US: Big Machines, Huge Demand
Announcement posted by DesignBuild Source 09 May 2012
Equipment
Following a bumper year in 2011, demand for second-hand cranes and heavy transport equipment is just as strong this year, according to some of the nation’s biggest auctioneers.
Last year, according to a report in American Cranes & Transit magazine, auctioneer Ritchie Bros. sold more than 1,000 used cranes throughout the US. As of mid-March this year, Ritchie’s chief sales officer Steve Simpson said that Ritchie had already sold more than 135 cranes.
“The market we’re seeing right now is actually not unlike it was at the beginning of last year,” Simpson says. “We came out of the gate of 2011 very strong and results we’re seeing this year in 2012 are very similar, if not a little bit better.”
Other auctioneers agree. Greg Hengehold, managing partner of Myron Bowling says general construction equipment demand has been higher in the first part of 2012 than it has been over the past few years, with higher auction attendances and stronger selling prices.
Hengehold says strong growth in the energy sector is fueling demand for rough-terrain cranes.
“We recently sold Grove, Galion/Dresser and Broderson 15- to 20-ton capacity rough terrain cranes in Texas,” he says. “The cranes brought well in excess of the anticipated value, mainly because of the geographic location near energy facilities that require these types of cranes. Hydraulic truck cranes are also in high demand [though, and] high capacity cranes are the most desirable.”...
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Last year, according to a report in American Cranes & Transit magazine, auctioneer Ritchie Bros. sold more than 1,000 used cranes throughout the US. As of mid-March this year, Ritchie’s chief sales officer Steve Simpson said that Ritchie had already sold more than 135 cranes.
“The market we’re seeing right now is actually not unlike it was at the beginning of last year,” Simpson says. “We came out of the gate of 2011 very strong and results we’re seeing this year in 2012 are very similar, if not a little bit better.”
Other auctioneers agree. Greg Hengehold, managing partner of Myron Bowling says general construction equipment demand has been higher in the first part of 2012 than it has been over the past few years, with higher auction attendances and stronger selling prices.
Hengehold says strong growth in the energy sector is fueling demand for rough-terrain cranes.
“We recently sold Grove, Galion/Dresser and Broderson 15- to 20-ton capacity rough terrain cranes in Texas,” he says. “The cranes brought well in excess of the anticipated value, mainly because of the geographic location near energy facilities that require these types of cranes. Hydraulic truck cranes are also in high demand [though, and] high capacity cranes are the most desirable.”...
Continue Reading