“Yes, Mig. So absolutely will not be that sort of level of magnitude.”

In context

“es that need to be produced to also support what's happening with increased power generation requirements that helps RI. So I believe that the data center build-out helps a whole variety of products across our portfolio. Operator: We'll move next to Mig Dobre at Baird. Mircea Dobre: Thank you. Good morning, everyone. Just a quick follow-up on construction pricing. I guess it sounds like you expect a little bit of erosion here, but maybe we can get some insight in terms of the magnitude. I'm looking back at 2016, that's the last year where I think we saw two, three percentage points. Is that kind of a fair expectation to have going forward? And how do you think about used prices in this market and the potential impact that might have as we think about 2025 even? Thank you. Andrew Bonfield: Yes, Mig. So absolutely will not be that sort of level of magnitude. We obviously see a normal element of competitive positioning, which obviously impacts pricing. Obviously, we don't expect list price changes. This will be really about customer-by-customer discussions. On the impact of used market, the used market obviously has had some impact, has seen some erosion of price. Actually, quite interestingly, where that impacts us more is around Cat Financial. And actually although used prices are coming down, they are still relatively high compared to historic levels, and inventories are very low. So we are not expecting that to impact us. The other area, obviously, does impact used prices would be around rental fleet. And obviously that and higher interest rates are having some impact on rental fleet loading as we talked about already in the call. Operator”