Items Tagged with 'Equipment Prices'

Heavy equipment market has weathered tariffs, now faces possible oil shock.

With economic uncertainty and a construction industry largely propped up by a few key sectors, the used equipment market has shown a softening of prices in recent months expected to continue into the new year.

The question of how import tariffs could affect heavy equipment pricing has hung above the industry this entire summer construction season, but prices have held steady, or even dropped.

Federal lawsuit seeks class action against RB Global, Rouse Services and several large U.S. equipment rental companies for illegally fixing construction equipment rental prices. 

While shopping around for a used piece of construction equipment through the usual channels has taken some creative sourcing in recent years, this summer has seen prices stabilize for the most part.

Prices for used construction equipment have continued to show signs of stabilizing over the last few months, a trend also seen in other heavy equipment categories.

It’s been a long while since the construction equipment market saw consistent availability and attractive prices.

Despite being synonymous with visual clarity, the year 2020 approaches with a somewhat blurry outlook for construction equipment purchases. 

Surpassing even the most optimistic expectations of industry observers, sales of construction equipment are on pace to record double-digit growth for 2018, providing welcome momentum in the face of looming uncertainties about the market’s long-term prospects.