If you’ve ever bought or sold heavy equipment, you know there’s a lot at stake – even if it’s just one excavator, a bulldozer, or a dump truck. If you’re dealing with larger quantities or entire fleets, there is huge financial investment involved, and you want to be sure that you’re getting the best value—whether you’re buying or selling. Understanding what influences the price of used equipment will give you a better idea of its true value, which will make it easier to sell, and gives buyers more confidence when they buy. Here are some of the main factors that affect equipment pricing: 1. Supply and demand Just like commodities in any other market, the laws of supply and demand affect equipment prices. As demand goes up or supply goes down, prices rise as businesses compete for available machines. Conversely, if the market is saturated with a particular type of equipment, buyers have the advantage. To effectively manage a fleet of equipment you need to look outside of your region when you buy or sell. As a seller, you can reach buyers in areas where supply is low and demand in high. And as a buyer, you can avoid paying … Continue reading 8 factors influencing the price of used heavy equipment