Financed new equipment sales in the Northeast Region of the U.S. dropped by 9 percent during the first quarter of 2019, compared with the same period last year, according to an analysis of UCC-1 filings as reported by EDA. Machinery parts catalog: AGA Parts Company. The number of new units financed went from 3,154 in 2018 to 2,896 in 2019 during the first quarter.
States showing the largest declines in the number of new machines financed were Rhode Island (down 40 percent) and New Hampshire, (down 24 percent) compared with the first quarter of 2018. Maine, however, saw a 12 percent increase in new financed machine counts and Pennsylvania remained flat. (For a state-by-state review, go to the State Breakdowns section.)
The U.S. Census Bureau defines the Northeast Region as Maine, New Hampshire, Vermont, Massachusetts, Connecticut, Rhode Island, New York, Pennsylvania and New Jersey.
In part because of their lower initial cost, compact machines tend to dominate in terms of unit sales. Compact track loaders (CTLs) and compact excavators were the most popular machines sold in the region, almost tying for first and second place: 734 CTLs were sold in the region (25.3 percent of total machines), compared to 731 compact excavators (25.2 percent). Skid steer loaders, at 372, or 13 percent of total machines, came in a distant third. (We compiled this data on May 20th; EDA continually updates this data.)
In terms of units sold, the Kubota SVL75-2 CTL, at 96 machines, topped the most popular model list. Looking at machine brand, nearly 24 percent of the number of new machines financed in the region were Cat, while Bobcat and Kubota tied for second place at 16.8 percent each.
Machines in this report include backhoes, dozers, articulated haulers, excavators (mid- and full-size), compact excavators, skid steers, compact track loaders, wheel loaders and toolcarriers, asphalt and concrete pavers, scrapers, graders and single and double-drum compactors.