Used Construction Equipment: Over 40% Will Not Buy New Equipment in 2010, But Rather Buy Used Construction Equipment

The Transportation Construction Coalition’s just released a survey showing that 81.2 percent of 527 transportation contractor respondents said that they will not buy new construction equipment in 2010. A contractor on the teleconference that announced the survey said that, "We'd rather buy used construction equipment, than buy new ones." Also, another contractor put this figure in prospective: “We have 60 percent of our equipment parked in our yard with nothing to do,” said Dean Word, president, Dean Word Construction, New Braunfels, Texas. “We are not spending money on new equipment. If we find we have a particular need for specialty equipment, we’ll lease it and then send it back.”