The number of new construction machines financed in the first quarter of 2019 saw a near-flat 1 percent increase in the South Atlantic division compared with the same period last year, according to an analysis of UCC-1 filings as reported by EDA.
Gainers in the division included North Carolina (11 percent increase compared with the same quarter last year) and Georgia (7 percent increase). Both Virginia and West Virginia saw significant percentage decreases compared with 1Q last year at minus 27 percent and minus 25 percent, respectively.
The U.S. Census Bureau’s South Atlantic division includes the states of Delaware, Florida, Georgia, Maryland, North and South Carolina, Virginia, West Virginia and the District of Columbia.
As in the Northeast Region, compact machines dominate in terms of number of financed units in the South Atlantic division, in part because their lower initial cost. Compact track loaders (CTLs) at 2,002 machines sold were 34.4 percent of the 5,350-machine total. Compact excavators at 1,345 machines sold were 25.1 percent of the total. Coming up a distant third were excavators: 584 machines at 10.9 percent. (We compiled this data on May 23rd; it is continually updated by EDA.)
Cat (26 percent of the total) was the top financed brand in the division, followed by Kubota (19 percent) and Bobcat (15 percent). At 239 units, the Kubota SVL75-2 CTL was the top model financed in the eight-state region, followed closely by its next-size-up brother, the Kubota SVL95-2s (231 units).
Machines in this report include backhoes, dozers, articulated haulers, excavators (mid- and full-size), compact excavators, skid steers, compact track loaders, wheel loaders and tool carriers, asphalt and concrete pavers, scrapers, graders and single and double-drum rollers.