While it may be too soon to say for sure, there are some early indicators that the steep prices for machines in resale channels may be leveling off. Pressures from supply chains still facing disruptions due to the COVID-19 pandemic along with a busy summer construction season caused prices to rise steadily month-over-month earlier this year, but the worst of that may be over, according to the latest data from industry analyst firm EquipmentWatch.
“In the last six months, used construction [equipment] values have fluctuated within plus or minus 1%, so they’ve been very stable, a little bit surprisingly so,” says Sam Pierce, EquipmentWatch sales engineer. “It’s a good sign things are leveling off, and might keep going that way.”