Tip:
Highlight text to annotate it
X
THE FAMILY'S ELECTRIC RATE
ASSISTANCE PROGRAM.
THE RECESSION AND COLLAPSE OF
THE HOUSING MARKET HAS PUT THE
SQUEEZE ON COMPANIES THAT RENT
HEAVY EQUIPMENT.
FINDING THEY HAVE TO SELL SOME
OF THAT INVENTORY.
DAVE MALKOFF SHOWS US IN
TONIGHT'S 6:15 SPOTLIGHT.
>> Reporter: WITH HOME PRICES
FALLING FROM THE SKY SO DOES
EVERYTHING USED TO BUILD HOUSES.
>> MAINLY CONSTRUCTION
EQUIPMENT.
TRUCKS, TRAILERS.
>> Reporter: BEEN IN THE HEAVY
EQUIPMENT AUCTION DATE FOR OR 25
YEARS.
NEVER BEEN SO SHAKY.
PRICES REALLY HAVE COME DOWN.
>> YES, THEY HAVE.
AND SOME ALMOST 50 PERCENT.
>> Reporter: HALF OFF.
COMPARED -- YEARS AGO THIS
AUCTION IS TWICE AS LARGE.
THAT'S TWICE THE CHERRY PICKERS.
THE AUCTION STARTS EARLY SUNDAY
MORNING.
>> I NEED THIS IN LOS ANGELES
TRAFFIC.
>> Reporter: KNOW ANYONE CAN
BUY A FIRE TRUCK.
>> Reporter: THIS TRASH
COMPACTOR.
THE LAST TIME I SAW SOMETHING
LIKE THIS PEOPLE WERE DRIVING
IT.
>> AROUND $5,000.
THIS CACTUS, THE FIRST TIME WE
SOLD ONE.
>> Reporter: THIS IS WHAT
HAPPENS TO AN ENTIRE INDUSTRY.
>> THE BIG COMPANIES ARE
DOWNSIZING.
WE ARE GETTING MORE EQUIPMENT.
>> Reporter: ALL ITEMS ARE ON
LINE.
DEAR TED TO CBS2.COM.
PAUL: IT'S A SATURDAY AFTERNOON