Quote:
Originally Posted by cabmando
All I know is that I can't keep up with demand for good used construction equipment! I buy 10 machines and six weeks later I'm out. I'm not having a problem selling but rather buying at a price where I can make a decent profit. It's a really good problem to have by the way.
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If the Boyz who are buying the equipment were really bullish they would go long (pony up to the table) and buy new equipment.
Presumably they are not ponying up to the table to buy new in an effort to hedge their costs...
Since 08 there has been a new cost conscientiousness developing. It is called being cautious.
The price of used is going up as the supply drys up until a relative parity is reached with new then new will be the better value.