Quote:
Originally Posted by tabs
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.
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AFAIK new is doing well. I haven't been lacking in trade evaluation requests. Used has increased thanks to some jackasses pushing tier 4 emissions requirement. It amazes me what I can get out of an IT4 machine with more hours vs a T4 Final machine. I'll sell the IT4 machine faster and make better money on it. I think once the fear of T4 Final subsides used will calm down a bit.
What has driven my sales is the fact that I can offer a low hour machine with some remaining warranty at enough of a discount to make it worthwhile to buy the used piece. Bobcat, CAT, Case.... dealers primary goal is to sell new so they keep their used inventory prices closer to new than someone like me does. I like that they really crank up the prices on their used equipment since it makes selling mine a lot easier.