Any one have an idea of which brands of compact track loads loose there market value the fastest? Your thoughts as to why these makes loose value faster then others? Your thoughts as to which manufacturers loaders are junk and should not be purchased used?
I think the answers you are likely to get are going to be based on feeling instead of facts. What I would suggest is to run a survey on MachinerTrader.com. Pick your manufacturers and models and then do searches based on year of manufacture. For example do a search on 2013 Cat 262 both at auction and for sale on the retail markets. Compile the data for each and average the results. Then pick a comparable Case, Deere, Bobcat and so. Now you have data that will give you most of your answer. Then come back here and ask for preferences. Good Luck!
I think it is pretty tough to get a really accurate picture of that. Because resale is actually a derived from a % of purchase price you need to know what was paid for it. Cruising Machinery Trader will give you an idea of what asking price for machines are and that has some but perhaps limited value since you don't know what the sale price is. Auction results are if helpful but condition especially on compact equipment is a big driver into what something brings. Lastly a machines reputation good or bad does often not reflect the current status of a machine. An example would be The Kubota 95-2. The first series was pretty well received, the newest version is not so much. Continued emission issues as well as incompetent dealer service have changed a lot of minds in a negative way. So I am not sure what your goal is, but the information you get back will likely be problematic. I think it is better to look at it like this, a new machine regardless of color will cost you 18% of purchase price in the first year/500 hours in depreciation. I made up the number but I think it is likely pretty close. As to what machines run well and what doesn't, pick your used machine and visit the dealer that works on them, talk to the service manager and mechanics, get on the net and seek feedback and when you see a machine working, stop and talk to them if possible. You can learn a lot from the guy that runs it everyday.
It all comes down to dealer support in the end, especially with all the emissions and electronics now. I know what dealers are good for me and which ones I wouldn't give a dime to at this point in my career, that makes it easy as to what machine I will or won't look into....
Yep, dealer support and regional acceptance. Some parts of the country just seem to like certain brands better than others. Here in north Texas, I think Mustang, ASV, JCB, and Volvo take a real hit in resale pricing. Might not be a thing wrong with them, but those brands just do not sell as well here.
When you look at whole markets of assets, in this case skid steer loaders, this is called a Macro assessment. When you look at individual items it's known as a Micro assessment. We are using confirmed sales and asking prices as a measure of the public's perception of which machine is good and which are thought of as not so good. By reviewing the markets you can determine the ranges of values. As an example, if average asking prices are $100K and average auction sales are for the same year and model of machine is $35K you know there is a discrepancy between sellers and end users. In this case $65K represents a broad disparity between perception and reality. You can also look at the numbers of units on the market at any one time. If you have 100 units being offered for sale nation wide and 200 or them have been sold at auction, you have another clue to what the end user's opinions are of that product. Sure there are other factors involved but the markets take out the issues of opinions, technologies and support. All that stuff can be discerned by doing a little home work.
Dealer/parts support is definitely a serious consideration unless you are just looking for a toy to play around with. Regardless of all else if you cannot fix it it is useless. What also needs to be considered is waht you intend to do with it and how do like operating it. When we bought our ASV we tried everything from A-Z. Had quite a few loaners or rentals and even though there was less dealer network and brand recognition it was clear that, for us , the ASV was a clear winner. A ctl was a must along with high 360 visibility. I've worked alongside other brands doing the same thing and still stand by our choice. In our fields, digging trees, the ASV is tops. But - hit the pavement and start loading trucks and I park it in favor of any skidsteer with wheels. Way faster and easier to maneuver. A machine may hold its value but if it doesn't suit your needs its useless. As for price and holding value, at almost any auction, for any type of equipment I see Cat going for more than other brands of similar size and condition. People also pay crazy money just because it says Bobcat on the side. When I buy used - condition is key. I'll take a well maintained lesser name brand with twice the hours over a 'big name' beater with a spray can overhaul.
yea, i hear "i got a great deal on my used skid steer" can you fix it? does any body work on them? the closest dealer is 300 miles away. you may find a dealer for XYZ brand, but typically XYZ brand is a 2nd, 3rd or 4th line of equipment for the dealer, or in some cases, if an independent shop does decide to work on it, they dont have the technical knowledge to diagnose a problem. we get calls a couple times a month AFTER my buddy, the mechanic, "fixed" my machine, and now it's doing XXX.... sometimes a simple, low cost repair turns into a high dollar repair mr customer already paid someone to screw something up, but the dealer charge too much.
They all do....you pay more at start get more in the end...like a cat....pay less at start get less at end....main brands sell easier...off brands not so much....i get rid of mine every 3 years....costs me about half....i get nh,cat, and sometimes bob cat....cat and nh sell very well