Discussion:
Valuations on fork trucks.

Hi all,
How do you value a fork truck as a secondhand commodity to sell on?
The company i work for have a number of owned trucks, all being replaced with new kit, most of the kit is 6 to 7 years old and mainly electric reach and cb trucks.
I could shop about ans wait for someone to give us a good price, but i'd like to think that that i could genuinely say, yes that's a fair price, or not?
Your thoughts?
  • Posted 26 Nov 2013 07:57
  • Discussion started by BurtKwok
  • West Yorks, United Kingdom
Showing items 1 - 2 of 2 results.
Thanks for the insight.
  • Posted 4 Dec 2013 09:16
  • Reply by BurtKwok
  • West Yorks, United Kingdom
It's a bit complicated.

Usually, while we calculate the offer for the buyback, we do this following way:

1. estimate the actual market value of the truck basing upon the brand, year, working hours and applictaion/general condition,
2. estimate the cost of refurbishment (if planned),
3. add the logistic costs (transport etc)
4. add the sales margin.

The difference between point 1 and the rest gives the buyback price.
Of course there's the issue of margin level etc, which varies between 15 and 40%, depending upon the company. Here's the fileld for negotiations.

Another issue are the batteries, which after 7 years are probably dead/empty, so you must be aware, that nobody will pay for them.

Every serious manufacturer has a huge tables showing the residual values of the trucks after LTR. They are based upon the year/working hours/application factors and all are constructed the way I described above.

For example - high class European IC 2-tonner after 72 months/2000 hours a year/medium application has the residual value between 10 and 15% of the purchase price.
High class European reach truck after 72 months/1000 hour a year/medium application is worth for 15 to 20% of the purchase price.
Etc.
  • Posted 26 Nov 2013 21:15
  • Reply by Karait
  • Poland
I know your deepest secret fear...
J.M.

Having trouble using the Discussion Forums? Contact us for help.

Forkliftaction.com accepts no responsibility for forum content and requires forum participants to adhere to the rules. Click here for more information.

Innovative projects and products from Kiwitron will help you measure performance, optimize logistics costs, and provide new revenue.
MHEDA and MHI are proud to present the 9th Annual Emerging Leaders Conference on Wednesday, August 11th, 2021.

Forklift Diaries

Evolution: Forklift apprentice becomes expert operator
At 17, Scott Stanton took an apprenticeship with Café Connections in the UK. Now 28, he's a valued member of the team and prime forklift operator on-site. We ask about the journey.
MarketsandMarkets presents the Plant Digitization Virtual Conference 2021 - 19th to 20th August, 2021.
The Virtual MOU Signing Ceremony and Opening Announcement for the Vietnam-Japan Supporting Industries (SIE) and Vietnam Manufacturing Expo (VME) is scheduled for 02 July, 2021.

Forklift Diaries

Evolution: Forklift apprentice becomes expert operator
At 17, Scott Stanton took an apprenticeship with Café Connections in the UK. Now 28, he's a valued member of the team and prime forklift operator on-site. We ask about the journey.
The Virtual MOU Signing Ceremony and Opening Announcement for the Vietnam-Japan Supporting Industries (SIE) and Vietnam Manufacturing Expo (VME) is scheduled for 02 July, 2021.
Loading and unloading railcars and shipping containers is often done with high lift capacity LPG or diesel-powered forklifts, with a short wheelbase, turning radius, and...

Forklift Diaries

Evolution: Forklift apprentice becomes expert operator
At 17, Scott Stanton took an apprenticeship with Café Connections in the UK. Now 28, he's a valued member of the team and prime forklift operator on-site. We ask about the journey.