Top Selling Used Equipment of 2023

The used construction equipment market has faced an unusual few years due to pandemic-induced manufacturing shutdowns, rising prices, and high interest rates. However, new equipment and rental fleet availability are beginning to rebound. In 2023, 75,214 pieces of used equipment were financed in the United States, according to Fusable’s latest EDA (U.S. Economic Development Administration) finance data. This represents an 8.8% decline from the previous year’s 82,450 units. Conversely, new financed heavy equipment sales increased by 2.7% in 2023.

Top Selling Used Equipment in United States

The ranking of the most popular used equipment manufacturers saw little change at the top. Caterpillar held the largest share at 26.6% of total used financed equipment sales, followed by Deere (18.3%), Bobcat (13.4%), and Case CE (7.8%). Kubota moved up to the fifth position, displacing Komatsu. Kobelco took over Hitachi’s former tenth place, with Hitachi dropping out of the top ten to twelfth.

Top 10 Construction Equipment Manufacturers 2023

Below are the top used construction equipment manufacturers in the U.S. in 2023 by sales:

Company 2023 Ranking 2022 Ranking
Caterpillar 1 1
Deere 2 2
Bobcat 3 3
Case 4 4
Kubota 5 ⬆️ 6
Komatsu 6 ⬇️ 5
Volvo CE 7 7
New Holland 8 8
Takeuchi 9 9
Kobelco 10 ⬆️ 11
Hitachi 11 ⬇️ 10

EDA monitors new and used financed sales of various construction equipment types, including compact utility loaders, skid steers, compact track loaders, mini and full-sized excavators, dozers, wheel loaders, backhoes, haul trucks, compactors, motor graders, scrapers, and pavers.

Top Selling Used Deere Construction Equipment

Top 5 Used Construction Equipment Sales by State

Texas led the market in 2023 with 8,004 used financed units sold. Other top states included Missouri (3,625), Minnesota (2,932), and Tennessee (2,865).

Top Used Construction Equipment Sales by State

The data is derived from state UCC-1 filings on financed construction equipment, covering sales, leases, and rentals. EDA updates this data regularly, so these numbers might have changed since mid-April when this data was compiled.

Top 10 Used Equipment Models Sold During 2023

The top used models sold during the year were:

  1. Deere 333G compact track loader
  2. Kubota SVL75-2 compact track loader
  3. Cat 259D compact track loader
  4. Kubota SVL95-2S compact track loader
  5. Bobcat T770 compact track loader
  6. Bobcat T650 compact track loader
  7. Case SV280B skid steer loader
  8. Cat 259D3 compact track loader
  9. Deere 325G compact track loader
  10. Deere 35G compact excavator

Compact track loaders were the leading category of used equipment sold, with 16,249 units financed and sold.

Top Selling Compact Track Loader in USA - Deere 333G


With new models such as the Kubota SVL75-3 and Cat 255 and 265 hitting the market, we expect these late models to continue their strong performance in 2024.

Kubota SVL75-3 Compact Track Loader

Other top equipment types sold included excavators (11,596 units), mini excavators (10,452 units), skid steer loaders (9,584 units), and wheel loaders (7,323 units). Combined, crawler dozers and LGP dozers reached 8,140 units.

Top 5 Used Equipment Sold by Category in 2023

Product Category Units %% of Total Units
Compact Track Loader 16,249 22%
Excavator 11,596 15%
Mini Excavator 10,452 14%
Skid Steer Loader 9,584 13%
Wheel Loader 7,323 10%

Top 5 Used Compact Construction Equipment Sold by Category

Brand or dealer loyalty aside, significant deals on low-hour used equipment have been hard to pass up in recent years. Let’s delve into the most popular models by region and state.

