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Q3 2023 Equipment Market Update - Construction Equipment Resale Values continue to slow.


Fall is a time when kids are back in school, leaves turn orange, the weather gets colder, the stock market dips; and the equipment market continues to slows too.
 

Construction


Construction equipment resale value continues to take a dip due to owners keeping their aging equipment and the inflationary costs of materials. With material costs continue to rise, such as cement and concrete, were up 13.3% and 11.3% respectively. With these factors, there is no doubt that construction manager is tightening their belt when it comes to job costs.  



Lift/Access


Values on the resale channel for Lift/Access equipment held steady with only a .02% gain. Auction channel values dipped slightly, -1.22%, with slight increases with both age and usage. All of this points to equipment managers holding onto their used equipment.   



Agriculture


The agricultural industry continues to have a steady pattern on both resale and auction channels, with FMV inching up .01% and FLV up only .31%. New farm equipment sales are hitting a slight pause which may lead to a rise in used agriculture equipment sales.  



Source: EquipmenWatch by Randall Reilly (full report here)

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Malahat Valuation Group specializes in business valuation and real estate appraisals to owners of privately owned companies and their professional advisors. When owners need to leverage, sell or reorganize their assets, we answer the age-old question "What is it worth?".


We provide our clients and their advisors peace of mind by preparing professional valuations that stand up to scrutiny from lenders, the Courts and Canada Revenue Agency.

Malahat Valuation Group Inc.

(250) 929-2929


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