With the decline of China's construction industry, the construction machinery industry has also encountered a cold winter.
In the past 40 years, China has produced a large number of excavators. Because the steel body of the excavator is very difficult to wear, old excavators are generally not easy to withdraw from the market. After proper repairs, they can often still work in a brand new posture. Therefore, China's second-hand excavator market is still a very hot market until now.
However, with the downturn in the construction industry, more and more excavator operators and engineering companies plan to sell or have sold their excavators. This makes the Chinese market basically occupied by second-hand excavators.
Sany's new machine sales suffered an unprecedented blow. As a state-owned enterprise, it began to use its political advantages to crack down on second-hand dealers together with the government. They joined the police to interrogate and record second-hand dealers in the way of investigating criminals, in order to intimidate second-hand dealers.
Sany is not the first company to do this. XCMG has already started similar actions. Including but not limited to Alibaba only allows XCMG to operate itself, and does not allow second-hand dealers to participate.
This may be an unprecedented opportunity for overseas buyers, as XCMG and Sany's high-quality excavators may see huge price cuts.
