Used Forklift Market Drys Up With Economic Growth
As you might suspect, a great economy tends to draw upon resources. Those resources, once depleted drive up prices. The large capacity used forklift market is now exception. In fact, even the new style of extending type rigging forklifts have a huge wait list. Some are nearly 2 years out. The slow place of new delivery has also driven the used forklift market to new highs for price. Of course, the other end of that equation is far few are now available. When speaking with a company representative from Affordable Machinery, a used forklift dealer, they say customers are often a little shocked at prices. He further said, “If you find the capacity that you want in the condition that will work for you…you better grab it. Big forklifts are lasting days to a handful of weeks before they are sold.” He also said lifting equipment like hydraulic gantry systems have been selling like mad.
What if you have a used machine that you want to sell? Unless you have a major channel for reaching buyers, you will likely have to sell at wholesale. The internet has been great for many things. However, for a company just trying to sell a machine, it’s not so easy. Major players in the used market pretty much dominate internet search results. Plus, they usually have long lists of buyers they can run the machine buy. So, it boils down to down options. Either spend huge amount of money learning and doing marketing, or use a dealer. Affordable Machinery’s representative, James D., mentioned that their website alone gets many thousands of visitors looking for used forklifts.
He explains that it’s like the show Pawnstars, people go into the store and expect them to pay full retail or top dollar for what they want to sell. The owner then has to explain that they aren’t buying it to use and there must be some profit in it. What you’re paying for is there distribution. Their distribution cost them huge dollars and time to develop and maintain. The exact same thing applies to the used forklift and gantry market. There has to be enough money in the deal to justify taking the deal.