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Understanding the Trends in Skid Steer Sales for 2024-2025
As new and used skid steer sales ebb and flow, current market data provides insight into potential opportunities and challenges for homeowners and business owners alike. In the latest report from Fusable’s EDA equipment financing, it becomes clear that while new financed skid steer sales have stabilized, it's the performance of used equipment and market dynamics that paint a more intricate picture for the coming years.
Current Sales Landscape: New vs. Used Skid Steers
Between March 1, 2024, and February 28, 2025, 9,990 new skid steers were financed, showing a slight fluctuation compared to the previous year’s sales of 9,963 units. This stagnation signals a shift in financing preferences and potential buyer hesitance amidst rising interest rates, where cash purchases become more popular for compact equipment. On the flip side, used skid steers experienced an 8.7% decline in sales, bringing total figures to 8,737 units sold. This drop indicates that many potential buyers, burdened by persistent inflation, may be looking to save costs by opting for used equipment instead.
The Most Popular Brands: Who Wins the Market?
In terms of brand dominance, Bobcat continues to lead the charge, boasting approximately 28.4% of total new financed sales. Following them are Kubota and Cat, with 19.2% and 15.5%, respectively. Notably, the Kubota SSV-75 and SSV-65 and the Cat 262D3 have emerged as the top-selling new models, highlighting a consumer preference for reliable and well-established brands during uncertain economic times.
Pricing Insights: The Shift in Used Skid Steer Values
The used equipment market is seeing a slight downturn as well, with average prices falling from a peak of $40,461 in Q4 2024 to $39,205 by Q1 2025, according to EquipmentWatch data. While the average age of used skid steers has increased from 6.5 to 7.5 years, it reflects a market adjusting to economic pressures, with consumers looking for more economical options.
Regional Buyer Behavior: Are You in the Hotspot?
The demand for new skid steers varies geographically, with California leading with 8.4% of all new sales. Illinois and Wisconsin closely follow. For homeowners and landscapers in these regions, understanding where the demand is high can help leverage purchasing decisions or sales strategies in their local markets. On the other hand, the Midwest sees robust used skid steer activity, with Minnesota and Illinois topping the charts as prominent buyers.
Market Outlook: What to Expect Moving Forward
As we move toward 2025, the skid steer market is likely to continue feeling the impacts of interest rates and evolving buying patterns. With manufacturers like Cat introducing next-generation models that offer enhanced functionalities, consumers might find themselves at a crossroad: invest in newer models that promise efficiency or settle for older units that remain reliable forever. The decision, however, will hinge on financial considerations and projected equipment needs.
In conclusion, as fleets are evaluated and purchases planned, it's vital for homeowners and business owners to stay informed about the shifting dynamics of the skid steer market. Engage with local dealers, explore financing options, and weigh the pros and cons before making any decisions. These factors will help pave the way for future success in landscaping and construction endeavors.
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