Ritchie Bros. April Market Trends Report continues to show year over year price inflation for all major equipment categories, highlighted by a 58 percent increase in truck tractor prices.
Medium earthmoving equipment was up 37 percent, and aerial equipment jumped 35 percent.
The report also includes an in-depth look at Q1 sales, broken out by manufacturer. A quick look at U.S. construction categories and its clear Ritchie Bros. sells more Caterpillar equipment than any other brand. In fact, when looking at excavator sales in the U.S., the company sold three times more Cat units (370+) than the next manufacturer, John Deere (130+).
The April report also digs into sales of dozers, wheel loaders, articulated dump trucks, backhoes, multiterrain loaders, skid steers, telehandlers, boom lifts, scissor lifts, and truck tractors.
Download the April report.
Doug Rusch, managing director of Rouse Sales, says, "We continue to see tight supply and strong end-user demand for equipment across retail and auction markets. Retail values continue to rise month over month, increasing another 2 percent in March, making that an increase of 24 percent over the past 16 months. Auction values were also up 2 percent last month, building on the significant 5 percent increase we saw in February."
Source: Ritchie Bros.
