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 focused within the following categories:
- Wheel Loaders
- Heavy Duty Commercial Trucks
These categories would suggest that the downturn in the resale values is a results in the slowing of the bullish trends within the mining industry. Philip Hopwood, a Global Mining Leader said “As commodity prices decline and global economic uncertainty persists, it’s harder for mining companies to predict future demand patterns. Companies are deferring their expansion projects in the face of waning Chinese demand, yet world demand promises to increase dramatically in the coming years. With cost pressure mounting and talent shortages ongoing, companies must assess the viability of a more complex series of options. Investments will be necessary to enable companies to weather more severe volatility.”
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