Uncover the Construction Equipment Market's November 2024 Trends

U.S. Used Medium-Duty Construction Equipment

In this market, inventory levels are showing a relatively stable trend. In November, there was a 1.14% month-on-month (M/M) decrease in inventory, yet it was 19.2% higher than the previous year. The wheel skid steer category witnessed the most substantial M/M inventory decline of 3.33% and the largest year-on-year (Y/Y) inventory increase at 29.17%.

For several months, asking values have been on a downward trajectory. In November, asking values decreased by 1.83% M/M and 5.99% Y/Y. The loader backhoe category experienced the largest M/M asking value drop at 3.48%, while the wheel skid steer category showed the most significant Y/Y asking value decrease of 8.62%.

U.S. Used Heavy-Duty Construction Equipment

In the U.S. heavy-duty construction equipment market, inventory levels decreased by 1.08% M/M in November but remained 16.78% higher than the previous year. The wheel loader category had the largest M/M inventory decrease at 2.07% and also exhibited the highest Y/Y inventory increase of 32.03%.

In this market, asking values decreased by 1.42% M/M and were down 6.48% Y/Y. The crawler dozer category saw the steepest M/M asking value decline at 1.98%, while the crawler excavator category posted a Y/Y asking value drop of 7.63%.

Canada's November 2024 Construction Report

Sandhills also presented its November 2024 Construction Report for Canada, shedding light on the local construction equipment market. The report likely provided similar insights and trends as seen in the U.S., with potential variations based on the Canadian market dynamics.

These findings offer valuable perspectives for industry stakeholders, helping them make informed decisions and navigate the ever-changing construction equipment market.