Machinery Pete founder Greg Peterson has been tracking the used equipment market for 33 years. “I’ve never seen anything close to this, the market has just been on fire since late 2020.” Used machinery values increased every month of 2022. “When the calendar flips, we might have a chance to catch our breath, but everything’s in place for used equipment values to remain strong.” The combination of tightness on late-model large equipment and scarcity of new equipment is driving demand.
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