December 2020 report highlights
multi-terrain loaders, dozers, loaders, graders, trucks, and
more
VANCOUVER, BC, Jan. 11, 2021 /PRNewswire/ - With its
auctions 100% online due to COVID-19, Ritchie Bros. drew record
buyer demand in 2020. As a result, the company's latest Used
Equipment Market Trends report is showing price inflation across
all majority equipment categories. For example, U.S. truck tractor
prices increased 8% over the same time period (three months ending
December) in 2019.
The December 2020 Market Trends
summary includes a deep dive into multi-terrain loader sales, the
versatile machine used across nearly every industry. In
the United States, 2020 has been a
particularly strong year for multi-terrain loaders. In fact, in the
first three quarters of 2020 (Jan – Sep), Ritchie Bros. sold 2,750+
multi-terrain loaders for US$64
million, which is just shy of total multi-terrain loader
sales for 2019.
"Used across industry, the versatile multi-terrain loader was in
high demand in 2020, with a record number of units selling through
our numerous sales channels," said Doug
Olive, Senior Vice President, Pricing, Ritchie Bros. "There
are a number of factors that have contributed to this
record-breaking year for multi-terrain loader sales, including an
uptick in residential construction, rental company fleet renewals,
landscaping projects, seasonal work, and more. In the past five
years, Ritchie Bros. has sold 14,000 multi-terrain loaders for
US$313 million!"
To learn more about equipment and truck prices, download the
December version of the Ritchie Bros. Used Equipment Market Trends
summary report at rbassetsolutions.com/market-trends-report. The
December report also includes mix adjusted used pricing indices,
including a comparison chart for the U.S. Ritchie Bros. Heavy Truck
Price Index and U.S. Heavy Duty Truck shipments, plus a feature
section on small construction highlights.
Used Commercial
Assets – December 2020 Summary Highlights
(for 3 months ending December 2020)
|
Equipment
Category
|
USA
|
Canada
|
Heavy
equipment
|
Prices increased 2%
(± 1.5%) year over year
|
Prices increased 2%
(± 1.5%) year over year
|
Truck
tractors
|
Prices increased 8%
(± 1.5%) year over year
|
Prices increased 2%
(± 1.5%) year over year
|
Vocational
trucks
|
Prices increased 4%
(± 1.5%) year over year
|
Prices increased 4%
(± 1.5%) year over year
|
Lifting/material
handling
|
Prices increased 1%
(± 1.5%) year over year
|
Prices increased 2%
(± 1.5%) year over year
|
The Market Trends application is an independent part of the suite
of services within Ritchie Bros. Asset
Solutions (rbassetsolutions.com), which is a complete
end-to-end asset management and disposition system. This
cloud-based SaaS solution brings together a suite of tools and
services to help customers better manage, analyze, and sell their
assets. From any internet-enabled device, customers are able to
access a complete inventory management system, data analytics and
dashboards, branded e-commerce sites, and multiple external sales
channels.
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 multichannel sales solutions also includes Ritchie Bros.
Asset Solutions, a complete end-to-end asset management and
disposition 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.