Ritchie Bros.' June Market Trends Report reveals that U.S. truck tractor pricing is up 23 percent year over year (for the three months ending May 31), while medium earthmoving and vocational truck prices in the United States are up 21 percent.
The company is seeing similar strength in the Canadian market, with medium earthmoving up 28 percent and vocational trucks up 23 percent, while truck tractor pricing is up 15 percent.
"2021 continues to be a seller's market, with positive pricing trends across all our indexes," said Doug Olive, SVP, 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.
Ritchie Bros.' Market Trends application is an independent part of Ritchie Bros. Asset Solutions, a cloud-based asset management and disposition system with a suite of tools and services designed to help customers better manage, analyze, and sell their assets.
The free June report is now available for download here.
Source: Ritchie Bros.
