Equipment Finance News
  • News
  • Event
  • Data
  • Features
  • Lender Directory
  • PodcastNew
  • WebinarsNew
    • Next Webinar: Technologies to advance your equipment financing business
    • Webinar Library
Log In
No Result
View All Result
  • Dealers
  • Lenders
  • Transportation
  • Agriculture
  • Construction
  • Materials Handling
  • Rentals
  • Compliance
  • Data Analysis
Equipment Finance News
  • News
  • Event
  • Data
  • Features
  • Lender Directory
  • PodcastNew
  • WebinarsNew
    • Next Webinar: Technologies to advance your equipment financing business
    • Webinar Library
No Result
View All Result
Equipment Finance News
No Result
View All Result

Used equipment market may be stabilizing

Webinar: Experts weigh in on strategies for success in current market

Quinn DonoghuebyQuinn Donoghue
October 22, 2024
in News
Reading Time: 3 mins read
0
Share on FacebookShare on LinkedIn

Used-equipment dealers and lenders are reassessing their strategies in light of ongoing industry challenges. 

High interest rates, rental returns, inflation and delayed production of new equipment post-pandemic have contributed to steady depreciation in recent years and a surge in used inventory. However, corrected supply chains and increased lender confidence hint that the market is stabilizing. 

Adding assets into the market could lead to more stability in the used-equipment sector, Joe Lundvick, senior vice president and head of asset management at Mitsubishi HC Capital America, said during today’s Equipment Finance News webinar, “Used equipment financing in 2025 as markets normalize.”

Watch the webinar here. 

“More new-equipment buyers means that sooner or later they become used-equipment buyers, quite often, from our view,” he said. “A guy gets a new piece of equipment that he didn’t realize he could afford — or for whatever reason — and suddenly wants two or three more.” 

Lenders can succeed against industry headwinds by staying on top of past-due payments, Donna Yanuzzi, executive vice president of 1st Equipment Finance, said during the webinar. 

“Keep your eye on your delinquency so you’re around to do the new originations. Because I always say, the production this way up will keep you in business and low delinquency will keep you in business,” she said. “But either one of those will shut you down, so keep your eye on and manage your delinquency even more so before you’re adding more and more transactions.” 

Meanwhile, dealers with high inventories should stay the course, given that brighter days are ahead — and possibly even a sales surge following the Nov. 5 presidential election, Justin Jones, corporate sales manager at Nashville, Tenn.-based Diamond Equipment, said during the webinar. 

“We kind of look at the overall activity in construction and in the market, and to be honest with you … we haven’t seen a lot of slowdown in work,” he said. “If there’s not a lot of slowdown in work, that means people still have to buy. … They’ve held off for so long, and after this election is over and there’s no more excuses, they’re still going to buy.” 

Incentives hurt used market 

More manufacturers are offering 0% financing for new equipment to address customer concerns about high interest rates. However, that push to sell new machines is adversely affecting the used-equipment sector, Jones said.  

“With these manufacturers coming out with 0% financing for extended terms, it makes it pretty tough to get rid of used stuff whenever used is inflated, and new is not much more [expensive] than a used one,” he said. 

While the Federal Reserve’s federal funds rate cut last month could boost retail sales of used equipment, dealers may want to steer clear of auction and wholesale platforms because prices are so low, Jones said. 

A wave of bank repossessions is also contributing to high used inventory in trucking and construction sectors, Lundvick said. For trucks, Mitsubishi HC Capital America typically starts “trudging through an asset within 60 to 75 days from the minute it gets repossessed to the day we sell it,” he said. 

 

Tags: commercial financingdealer operationsequipment financelender operationsused equipment valueswebinar
Previous Post

US banks prepare for new era of consumer financial data sharing

Next Post

Private networks lead to more profit, John Deere’s Wallin says

Related Posts

Big, Beautiful Bill a ‘major victory’ for equipment finance
Lender Operations

Big, Beautiful Bill a ‘major victory’ for equipment finance

July 3, 2025
Track marks scar the ground near a row of Caterpillar Inc. equipment at the Altorfer Cat dealership in East Peoria, Illinois, U.S., on Tuesday, July 21, 2015. Caterpillar Inc. is scheduled to report quarterly earnings on July 23.
Lender Operations

Dealer efficiency crucial to expanding finance ops

July 3, 2025
In addition, Electrada growing commercial electrification through relationships
Lender Operations

Podcast: Flexible relationships key to navigating market, says Mitsubishi Capital’s Mann

July 3, 2025
Next Post
John Deere signage at a United Ag and Turf dealership in Colchester, Connecticut, US, on Friday, Nov. 3, 2023. Deere & Co. is expected to release earnings figures on November 22.

Private networks lead to more profit, John Deere’s Wallin says

Proud Member Of

Check Out Our Industry Event

Stay Informed With Our 8 Newsletters

The Dig Podcast

Dealer Operations

A Tractor Retailer Ahead Of Caterpillar Earnings Figures

Cat dealer Finning appoints Primrose CFO

June 30, 2025
Equipment Finance News welcomes industry leaders for tech webinar

Equipment Finance News welcomes industry leaders for tech webinar

June 30, 2025
A worker operates a forklift to carry boxes through the warehouse of the Black & Decker Inc. DeWalt brand production plant in Charlotte, North Carolina, U.S., on Wednesday, Aug. 9, 2017. The U.S. Census Bureau is scheduled to release durable goods figures on August 25.

Durable goods orders spike 16.4%, biggest jump since 2014

June 26, 2025
  • About Us
  • Advertise
  • Contact Us
  • Privacy Terms
  • ADA Compliance

 Manage Cookie Consent

Connect with us

© 2025 Royal MediaRoyal Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • All News
    • Dealers
    • Lenders
    • Transportation
    • Agriculture
    • Construction
    • Material Handling
    • Rentals
    • Compliance
    • Data Analysis
  • Event
  • Data
  • Features
  • Lender Directory
  • Podcast
  • Webinars
    • Webinar Library

© 2025 Royal MediaRoyal Media

THIS WEBSITE USES COOKIES

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I CONSENT”, you consent to the use of ALL the cookies.

Cookie settingsI CONSENT

Review our Cookie Policies
.
Manage Cookie Consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
Save & Accept