Sales ratio of compact track loaders, or multiterrain loaders, compared to skid steer loaders has flipped since 2010, according to Ritchie Bros. August Market Trends Report.
Over the past decade, the company has seen CTL sales grow exponentially in comparison to skid steers. In 2010, Ritchie Bros. sold roughly five times more skid steers (3,037 units) in the U.S. than compact track loaders (624 units). By 2020, that ratio had changed drastically, as the company sold approximately 2.5 times more CTLs (3,484) than skid steers (1,310).
“We continue to drive unprecedented demand in 2021, resulting in pricing strength across all our indexes in this month’s report,” said Doug Olive, SVP (pricing), in a prepared statement. “Medium earthmoving equipment like skid steer loaders and multi terrain loaders are performing particularly well this year. According to our recent skid steer index, prices for the small but versatile machines are up 30 percent in Canada and 27 percent in the United States.”
Said Doug Rusch, managing director of Rouse Sales, in a statement:
“The retail market for used compact-sized earthmoving equipment, including skid steer loaders, has shown impressive strength this year, leading all other categories in price achievement. Retail values for compact-sized earthmoving equipment are up 11 percent since January and are now at the highest level we’ve seen in the last 5-plus years, indicating healthy demand and an attractive selling environment.”
Source: Ritchie Bros.
