Where Has All The Machinery Gone?

摘要

"It was the perfect storm," laments Curt Blades of the Association of Equipment Manufacturers (AEM) in describing the a conditions that produced the most severe shortage of machinery in our lives. "A series of events no one could have anticipated slammed the entire industry the last 18 months, which left farmers, dealers, and manufacturers scrambling." Will 2022 be any better?Actually, the current iron famine has been years in the making with the shortage stage already being set in 2013.Demand for new machinery collapsed then due to falling commodity prices. In response, manufacturers pared back machinery production.At the same time, dealers began to suffer an abundance of used late-model machinery that had come in on trade with brisk sales from the previous five years. Companies aggressively worked to rid themselves of this used surplus by arming dealers with buyer incentive programs that slashed asking prices, offered no- or low-interest loans, and extended warranty coverage through attractive certified pre-owned programs.