I see your point, but if what you say was entirely true, no heavy equipment would be manufactured new today because nobody would buy it. You wouldn't be able pick up used equipment for a fraction of the price of new because nobody would be selling it and buying new.
Conclusions: 1. Heavy equipment manufacturers, like all other manufacturing companies, can only build what their customers will buy. Clearly there are customers would want those same features you despise. 2. Companies can't justify spending hundreds of thousands of dollars on new equipment if it's more profitable to operate the old stuff. Now it's up to the management of a company to decide what's acceptable in terms of interest costs, depreciation, downtime and productivity, but at least some have made the calculation that they'll make more money if they buy new equipment.
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