June 2024: Snapshot of Wheel Loader Sales and Trends in the USA

The used equipment market in the USA always stays in the alluring situation, keeping all the industry experts invested. As the wheel loader is one of the most sought-after machines, people always want to know What is happening in the Wheel loader market. How did the leading brands perform and which sector took the lead in selling used wheel loaders? Let’s unveil the facts.

Leading Brands Sales Performance

In the USA, some of the leading brands have already made their strong base in the construction industry by providing reliable and strong equipment such as wheel loaders. The outperforming brands among all of them are as follows:

Caterpillar

With a substantial share of the market for used wheel loaders, Caterpillar was able to maintain its leadership. In June 2024, the brand declared a market worth of $630.0 million. With the reliability and robustness of their product, Caterpillar managed to outperform the market among all.

Komatsu

Komatsu also kept its pace in the used wheel loader market in June. The brand attracted a wide range of consumers with its inventive features and competitive price, resulting in a $105.6 million market valuation.

Volvo

Volvo, a brand well-known for innovative technology and economical equipment, also performed pretty well. The brand’s focus on operator comfort and sustainability made it a popular option for consumers, which helped it reach a market value of $50.4 million.

Case

Case, which has a $146.0 million market value, showed good sales as well. The brand’s performance in the market was largely attributed to its wide selection of models and strong after-sales assistance.

Deere

According to Deere, their market worth was $42.8 million. In the most uncertain equipment industry, the brand’s strong reputation for performance and quality guaranteed consistent sales. People still prefer to opt for Deere when it comes to the used wheel loaders for sale.

Regional Share of Sold Inventory

The percentage of inventory sold in each of the USA’s regions indicates the dynamics of supply and demand in these locations. The sales trends in these major US regions are recorded and broken down for better understanding.

North Central

With 10.0% of the inventory sold, the North Central area had a market value of $233.0 million. The auction price was recorded as $80K, whereas the average asking price was $50K. Wheel loaders have been in consistent demand due to the part of the urban construction boom. However, the equilibrium of inventory levels suggests a stable market, free from major supply limitations.

South Central

Having sold 9.3% of the total inventory and having a market value of $100.4 million, the South Central region saw better sales volumes. The auction price was $90K, whereas the average asking price was $54K. Wheel loaders were in high demand due to commercial developments and infrastructure projects in this region, which accelerated inventory turnover.

North East

With 10.7% of the inventory sold, the market value in the Northeast was $170.6 million. The auction price was $72K, whereas the average asking price was $44K. Wheel loader demand in the agriculture sector varied, which affected overall sales success. Still, there was potential for growth in the area considering the upcoming construction projects.

South East

The Southeast region recorded strong sales, accounting for 9.8% of the inventory sold and having a market value of $102.9 million. The auction price of the used wheel loader for sale was $76K, whereas the average asking price was $45K. Wheel loaders were in high demand due to the recovery of the oil and gas industry and the rise in construction activity, creating a dynamic market in this region.

West

The West region sold 9.9% of the inventory and had a market value of $121.4 million, indicating high sales results. The auction price was $77K, whereas the average asking price was $50K. Wheel loaders were in high demand because of the region’s many industries, which included building and mining. Healthy inventory levels guaranteed a consistent supply to satisfy market demands.

What Factors Drive These Sales Trends?

– Buyer interest in brands that integrated modern technologies, such as telematics and autonomous operation, surged. End users found these features appealing because they increased productivity and decreased operating expenses.

– Demand for low-emission, eco-friendly wheel loaders was rising. Companies that provided hybrid or electric models were able to outperform their rivals and follow the trend of the industry toward greater sustainability.

– Interest rates and building expenditures were two major factors affecting wheel loader sales in the economy. Strong economic growth was reflected in stronger sales and inventory turnover in the regions.

– Brands with large service networks and fast access to parts continued to have happier customers, which increased sales.

Source: Sandhill’s Report

In this uncertain market, you can still grab the best and top-tier wheel loader from our inventory at MY Equipment. We are based in Houston, Texas and dealing with the quality used equipment in states and across the border. Explore our website now and see what we have to offer you.

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