Compactor prices at auction at 5-year high

12/5/2014 12:27:53 PM by

The average price of compactors sold at auction is at a five-year high, according to data from Top Bid, an equipment valuation firm. In October, the average compactor sale price was $85,961, which was more than $24,000 higher than the five-year low, in November of 2009. The average price from January of that year to October of 2014 was $69,613.

The most expensive compactor sold was a 2010 Cat CD54, which went for $98,500 at an auction in Kissimmee, Florida, on Feb. 6, 2014. Coming in as a close second was a 2011 Cat CB64 with 1,426 hours, which sold for $97,500 just two weeks later. On April 15, a Dynapac CC722 with 1,750 hours was purchased for $85,000.

The two top new double-drum compactors financed between October 1, 2013 and September 30, 2014, according to Randall-Reilly's Equipment Data Associates, was the Hamm HD 12 VV and the Cat CB24.

In terms of overall financing for new and used models during the same time period, Caterpillar led the pack with 572 units financed. Hamm was a distant second with 309 units, and BOMAG rounded out the top three with 210 units financed. The top three states for double-drum compactor sales were California, Texas and Florida. New sales were up 31 percent and used sales were up 3 percent.

If you have recently purchased a new or used compactor, you know what a major financial investment it represents. When the time comes to find replacement parts for your machine, be sure that you are not needlessly wasting money and time by driving from dealer to dealer and paying more than you have to. Instead, rely on our online hub where you can instantly find sellers who have the exact item you need, at prices you can't afford to miss.