Truck Tractor Prices Increase According to Ritchie Bros. Market Trends. : CEG
Mon April 25, 2022 – National Edition
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 first quarter sales (January through March), broken down by manufacturer. A quick look at American build categories and its clear Ritchie Bros. sell more caterpillar equipment than any other brand. In fact, looking at excavator sales in the United States, the company has sold three times as many Cat units (over 370) as the next manufacturer, John Deere (more than 130).
The April report also examines sales of bulldozers, wheel loaders, articulated dumpers, backhoe loaders, rough terrain loaders, skid steer loaders, telehandlers, aerial work platforms, scissor lifts and road tractors.
“We continue to generate record demand across our various online auctions and marketplaces, including our largest Montreal auction in March, huge regional auction events, our weekly IronPlanet sales, Marketplace- E and Ritchie List,” Doug Olive said. , Senior Vice President, Pricing, Ritchie Bros.
“Regardless of the sales channel, prices were 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 of our price indices show year-over-year prices. inflation, which means it’s the perfect time to sell. »
Doug Rusch, General Manager of Rouse Sales, added, “We continue to see tight supply and strong end-user demand for equipment in the retail and auction markets. Retail values continue to rise month over month, rising another 2% in March, a 24% increase over the past 16 months. Auction value also rose 2% last month, building on the significant 5% increase we saw in February.
For more information, visit RitchieBros.com and rbassetsolutions.com/market-trends-report.