Vocational trucks, medium earthmoving, and aerial equipment also
bringing big returns in 2022
VANCOUVER, BC, April 21,
2022 /CNW/ - With its April Market Trends Report,
Ritchie Bros. continues to show year
over year price inflation for all major equipment categories.
This month's report includes an in depth look at Q1 (Jan – Mar)
sales, broken out by manufacturer. A quick look at U.S.
construction categories and its clear Ritchie Bros. sells more Caterpillar equipment
than any other brand. In fact, when looking at excavator sales in
the U.S., the company sold three times more Cat units (370+) than
the next manufacturer, John Deere (130+). The April report also
digs into sales of dozers, wheel loaders, articulated dump trucks,
loader backhoes, multi-terrain loaders, skid steers, telehandlers,
boom lifts, scissor lifts, and truck tractors. Visit
rbassetsolutions.com/market-trends-report to download the
April report today.
"We continue to drive record-breaking demand across our various
online auctions and marketplaces, including our largest-ever
Montreal auction in March, huge
Regional Auction Events, our weekly IronPlanet sales, Marketplace-E
events, and Ritchie List," said
Doug Olive, Senior Vice President,
Pricing, Ritchie Bros. "Regardless
of sales channel, pricing has been strong throughout the first
quarter of 2022, with truck tractor prices leading the way, up 58%
in the United States and 50% in
Canada. Overall, all our price
indexes are showing year over year price inflation, which means
it's a great time to sell."
Doug Rusch, Managing Director of
Rouse Sales, added, "We continue to see tight supply and strong
end-user demand for equipment across retail and auction markets.
Retail values continue to rise month over month, increasing another
2% in March, making that an increase of 24% over the past 16
months. Auction values were also up 2% last month, building on the
significant 5% increase we saw in February."
Used Commercial
Assets - Pricing Highlights
Price change (±1.5%) year-over-year for the 3 months ending
March 31, 2022
|
Categories
|
USA
|
CANADA
|
Large
Earthmoving
|
Δ
|
Increased ~
|
20%
|
Δ
|
Increased ~
|
11%
|
Medium
Earthmoving
|
Δ
|
Increased ~
|
37%
|
Δ
|
Increased ~
|
31%
|
Aerial
|
Δ
|
Increased ~
|
35%
|
Δ
|
Increased ~
|
23%
|
Truck
Tractors
|
Δ
|
Increased ~
|
58%
|
Δ
|
Increased ~
|
50%
|
Vocational
Trucks
|
Δ
|
Increased ~
|
38%
|
Δ
|
Increased ~
|
30%
|
Source: Ritchie Bros.
transactional data.
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, mining, and forestry, the
company's selling channels include: Ritchie
Bros. Auctioneers, the world's largest industrial auctioneer
offering live auction events with online bidding; IronPlanet, an
online marketplace with weekly featured auctions and providing the
exclusive IronClad Assurance® equipment condition certification;
Marketplace-E, a controlled marketplace offering multiple price and
timing options; Ritchie List, a
self-serve listing service for North
America; Mascus, a leading European online equipment
listing service; Ritchie Bros.
Private Treaty, offering privately negotiated sales; and
sector-specific solutions GovPlanet, TruckPlanet, and Kruse Energy.
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; SmartEquip, an innovative technology platform that supports
customers' management of the equipment lifecycle and integrates
parts procurement with both OEMs and dealers; 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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content:https://www.prnewswire.com/news-releases/truck-tractor-prices-up-58-yoy-in-the-us-according-to-ritchie-bros-april-market-trends-report-301530621.html
SOURCE Ritchie Bros.