from June 1, 2025 to May 31, 2026. The average age of used mini excavators increased slightly during the period from 4.8 to 5.7 years. The average age and price were calculated using 264,724 resale listings during the period in the EquipmentWatch database.

EquipmentWatch defines fair market value (FMV) as the monetary value of an asset that can be expected in a transaction with a single seller and single buyer, neither of whom is under any compulsion or time restriction to complete the transaction. FMV for heavy equipment is most closely associated with the private resale market, as opposed to the public auction market.

Mini Excavator Auction Prices

Looking at the top 20 mini excavators sold between July 1, 2025, and June 30, 2026, in terms of auction price, Caterpillar controlled the rankings, claiming 15 of the top 20 price spots. Mecalac, recently purchased by the France-based Fayat Group, picked up three spots with its 6MCR crawler-skid excavator, a unique machine that combines a compact excavator with a compact track loader. Bobcat and Deere each nabbed one spot on the list.

According to the EquipmentWatch auction price guide, two machines sold by Ritchie Bros. tied for the top auction price paid for a mini excavator during the period:

• A 2023 Mecalac 6MCR with 91 hours sold for $91,000 in Mead, Colorado, on October 3, 2025.
• A 2024 Cat 306 CR with 196 hours also sold for $91,000 in Newnan, Georgia, on May 28, 2026.

To view other top models sold at auction, check out the chart below:

Make/Model	Year(s)	Units Sold	Hours	Price
Caterpillar 306 CR	2020 – 2024	11	99 – 2,000	$69,000 – $91,000
Caterpillar 305 CR	2022 – 2024	4	52 – 830	$67,500 – $82,500
Mecalac 6MCR	2022 – 2023	3	81 – 131	$71,000 – $91,000
Bobcat E60	2023	1	128	$68,905
Deere 60 P-Tier	2024	1	74	$68,000