Equipwatch released a report reflecting the trends within the Resale Market for the first Q1 & Q2 2013. In the beginning of the year, from January – February, there was a slight increase. However, from February to March there was a significant drop in resale prices. The report suggests that the price volatility is primarily…
Why is this Important Information for YOU? 1st and 2nd QTRs – 2013 showed a steady increase in auction sales. Data from Equipment Watch shows a 20% increase in total sales prices and only a 1% in volume, PROVING that auctions are DRIVING the sales prices UP due to the global demand. How Can YOU…
Newer, tier 4 equipment is more expensive to manufacture, which could reduce the overall demand. However, it is very likely that restrictions will be implemented that require this rating on equipment concerning government related contracts Tier 4 engines will need to be de-tiered to be usable in most markets outside the U.S.—the U.S. is currently…