Pressure on the overall economy has been rolling down to equipment sales for some time. Now, the used equipment market is feeling the impact.
Year over year, overall sales of used, high-horsepower tractors fell as much as 23 percent. In some regions, that number was pushing 40 percent.
Machinery Pete says that while footing remains solid so far this year, economic strains could create instability. He says the market was flooded last year when interest rates lowered slightly, causing values to fall.
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Tune in on Wednesday, October 22 —
7:30 PM ET | 6:30 PM CT | 5:30 PM MT | 4:30 PM PT
7:30 PM ET | 6:30 PM CT | 5:30 PM MT | 4:30 PM PT
Gov. Gavin Newsom has until October 12 to sign a bill passed by the California state legislature allowing E15 sales.
