2022 has been full of uncertainty and it is also being felt in industrial equipment investment decisions.
While there has been a noticeable shortage of used machines for sale in the last quarter of 2021, this trend has accentuated at the beginning of 2022 and the global instability created by the current financial situation with the war in Ukraine.
Our customers continue at a high level of production, driven by the Covid crisis, a level of production that is still being maintained today.
New machinery sales, which have reached record highs over the past two years, are being delivered to their destinations over the next few months. We expect that as new machinery is being put into production these days, more used machinery will therefore come onto the market increasing the supply of used machines.
It seems that investments in new machinery have stabilized compared to sales in previous months. However, both our customers and our partners maintain positive forecasts for this 2022.
In the used machinery market, the current financial uncertainty is postponing the decision of many industrialists to dispose of equipment they no longer need. The result is a momentary shortage of supply of used machinery on the market, which coupled with high demand is driving prices up.
Demand for used machinery remains strong, resulting from the commitment of many companies to buy used equipment due to the uncertainty and long lead times for new machines.
Considering the current situation, MachinePoint encourages our customers to sell their unused equipment, and urge them to make the right decisions by providing a correct evaluation of their equipment and the search for serious buyers outside their area of competition. In this way we hope to ensure agility in transactions and the highest professionalism in the movement of industrial machinery internationally.
