U.S. truck tractor price index up 23% year over
year; medium earthmoving in the U.S. up 21%
VANCOUVER, BC, June 9, 2021 /CNW/ - May was another busy month
for Ritchie Bros., with multiple record-breaking events and strong
pricing across almost every single asset category. In fact,
according to Ritchie Bros.' June Market Trends Report, U.S. truck
tractor pricing is up 23% year over year (for the three months
ending May 31), while medium
earthmoving and vocational truck prices in the United States are up 21%. The company is
seeing similar strength in the Canadian market, with medium
earthmoving up 28% and vocational trucks up 23%, while truck
tractor pricing is up 15%.
The free June report is now available for download at:
rbassetsolutions.com/market-trends-report.
"2021 continues to be a seller's market, with positive pricing
trends across all our indexes," said Doug
Olive, Senior Vice President, Pricing, Ritchie Bros. "Our
auctions and online marketplaces are driving unprecedented demand
and strong prices for sellers. With a single Edmonton auction in May we attracted 1.8
million online equipment views and registered 28,700 bidders,
surpassing our previous bidder record by 18
percent!"
With the June 2021 Market Trends
Report, Ritchie Bros. has included a special focus on excavator
sales, including an excavator index. In the United States alone, the company has sold
more than 1,800 excavators in 2021 for US$111+ million.
Used Commercial
Assets - Pricing Highlights
Price change (±1.5%) year-over-year for the 3 months ending May
31, 2021
|
Categories
|
USA
|
CANADA
|
Large
Earthmoving
|
Δ
|
Increased
~
|
6%
|
Δ
|
Increased
~
|
8%
|
Medium
Earthmoving
|
Δ
|
Increased
~
|
21%
|
Δ
|
Increased
~
|
28%
|
Aerial
|
Δ
|
Increased
~
|
14%
|
Δ
|
Increased
~
|
18%
|
Truck
Tractors
|
Δ
|
Increased
~
|
23%
|
Δ
|
Increased
~
|
15%
|
Vocational
Trucks
|
Δ
|
Increased
~
|
21%
|
Δ
|
Increased
~
|
23%
|
Excavators
|
Δ
|
Increased
~
|
8%
|
Δ
|
Increased
~
|
11%
|
Agriculture
|
Δ
|
Increased
~
|
5%
|
Δ
|
Increased
~
|
10%
|
Ritchie Bros.' Market Trends application is an independent part
of Ritchie Bros. Asset Solutions (rbassetsolutions.com), a
cloud-based asset management and disposition system with a suite of
tools and services to help customers better manage, analyze, and
sell their assets. For more information about Market Trends, please
email dataproducts@ritchiebros.com.
About Ritchie Bros.:
Established in 1958, Ritchie
Bros. (NYSE and TSX: RBA) is a global asset management and
disposition company, offering customers end-to-end solutions for
buying and selling used heavy equipment, trucks and other assets.
Operating in a number of sectors, including construction,
transportation, agriculture, energy, oil and gas, mining, and
forestry, the company's selling channels include: Ritchie
Bros. Auctioneers, the world's largest industrial auctioneer
offers live auction events with online bidding; IronPlanet, an
online marketplace with featured weekly auctions and providing the
exclusive IronClad Assurance® equipment condition certification;
Marketplace-E, a controlled marketplace offering multiple price and
timing options; Mascus, a leading European online equipment
listing service; and Ritchie Bros. Private Treaty, offering
privately negotiated sales. The Company's suite of solutions also
includes Ritchie Bros. Asset Solutions and Rouse Services LLC,
which together provides a complete end-to-end asset management,
data-driven intelligence and performance benchmarking system.
Ritchie Bros. also offers sector-specific solutions including
GovPlanet, TruckPlanet, and Kruse Energy, plus equipment financing
and leasing through Ritchie Bros. Financial Services. For more
information about Ritchie Bros., visit RitchieBros.com.
Photos and video for embedding in media stories are
available at rbauction.com/media.
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SOURCE Ritchie Bros.