The question of how import rates could affect the prices of heavy equipment has hung over the industry all summer construction season, but prices have remained constant or even fallen. Although original team manufacturers have resisted increasing their prices and absorbed the pressures of the fare price, there was no rush to used teams, if the latest numbers of the equipment industry analyst are not indicated. “It looks like the supply [of used machines] It is practically the same, and the demand is not really to increase prices, “says Brendan Gallagher, data analyst at Teamwatch.
The prices of the used teams continued to drop in August, 7.27% year -on -year in resale and 17.13% at the auction. The prices also decreased the teams in the elevator category, reflecting a slow slide that has continued for most used machines categories that have been monitored throughout this year. “These values make sense to me. There is nothing crazy [in the used equipment market] Right now, “says Gallagher.” As the team’s age arrives, we hope the prices go down and the fare conversation has disappeared mainly at the moment, it had a great impact this year. “
A development that can affect prices is the reduction of the interest rates proposed by the United States Federal Reserve Council. “It will be interesting to see what happens to these cuts of rates,” says Gallagher. “With construction equipment, many new purchases are financed, so some rates cuts could increase prices because with better financing [the buyer] can afford to pay more. “”
Although the fare conversation has declined a bit, it may be that a long fuse was lit to leave sometime next year. The OEMs have had an impact of rates on entry costs, but the actual indicator will be whether the manufacturers’ suggested retail prices for 2026 team models increase to reflect this cost pressure, says Gallagher. He adds: “If there is a significant leap in the MSRP 2026, the values of the used equipment will increase.” The MSRPs of the new teams by 2025 were only from 1% to 3% higher than the previous year. Gallagher says that anything between 5% and 10% of 2026 would be important, according to Gallagher, who is clearly clear when the OEMs announce their 2026 model price this fall.
If the OEMs are planning to increase the prices of 2026, they still do not say it. Caterpillar Inc., based on Irving, Texas, said that it can take action to better absorb fare costs, but it is a strike in particularities. “From a profitability perspective, there is a headwaters related to the rates that will affect us for the rest of the year,” said Andrew Bonfield, Caterpillar CFO, during a presentation on August 5 of the results of the second quarter of the company. “This is a thing in which we have some mitigation actions in its place, but over time we have to start more actions to mitigate this impact.”
Cat saw its operating profits in the second quarter drop by 18%, from $ 3.482 billion to $ 2.86 billion, which the manufacturer directly attributed to unfavorable manufacturing costs, specifically to the impact of the highest rates.
But CAT also has reason to advance optimistic, reviewing its year -on -year sales estimates since the beginning of this year. “Demand is still resistant, supported by increasing energy infrastructure and energy needs,” said Bonfield.
