Used equipment prices are “now at or better than they were three to six months ago,” says Howard Hawk, president of the online auction site Bidadoo. He says this is surprising in light of decreases of 5 to 15 percent seen in spring.
“We expected to see a further decline or for them to stay depressed, but they’ve definitely bounced back, and in some cases are up 10 percent from the beginning of the year,” Hawk says. “We’re seeing a tremendous amount of demand out there.”
Should You Buy Used Construction Equipment in 2020? How to Navigate the Market Amid a Pandemic
