Information derived from Industrial Reports, a market intelligence firm specializing in industrial construction and equipment leads. T

With an extended period of construction activity and no imminent signs of recession, prices for used construction equipment at resale and auction have found their level, with fewer of the fluctuations that marked recent years.

While some worry about clouds on the horizon, it’s not evident in the heavy equipment market.

Contractors are already embracing electric equipment as well as hybrids and electric trucks, but a new EPA rule could spur manufacturers to push for even faster EV adoption.

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.

In 2022, 62% of contractors rented construction equipment because it provided more flexibility than owning.

Contractors still resist changing processes and opening their wallets for factory-installed electric power and autonomous operation, but more are realizing the benefits.

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.

With demand for construction equipment running high amidst a busy few years of construction, the hunger for new machines was visible at the triennial CONEXPO-CON/AGG trade show, held March 14-18 in Las Vegas.

Pandemic jitters give way to seasonal price trends, but new iron is still on backorder.