Equipment Sector — Construction
Navigating Today’s Equipment Marketplace
What Sellers Need to Know in Order to Succeed
When it comes to reselling equipment, no matter how much research you do or how prepared you are, ultimately it’s the marketplace that determines the outcome of the sale. Understanding the marketplace, effective marketing strategies and the flexibility of your business all contribute to the success of liquidating equipment … both today and in years to come.
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Federal Infrastructure Investments
In Today’s Climate, Uncertainty Is the Name of the Game
Equipment markets can’t seem to get a break. After losing 37% of its workforce during the economic downturn, the construction equipment industry has suffered through a jobless recovery plagued by uncertainty surrounding long-term federal infrastructure investments. Given the outsized role the federal government plays in driving equipment purchases to build infrastructure projects, this uncertainty has constrained growth.
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No Break in Sight as Infrastructure Investment is ‘Threatened Like Never Before’
Last year, anxious eyes looked toward Capitol Hill for signs of a long overdue break for the construction industry. Today, the climate is cloudier than ever with the fate of infrastructure investment hanging precariously in the balance. And the numbers speak volumes. If highway investment were to be slashed to $27 billion in 2012, equipment [...]
Read more...Date Posted September 28, 2011
In the Face of a Downturn, Construction Equipment Industry Groups Launch Recovery Campaign
The sharp drop in construction activities and production of construction materials such as asphalt and cement have led to an unprecedented decline in equipment purchases. Just how bad is it for the construction equipment industry? A recent study, conducted by IHS Global Insights for two associations, paints a bleak picture. Now, the AED and AEM have combined forces to launch an aggressive campaign to tell the industry’s story on Capitol Hill.
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Construction Industry Remains Unsteady
Investments in the Highway Fund, Water Projects Could Bring It Back on Track
With a half million construction jobs lost since last year, the construction industry is teetering on the edge. Its resurgence depends on a variety of factors, but most of all how the industry can work together and with local, state and federal governments to make that difference.
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Construction Equipment Dealers Admit Contractors Are Feeling the Pinch
With the residential housing market going down the drain, major banks being bailed out by the Fed and company after company filing Chapter 11 or even Chapter 7, to say it’s been a rough year is an understatement. And no industry knows this better than the construction industry.
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Wells Fargo Acquires CIT’s Construction Unit
The Power of Two
On June 22, Wells Fargo and the CIT Group announced they signed a purchase agreement in which Wells Fargo would acquire the construction lending unit of CIT. Ron Riecks will serve as general manager of the new entity called Wells Fargo Construction, which will be a division of Wells Fargo Equipment Finance.
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In Construction Equipment Finance, One Thing Is Constant…Continuing Change
Industry veteran Philip Cooper provides an overview of the industry — pointing out the recent changes such as Wells Fargo’s acquisition of CIT’s Construction Equipment unit, among others. In it, he finds, that although the years pass, the only thing that remains constant in the industry is, in fact, change.
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