June Market Trends shows price inflation across all indexes

Industry Insights Commenti

Pricing trends at Ritchie Bros.

Medium earthmoving up 28% in Canada; 21% in USA

May was another busy month for Ritchie Bros., with multiple record-breaking events and strong pricing across almost every single asset category.

According to our 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%.

We are 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 following chart outlines price index growth by asset category. To view individual price indexes, download the June Market Trends Report at rbassetsolutions.com/market-trends-report

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


Increased ~ 6%


Increased ~ 8%


Medium Earthmoving


Increased ~ 21%


Increased ~ 28%


Aerial


Increased ~ 14%


Increased ~ 18%


Truck Tractors


Increased ~ 23%


Increased ~ 15%


Vocational Trucks


Increased ~ 21%


Increased ~ 23%


Excavators


Increased ~ 8%


Increased ~ 11%


Agriculture


Increased ~ 5%


Increased ~ 10%

Excavator pricing up 11% in Canada; 8% in USA

Excavator pricing at Ritchie Bros.

With our June Report, we have included a special focus on excavator sales, including the excavator index pictured above. In the United States alone, the company has sold more than 1,800 excavators in 2021 for US$111+ million, while pricing has increased approximately 11% in Canada and 8% in the USA.

The following charts showcase USA and Canada sales of excavators at Ritchie Bros. marketplaces in 2020 and early 2021.

Large excavators sold at Ritchie Bros.

Midi excavators sold at Ritchie Bros.

Mini excavators sold at Ritchie Bros.

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