Auction house Richie Bros. released a new report showcasing Multi-Terrain Loader Prices at auction for 2020. According to Richie Bros, prices reached record highs for multi-terrain loaders in 2020. Volume in the category was up to record highs, as well.
In Q2 2020, Multi-Terrain Loader median pricing reached $23,000, up 8.7% from the previous record. However, in Q4, median pricing declined slightly to $21,000.
In the United States, Ritchie Bros. says the top brands were Caterpillar, Bobcat, and Takeuchi. Top 2020 models include Caterpillar 259D, Bobcat T590, Caterpillar 289D, Bobcat T190, and Bobcat T650.
When comparing the top three models from the past three years (Jan 2017 – Sep 2020), the price depreciation for the Caterpillar 259D, the Bobcat T590, and T190 was sharpest for two- to four-year-old machines.
By usage, price declines were sharpest for 1,000- to 2,000-hour machines.
Mulit-Terrain Loader Prices
The median price for the CAT 336EL was $95,000. Compared to the similar Komatsu PC360LC10 and the John Deere 350GLC, the Caterpillar has the highest median depreciation curve by age and usage when sold, according to Richie Bros.
A screenshot of Multi-Terrain Loader Prices from Richie Bros.
Want to see multi-terrain loader prices before you sell your next machine? Sign up for a FleetNow account and you’ll get access to our FleetNow Price Estimator.
The Fleet Up Price Estimator shows the following prices for 2019-2020 sales on popular Caterpillar machines:
2014 Caterpillar 259D: Average Auction Price: $26,333, Average Retail Price: $43,700
2015 Caterpillar 259D: Average Auction Price: $26,417, Average Retail Price: $40,050
2016 Caterpillar 259D: Average Auction Price: $28,156, Average Retail Price: $39,500
2017 Caterpillar 259D: Average Auction Price: $30,6432014 Caterpillar 289D: Average Auction Price: $28,932, Average Retail Price: $40,000
2015 Caterpillar 289D: Average Auction Price: $30,278
2016 Caterpillar 289D: Average Auction Price: $32,000
The Fleet Up Price Estimator shows the following prices for 2019-2020 sales on popular Bobcat machines:
2014 Bobcat T590: Average Auction Price: $17,981, Average Retail Price: $26,516
2015 Bobcat T590: Average Auction Price: $20,296, Average Retail Price: $29,771
2016 Bobcat T590: Average Auction Price: $23,750, Average Retail Price: $34,890
2017 Bobcat T590: Average Auction Price: $22,857, Average Retail Price: $41,000
Since 2010, Ritchie Bros. says it sold more than 21,000 multi-terrain loaders in the U.S. alone for more than $421 million.
On average, about 31 percent of all the units sold at a Richie Bros. auction in the U.S. during that time frame were sold to in-state buyers.
Sixty-three percent, meanwhile, were sold to out-of-state U.S. buyers, while 5 percent were sold to international buyers.
In the past three years, the top selling locations for multi-terrain loaders at Richie Bros. was Texas, Florida, North Carolina, Georgia, and California.
Get more insights from Richie Bros. here.
What are Multi-Terrain Loaders Used For?
The multi-terrain loader (MTL) is a versatile machine used across nearly every industry, from construction to agriculture.
Its size and ease of maneuverability make the multi-terrain loader ideal for jobs where a bigger machine can’t fit, and its rubber tracks allow it to operate on sand, snow, mud, and turf.
According to Texas Final Drive:
Caterpillar, in particular, uses the term Multi-Terrain Loader to differentiate from their compact track loader. Other manufacturers like Bobcat only focus on CTLs.
The difference between the two, however, is more than just their names.
It includes how they were designed, the type of terrain they work best on, and whether or not they can handle aggressive applications.
Additionally:
The lower pressure means that an MTL can work on very delicate surfaces. We know that a CTL is meant to work on more delicate surfaces than, say, a wheeled skid steer; however, the MTL is designed to work on even more delicate surfaces than the CTL (e.g., lawns, sod, etc.).
The MTL can also travel faster and, according to operators, the MTL is a far more comfortable ride, too, because of its suspended undercarriage.
