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As senior editor of Professional Remodeler, a lot of information crosses my desk. This blog will be a chance to share some of that with you, with an immediacy not possible with a monthly magazine. It's also your chance to tell me what you think about what I have to say. Whether you agree or disagree, I hope you won't be shy. Post here, write me at jonathan.sweet@reedbusiness.com or you can also follow me on Twitter at www.twitter.com/sweetedit.
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Thursday, November 20, 2008
Bargains to be had on construction equipment
Nov 20 2008 2:04PM | Permalink | Email this | Comments (0) |
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By Jonathan Sweet
If you're in the market for construction equipment, it seems like now's a good time to buy. The Los Angeles Times reports on how the construction slowdown is pushing down prices on heavy equipment as companies look to dump inventory.
"These are the worst prices I've ever seen," said Steve Thompson, 52, who was there to make bids for Chuck Green & Associates Inc., a San Diego County company that buys, resells and rents heavy equipment.
Back in 2005, during the boom, the company sold a used hydraulic dirt excavator for $309,000. That same excavator changed hands Tuesday for just $50,000.
Another excavator, worth $1.4 million new, sold for $150,000, said Sean Green, Thompson's colleague.
Later, a Volvo wheel loader, a type of earth-moving machine that once could have fetched $112,000, went for $60,000.
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