East + South Central Region Sales Statistics

Overall East and South Central Region Winners: Kubota SVL75-2, Kubota SVL95-2S, Deere 333G

State No. 1 No. 2 No. 3
Alabama Kubota SVL75-2 Deere 333G Kubota SVL95-2S
Arkansas Deere 333G Kubota SVL75-2 Kubota KX040-4
Kentucky Kubota SVL75-2 Cat 259D Deere 650G
Louisiana Deere 75G Volvo A25G Deere 350G LC
Mississippi Cat D5K2 LGP Bobcat T770 Cat D6K2 LGP
Oklahoma Deere 333G Kubota SVL95-2S Kubota SVL75-2
Tennessee Kubota SVL75-2 Kubota SVL95-2S Cat 259D
Texas Kubota SVL75-2 Kubota SVL95-2S Cat 259D

Midwest Region Sales Statistics

Overall Midwest Region Winners: Case SV280B, Deere 333G, Bobcat T770

State No. 1 No. 2 No. 3
Iowa Deere 333G Bobcat S650 Deere 325G
Illinois Case SV280B Case 321F Case 521G
Indiana Case SV280B Deere 333G Deere 325G
Kansas Deere 333G Bobcat T650 Bobcat T770
Michigan Cat 259D Deere 318G Case 521G
Minnesota Bobcat T595 Bobcat S185 Bobcat S650
Missouri Bobcat T770 Deere 333G Kubota SVL95-2S
North Dakota Bobcat S650 Bobcat S185 Bobcat S250
Nebraska Bobcat T770 Deere 333G Bobcat S650
Ohio Bobcat T770 Bobcat T590 Deere 35G
South Dakota Bobcat S650 Bobcat T770 Bobcat S590
Wisconsin New Holland L220 Bobcat S650 Cat 259D

Northeast Region Sales Statistics

Overall Northeast Region Winners: Case 321F, Bobcat T660, Case SV280B

State No. 1 No. 2 No. 3
Connecticut Bobcat E35i Deere 35G Cat 908M
Massachusetts Cat 906M Bobcat T650 Bobcat S740
Maine Deere 35G Deere 120C Deere 60G
New Hampshire Kubota SVL75-2 Bobcat E42 Bobcat E50
New Jersey Case 521G Case 321F Case SV280B
New York Komatsu WA270-8 Case 321F Bobcat T650
Pennsylvania Case 321F Case 621G Case SV280B
Rhode Island Hyundai HL930A Komatsu WA270-8 Bobcat E45
Vermont Deere 50G Bobcat E26 Bobcat E42

South Atlantic Region Sales Statistics

Overall South Atlantic Region Winners: Deere 333G, Kubota SVL75-2, Cat 259D

State No. 1 No. 2 No. 3
Delaware Komatsu D61PX-24 Komatsu PC360LC-10 Komatsu PC 360LC-11
Florida Deere 333G Kubota SVL95-2S Deere 350G LC
Georgia Deere 333G Kubota SVL75-2 Kubota SVL95-2S
Maryland Deere 50G Deere 624K II Bobcat T550
North Carolina Cat 259D Cat 259D3 Cat 305E2 CR
South Carolina Kubota SVL75-2 Bobcat T770 Bobcat T595
Virginia Case SV280B Cat 259D3 Cat 305E2 CR
West Virginia Deere 35G Deere 210G LC Deere 850K

West Region Sales Statistics

Overall West Region Winners: Cat 259D, Cat 259D3, Deere 333G

State No. 1 No. 2 No. 3
Alaska Cat 740B Volvo L70H Kubota SVL75-2
Arizona Bobcat S70 Deere 624K Cat 613C
California Cat 259D Cat 950M Bobcat T590
Colorado Cat 259D Cat 262D Bobcat T650
Hawaii Komatsu PC138USLC-11 Bomag BW120SL-5 Cat 226D
Idaho Cat 259D Cat 938M Cat CB24B
Montana Cat 259D Bobcat T770 Bobcat 753
New Mexico Deere 210G LC Deere 333G Deere 310SL
Nevada Volvo A40G Bobcat S70 Cat 926M
Oregon Cat 305E3 CR Bobcat E35 Cat 306CR
Utah Cat 320 Cat 745 Cat 938M
Washington Kubota KX040-4 Deere 50G Bobcat T550
Wyoming Deere 772G Cat 259D Deere 310SL

It is important to note that more used equipment is purchased with cash compared to new equipment, and those sales are not reflected in this data.

Bobcat S740 Skid-Steer Loader

In less populous states like Alaska and Maine, financed sales can vary significantly based on just a few transactions.

Used Cat 320 Excavator

Sales trends also reflect the primary industry and infrastructure needs of each area. For example, New Holland has higher sales in states with agriculture-based economies.

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