OPINION: The Used Equipment Market Is a Bubble Waiting to Pop
Used iron prices have lost touch with reality. When the correction comes, a lot of operators are going to be upside down on machines they overpaid for.
3 articles
Used iron prices have lost touch with reality. When the correction comes, a lot of operators are going to be upside down on machines they overpaid for.
The equipment industry has a spending problem. Operators are going broke chasing new machines while their existing fleet sits broken in the yard.
That shiny 0% financing deal looks like free money. It isn't. Here's the math dealers don't want you to do.