Dealers pass law to exempt heavy-duty equipment from ad valorem taxes.
Without really knowing their customers and splitting them up in some sensible way, dealers may be more vulnerable when the market is less robust than today. The answer could require some digging. But, lest you're tempted to dream of a similar selling price formula, wake up to a few reminders. Despite a slew of unanswered questions, I think we can expect equipment markets to be robust for the next few years.