The logistical snarls in the global supply chain that have disrupted so many other aspects of construction have put pressure on the equipment supply, which combines with the high level of demand to keep sales and resales brisk. That in turn continues to push up prices, even for used equipment that’s seen a few years in the field.
“This lack of inventory we have been seeing is persisting—it has not gotten any better,”observes Heather Messing, analytics lead with industry data firm EquipmentWatch. “With things stuck at ports or in transit, some people don’t want to give up their machines just yet if it continues to be difficult to source new ones.”