What has happened to used heavy equipment pricing over the past 12 months? Well according to Equipment Watch, year over year, the fair market values have declined in all categories as stated below. However, for month over month, the fair market values are starting to turn around.
There are a couple of contributors to the slight increase in fair market values:
- The US dollar has weakened against foreign currency making the machines more affordable to overseas buyers.
- President Trump’s initiative to reduce the emission requirements which would directly impact or do away with Tier IV requirements altogether.
Policy will dictate the strength of the economy, the dollar and of course pricing.