Best-Selling Articulated Trucks in 2023

Best-Selling Articulated Trucks in 2023

Articulated trucks are ideal for hauling and dumping building materials across the work site. They are widely used in the construction sector for heavy-load transportation activities. Construction equipment brands such as Caterpillar Inc. (CAT), Volvo, and Komatsu rank among the best-selling articulated dumping equipment manufacturers.

Demand and sales of both new and used dump trucks have seen a major decline in the last 12 months. The new dumping equipment sales dropped almost 4.2% in the last 4 quarters. While the used dumping machinery saw a decline of 15.4% in the same time duration. Let’s find out which are the best-selling articulated trucks in 2023.

New Articulated Trucks Sold between Sep’22 to Aug’23

Precisely, 1,983 new trucks found buyers from Sep’22 to Aug’23. Caterpillar and Volvo tied for the first position in the brand-new marketed units list. Both equipment manufacturers individually marketed 28% items of the total financed items.

CAT 745 has the best-selling new dumping equipment with the maximum number of units sold from September 2022 to August 2023. It came first with 289 brand-new units sold in the last 12 months. Volvo A45G with 168 units and CAT 730 with 142 units secured second and third positions in the best-sellers list. Volvo A30G with 125 items and Komatsu HM400-5 with 114 items made it to the top 5 sellers list with fourth and fifth spots respectively.

Caterpillar, Volvo, and Komatsu became the top sellers in the new dump trucks marketed category in the last 12 months. In the United States market, equipment buyers from Texas purchased 386 units to secure the first position in the state buyers’ category. Florida with 217 units and North Carolina with 206 units secured second and third spot respectively in the buyers list. This data has been extracted from Equipment World’s New Financed Articulated Trucks Report for the Year 2023.

Used Articulated Trucks Sold between Sep’22 to Aug’23

In total, 2,186 used articulated dumpers found buyers between Sep’22 to Aug’23. Caterpillar secured the biggest market share in the dumping equipment used sold items category with 36%. Volvo captured the second largest share in the same category with 27.9%.

Caterpillar and Volvo ranked as the best-sellers in the used dumping machinery marketed category in the last 12 months. CAT 745 has the most demanding unit with 192 items sold from September 2022 to August 2023. It holds the first spot in the used sold items list. Volvo A40G with 126 units and Volvo A25G with 104 units secured second and third positions respectively in the same category. CAT 740B with 95 units and Volvo A45G with 94 units captured fourth and fifth spots respectively in the sold used heavy construction equipment list.

Additionally, dumping machinery buyers from Texas secured the first position in the used marketed items category too. They purchased 264 units in the last 12 months, also capturing 12.1% of the overall sales. Georgia with 219 marketed items and North Carolina with 126 marketed units came second and third respectively. Georgia added 10% to the sales category while North Carolina added 5.8% to the same category. These numeric values are taken from the latest Equipment World’s Used Financed Articulated Trucks Report.

Articulated Trucks Sold at Auction between Oct’22 to Sep’23

In total, 190 articulated dumping machines found buyers at the multiple auctions held between Oct’22 to Sep’23. The average selling price of this dumping machinery was $295,037. Top heavy equipment manufacturers CAT, Volvo, Bell, and Komatsu made it to the top 20 auction-sold items spots. Volvo secured 8 positions out of the top 20 price spots while CAT secured 6 positions out of the top 20 positions.

CAT 740GC 2022 model sold for the highest bid of $635,000 at an auction held in February 2023 in Florida. The Komatsu HM400-5 model 2022 sold at the second-highest bid of $620,000. Bell B40E model 2022 and CAT 745 model 2021 jointly shared the third-highest bid of $530,000 at auction. All this information is extracted from the Top 20 Articulated Trucks Sold at Auction table shared on Equipment World.

Summary

Articulated trucks have been one of the top-selling heavy machines in the recent few years. The sales of this material handling machinery in both brand-new and used items categories might have seen a decline in the last few months. However, this dumping equipment is in high demand across the United States. CAT, Volvo, and Komatsu ranked as the best-selling dumping equipment manufacturers in the last 12 months. With the heavy-duty industry advancing toward growth, experts believe there will be an increase in articulated truck sales in the coming 5 years.

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