Used construction equipment retail, or asking, values dropped around 10% year over year in September, according to Sandhills Global market research. Meanwhile, orders for used, medium-duty transportation equipment declined nearly 20% YoY in September, according to ACT Research.
EFN had a conversation with Justin Jones, of Diamond Equipment, Joe Ludvick of Mitsubishi HC Capital America and Donna Yanuzzi of 1st Equipment Finance where they addressed the looming problem used equipment represents for many dealers and lenders from a liquidity and a lot perspective, and discussed how to minimize risk and reduce “lot rot.”
