new year. We are working hard to shorten lead times on those units.
One noticeable trend that will also likely continue industry wide in 2025 is customers planning purchases of all types of cranes further in advance.
Given some of the unit lead times, along with whatever supply challenges that may remain, crane owners are paying close attention to their crane needs farther down the road.
New and Used Crane Dealer
Jason MacKenzie, president, Select Crane Sales
Select Crane Sales expects to see several key trends developing in the new and used crane market for 2025.
One significant trend is the tightening availability of late model used cranes as demand has increased.
This issue is emerging because the higher prices of new cranes do not align with current rental rates.
That difference is making potential buyers more hesitant to invest in new machinery. Despite this hesitance towards buying new, Select Crane Sales is seeing strong overall demand for both new and used cranes.
The lack of availability of late model used cranes has forced some buyers to take delivery of higher-priced new cranes to meet their project deadlines, a trend that will continue in 2025.
Another trend Select Crane Sales feels will affect dealers during 2025 stems from company acquisitions and fleet consolidations.
As crane rental companies and crane service providers combine their operations and consolidate their fleets, we expect they will offer some older or redundant units for sale.
Also, as crane fleet owners in general continue their efforts to streamline operations, we believe they will liquidate under-used assets.
That could offset some of the demand for used cranes, as older machines that have typically been held on to will instead become available for purchase.
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