How Stagflation Is Reshaping the Used Heavy Equipment Market

Stagflation Conversations with Fexingo: High Inflation, Slow Growth, and 1970s Echoes · Jul 20, 2026 · 10m · transcript

While most coverage of stagflation focuses on consumer prices, Lucas and Luna drill into the market for used heavy equipment — bulldozers, excavators, and haul trucks. Construction and mining companies are holding onto machines longer as new equipment prices surge and financing costs climb. Auction prices for late-model Cat D6 dozers have risen 18% year-over-year, and rental fleets are expanding their average fleet age to record highs. The hosts unpack data from Ritchie Bros. Auctioneers, the impact of rising steel and semiconductor costs on new production, and what the backlog at…