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.
ENR’s Construction Industry Confidence Index rose four points between Q3 and Q4, to a slightly optimistic 52 rating. The economic index also rose four points, to a 48 rating.
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.