{"id":9505,"date":"2017-01-02T18:44:53","date_gmt":"2017-01-02T18:44:53","guid":{"rendered":"http:\/\/minutes.machine.market\/?p=9505"},"modified":"2017-01-02T18:44:53","modified_gmt":"2017-01-02T18:44:53","slug":"compact-excavator-and-track-loader-sales-surging-as-backhoes-stagnate","status":"publish","type":"post","link":"https:\/\/machine.market\/blog\/compact-excavator-and-track-loader-sales-surging-as-backhoes-stagnate\/","title":{"rendered":"Compact excavator and track loader sales surging as backhoes stagnate"},"content":{"rendered":"<p>Trends that have been talked about for a couple of years gained steam in 2016.<\/p>\n<p>\u201cInstead of buying backhoes, we\u2019ve seen a significant shift with contractors choosing to buy compact excavators and skid steers,\u201d one dealer recently told me. \u201cWhile this means that contractors need two operators instead of one, they\u2019re making up for the additional labor costs with the increased productivity, flexibility and maneuverability of these compact machines.\u201d<\/p>\n<div id=\"attachment_79845\" class=\"wp-caption alignright\"><a class=\"fancybox\" href=\"http:\/\/blogsdir.cms.rrcdn.com\/5\/files\/2017\/01\/On-Record-graph.jpg\" rel=\"fancybox\"><img loading=\"lazy\" class=\"size-medium wp-image-79845\" src=\"http:\/\/blogsdir.cms.rrcdn.com\/5\/files\/2017\/01\/On-Record-graph-300x205.jpg\" alt=\"Click to enlarge.\" width=\"300\" height=\"205\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">\n<\/div>\n<p>The equipment-buying world has indeed changed from 10 years ago, and nothing illustrates this better than examining a slice of financed new machine buying data from EDA, a sister company to Equipment World.<\/p>\n<p>Looking at the past 10 years, the natural comparison point is 2007, when financed unit sales for many machines were at their zenith before plunging into the Great Recession. The telling point is whether a machine type has recovered to 2007 levels.<\/p>\n<p>According to <a href=\"http:\/\/www.totallandscapecare.com\/equipment-matters\/compact-excavator-and-track-loader-sales-surging-as-backhoes-stagnate\/#sthash.oPtzh3Ao.dpuf\" target=\"_blank\" rel=\"noopener noreferrer\">Total Landscape Care<\/a>, a\u00a0quick look at the chart shown indicates the verdict is divided for the machine types the dealer mentioned: backhoes, compact excavators, skid steers and compact track loaders (CTLs). (I\u2019ve added CTLs because, as you can see from our recent story on their surging market share, they are an essential part of the conversation.)<\/p>\n<p>Compact excavators and CTLs have recovered quite nicely from the depths of the past 10 years. Compact excavators are showing a projected 28 percent rise in unit sales compared with 2007. And, as I\u2019ve talked about before, CTLs have been a gangbuster machine category, and were projected to be 41 percent above their 2007 unit sales by the end of 2016 if nine-month sales trends held true.<\/p>\n<p>Backhoes and skid steers, however, are not faring so well post-recession. Financed unit sales for both machines are hovering around half of what they were in 2007. In 2014, backhoes rose to 52 percent of the 2007 unit sales figure, before declining to a projected 41 percent of that figure this year. Skid steers, often viewed as a direct competitor to CTLs, were expected to end 2016 with financed unit sales about 49 percent lower than they were in 2007.<\/p>\n<p>Of course, neither of these machines (or to the point of the dealer\u2019s comment, backhoes in particular) are going away, nor will they be relegated to a niche machine status. But if these trends continue, they will definitely have a smaller place in the construction equipment universe.<\/p>\n<p>Marcia Gruver Doyle | January 2, 2017<\/p>\n<p><strong>EDITOR\u2019S NOTE<\/strong>: <em>Marcia Gruver Doyle is editorial director of the Construction Division of Randall-Reilly, which includes <\/em>Equipment World<em>, <\/em>Aggregates Manager<em>, <\/em>Better Roads<em>, <\/em>ProPickup<em> and <\/em>Total Landscape Care<em> magazines<\/em>.<\/p>\n<p>&#8211; See more at: http:\/\/www.totallandscapecare.com\/equipment-matters\/compact-excavator-and-track-loader-sales-surging-as-backhoes-stagnate\/#sthash.oPtzh3Ao.dpuf<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trends that have been talked about for a couple of years gained steam in 2016. \u201cInstead of buying backhoes, we\u2019ve seen a significant shift with contractors choosing to buy compact excavators and skid steers,\u201d one dealer recently told me. \u201cWhile this means that contractors need two operators instead of one, they\u2019re making up for the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9506,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[2],"tags":[149,300,304,1380],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.7 - 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