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Equipment Update

RR111319 equipmentNov. 13, 2019 – According to Rouse's October 2019 Equipment Report, values through the third quarter of 2019 for general construction and heavy earthmoving equipment have softened in the auction channel. Conversely, there have been some bright signs in the retail channel where values have been between flat and slightly improved. This trend first surfaced in February’s major auction events. Heavy earthmoving products were the first to be impacted, with observed downward pressure on excavator values and – to a lesser extent – dozers and wheel loaders. As the year progressed, similar patterns have appeared across general construction products, namely aerial equipment, telehandlers. and light and medium earthmoving equipment. The downward trend in equipment values comes on the back of very strong results in 2018, which represented a market peak for many products. In addition to the price weakness in the used equipment markets, Rouse has observed a notable spike in volumes (units) of equipment that has been coming for sale into the auction channel.