True Price™ market estimate
2022 Caterpillar Caterpillar 340 Value
Valuation ID: 2a40b973-5c7b-4886-b419-8a5dd1a959d2 · Recently calculated result
Estimated likely private-sale value
$290,000
Why this confidence level
The make was entered manually. No direct comparables for the Caterpillar 340 hydraulic excavator were provided in the dataset. The price range relies on general market baseline expectations for a recent-year heavy production excavator, widening the estimate range significantly.
Asking-price matches
30
Verified sales used
0
Market direction
Stable
Market analysis
Demand for late-model production-class heavy excavators remains relatively steady in infrastructure and heavy earthmoving sectors, though higher capital costs keep buyers selective.
The assessment is provided as a national average estimate. Regional variations will depend on local heavy construction activity, freight costs, and emissions requirements.
Operating hours were not specified. Hours significantly impact value in this weight class; low-hour machines command premium pricing, while high-hour units face steep discounting due to anticipated undercarriage and hydraulic overhaul costs.
The provided comparables list consisted entirely of unrelated mini-excavators, compact equipment, and different machine types, none of which match a Caterpillar 340.
Pricing and time to sell
At $240,000
2 to 4 weeks for quick liquidation or trade-in pricing position.
At $290,000
2 to 4 months for typical private market transaction.
At $340,000
4 to 8 months for patient end-user retail asking price.
Comparable asking prices
Active asking prices provide market context but are not confirmed sale prices.
2022 BOMAG BMP8500
True Machinery304 hoursGlenpool, OK
$39,500
View listing2022 Kubota KX080-4
True Machinery848 hoursWilburton, OK
$85,000
View listing2022 Caterpillar 302.7 CR
True Machinery1,342 hoursEl Reno, OK
$24,900
View listing2023 Takeuchi TB240
True Machinery260 hoursMounds, OK
$53,000
View listing2021 HAMM H10IP
True Machinery3,580 hoursMounds, OK
$69,000
View listing2021 Volvo EC300E
True Machinery5,230 hoursGlenpool, OK
$120,601
View listingFactors considered
- Caterpillar 340 is a large 40-ton class heavy hydraulic excavator with high baseline market value.
- No specific operating hours provided, creating substantial uncertainty in wear and tear assessment.
- Absence of verified sale records or direct model asking price comparables.