Example: Using competitor data to value a 1999 Caterpillar 345BL Excavator changes the value by $2,458:
|Amount Over-Valued||$2,458 (5.5%)|
*Notes: Auction item data sourced from Top Bid’s Price Reference Guide and a competitor’s guide over a 6 month period.
Top Bid’s Price Reference Guide helps you reliably value used equipment. Top Bid’s auction results are highly standardized and verified. We double check all auction listings to ensure the model number, serial number, and year of manufacture agree. How much does this matter? Fixing these errors routinely changes valuations by several thousands of dollars.
Top Bid routinely corrects errors in auction results, often fixing data errors that exceed 40% of the auction items. When the model numbers, models years, and equipment categories are incorrect, it leads to invalid comparisons. For example, if you want to value a 2007 model, but the auction incorrectly lists a comparable sale as a 2008 model, you’ll be using a less reliable value. You want to compare apples-to-apples, and Top Bid ensures this is easily done with high-quality data.
Ensure that every deal you make on for sale heavy equipment is a great deal for you. In fact, overpaying for a single piece of used equipment by just 1% will cost you more than your investment in Top Bid’s Price Reference Guide.
Top Bid online delivers daily updates of recent auctions and provides historical auction results since 2005. You can quickly select the items to create a low-average-high summary. (See sample).
There are two Price Reference Guide editions annually, each covering 6 months of auction results and typically listing over 45,000 items. Results are sorted by equipment type, manufacturer, model, and serial number.(See sample). If you choose the print edition, you’ll also receive:
- Shipping dimensions for over 15,000 models
- Pocket guide showing low, average, and high prices
Every type of equipment – from aerial lifts to crawler tractors – is reported in the Price Reference Guide, including trucks and trailers. For a list of the major manufacturers covered in the Price Reference Guide, click here.
For easy reading, the categories are listed alphabetically, beginning with (1) equipment type, (2) make by manufacturer, (3) model from highest to lowest model number, (4) year of manufacture (where available), (5) serial number (where available), (6) brief description of equipment, (7) miles or hours (where available), (8) auction company, (9) location of auction, (10) date of auction, and (11) selling price. (Note: All foreign auctions have been translated to U.S. dollars.)