March 2017 Vol. 72 No. 3
Newsline
EPA Tier 4 Mandates Driving Up Demand Of Non-Tier 4 Used Construction
According to a survey of Independent Equipment Dealers Association (IEDA) members, the EPA’s Tier 4 mandates are driving up the demand of non-
Tier 4 used construction equipment, and this trend will continue for the next several years.
For many equipment categories, used equipment availability is outpacing demand, but for other categories – including excavators, backhoe loaders, wheel loaders, dump trucks dozers and compact equipment – IEDA members are seeing resale pricing increase by as much as 20 percent. Also, more than 50 percent of survey respondents noted that quality used equipment is getting harder to find.
The IEDA membership base is comprised of equipment dealers from around the world specializing in used construction and mining equipment sales. Since the EPA implemented new standards more than two decades ago, the IEDA’s staff and members have kept a close eye to how used equipment availability and pricing would be affected by each new standard.
“As a group, we make it a point to share trends we see in the market with each other, as well as with used equipment buyers and sellers,” said Drew Van Brunt, IEDA president and owner of Global Tractor Company in Colleyville, TX. “The current used equipment market is strong, but it will be affected by Tier 4 machines in the near future.”
Currently, there are only a few Tier 4 machines in the used equipment market; IEDA members predict that the market is 4-8 years away from being dominated by these newer machines. At that point, non-Tier 4 machines will be harder to come by, and pricing on Tier 4 machines will become more steady.
More information:
Continuing Evolution of Tier 4
Underground Market Faces Tier 4 Equipment Adjustments In 2011
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