37
Going, going, GONE!
The used equipment market for auctioneers isn’t as hot as it has been. As less equipment rolls
in from rental houses, supply has weakened and prices are up.
Lindsey Anderson
reports.
many rental companies had focused on
refleeting, but for the first time in years, the
T30 shows signs of rental growth as large and
mid-sized companies push 2013 telehandler
numbers to 2008 levels.
“We’re seeing less telelehandlers at
auctions,” Siddle says. “Dollar wise and
population wise, we’re tracking close to what
we saw last year, but telehandlers have a little
bit more of a range as far as who picks them up
and who owns them for their second life.”
But at IronPlanet, Hendrix says the opposite is
happening.
“At auctions we are seeing more telehandlers,
scissor lifts and telescopic booms,” he says.
I
t’s all about supply and demand. At auctions
across the U.S., buyers are finding slightly
higher prices due to less equipment at sites.
“With the downturn, we witnessed rental
companies extending their cycle times longer
on certain pieces of equipment because the
values came down quite a bit,” says Dean
Siddle, senior valuation analyst at Ritchie Bros
Auctioneers. “As a result, rental companies
have fewer pieces of equipment to put in the
marketplace as they order new equipment.”
For auctioneers, this means stronger
equipment values.
“Pricing is trending higher now than it was
last year,” says Paul Hendrix, equipment pricing
analyst with online auctioneer IronPlanet. “As
rental companies replace fleet and place orders
with manufacturers for new aerial equipment,
manufacturers have gotten behind with orders
because demand is so high. They can’t deliver
the equipment to rental companies immediately.
This delay in deliveries has created a higher
market for used equipment.”
Looking at this year versus last year, Ritchie
Bros have seen a decline in telehandler
numbers at auctions, but says scissor lifts
are still pouring in. “This is probably more so
because of the fact that there are more scissor
lifts in the market,” Siddle says. “If you look at
the population of boom lifts, scissor lifts and
telehandlers, we are seeing scissors the most
these days.”
Telehandlers have made a resurgence in
the last few years, with manufacturers upping
production to meet demand. In the most recent
Access, Lift & Handlers’
TELEHANDLER
30
toplist, which ranks North America’s
telehandler-owning rental companies by
number of units, the market gained 6.7 percent
over 2012 with a total number of units amongst
our listed companies resting at 36,153 (from
33,454 in 2012).
Since the merge and purge days of 2008,
USED EQUIPMENT
During 2013’s first quarter, Ritchie
Bros conducted 36 unreserved
industrial auctions in 12 countries.
Looking at this year versus last year, Ritchie Bros have seen a decline in
telehandler numbers at auctions, but says scissor lifts are still pouring in.
JULY-AUGUST 2013
ACCESS, LIFT & HANDLERS
