Q4 2023 Equipment Market Update - Construction Equipment Resale Values continue to slow.
Winter is a time with snow-covered trees, the stock market dips; and the equipment market continues to slows too.
Construction
Construction equipment FMV remained consistently strong, with values holding at an average of $105,498 in Q3 2023, showing a marginal decrease from the previous month.
Lift/Access
Fair Market Values for Lift/Access equipment saw a notable uptick in September 2023, reaching an average of $34,584, but industry experts foresee a possible softening trend in the coming year.
Agriculture
FMV for agriculture equipment experienced a significant surge, reaching an average of $45,201 in September 2023, reflecting strong demand. Despite rising FMV, auction prices continue to remain high, with no immediate sign of alignment with FMV figures, leaving industry experts to wonder when supply will catch up with demand.
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.
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(250) 929-2929
