Now Is the Season to Sell Your Used Equipment
Have you ever heard the term “bumper crop?” Those with an agriculture background are likely familiar with the term. In the context of agriculture, “bumper crop” refers to an unusually productive harvest season. Well, friends, we are currently living through a “bumper crop” for used equipment. Due to a combination of factors—supply chain, labor shortages, economic conditions—we are currently witnessing unprecedented value returns for used equipment. In short, now is the season to sell your used equipment.
These historically great returns are occurring across multiple sectors. We’re seeing especially phenomenal results with construction equipment and heavy equipment. Trackhoes, dozers, excavators, skid loaders, trucks—you name it, if it’s heavy machinery, it’s producing tremendous value for sellers right now.
One of the most exciting aspects about this trend is that we’re seeing it happen across a broad range of price points. To illustrate, let us share a few examples from recent auctions, where items outperformed expectations.
2020 Kenworth T800 Quad Axle Dump Truck
Sale price: $225,500
2013 LoadTrail 16’ Tri-Axle Dump Trailer
Sale price: $15,525
Case 1845 Gas Skid Loader with 62” Bucket
Sale price: $6,900
As these examples illustrate, regardless of price point, the current conditions are ripe for heavy equipment to fetch handsome returns for sellers.
So, if you’ve been sitting on some used equipment, waiting for just the right moment to cash in on your heavy machinery, wait no further. Whether it’s a truck, a forklift, or anything in between, now is the season to sell your used equipment. Strike now during this “bumper crop” season because there’s simply no telling how long this unique moment will last. If you’re interested in actualizing the value of your used equipment, please get in touch with us today. We’re here to help, and, as always, we look forward to building value together.
Curt Werner: 612-701-8677 | Curt@bid-2-buy.com
Landon Werner: 763-360-8655 | Landon@bid-2-buy.com
