In my opinion, these buyers tend to trade every 3-5 years and develop a niched used equipment segment that is overlooked and undervalued as a buying group.

What a crazy end to 2021, and what a crazy start to 2022. Lead times haven’t gotten better, and in some cases they have gotten worse. Chip shortages are still an issue, and we likely won’t see much relief in the near term.

2021 was uncharted territory that brought one surprise after another! 
Dealing with shortages, delays and uncertainty became the norm for dealers, customers and manufacturers. In addition, interim price increases, steel surcharges and freight increases made the equipment market a challenging place to navigate.

On November 22, 2021, I interviewed Tony LaPorta on the Moving Iron Podcast. Tony is a trader and brought up some excellent points during the interview. What made me think the most was his point about the cost of uncertainty and how the various markets are reacting.