{"id":394085,"date":"2020-12-07T07:03:40","date_gmt":"2020-12-07T12:03:40","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=394085"},"modified":"2020-12-07T07:03:40","modified_gmt":"2020-12-07T12:03:40","slug":"excavators-take-center-stage-for-ritchie-bros-latest-market-trends-summary-report","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/excavators-take-center-stage-for-ritchie-bros-latest-market-trends-summary-report\/","title":{"rendered":"Excavators take center stage for Ritchie Bros.’ latest Market Trends summary report"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

Pricing for excavators has held steady in 2020\u2014with median prices of $50,000<\/span> in Q1 and $47,000<\/span> in Q3<\/p>\n

\n VANCOUVER, BC<\/span>, Dec. 7, 2020<\/span> \/PRNewswire\/ –\u00a0When COVID-19 lockdowns started in North America<\/span> in mid-March, most construction work kept going, and so did Ritchie Bros. The company has seen record demand in 2020 and its latest Market Trends Summary Report, which digs deep into industry pricing trends, discusses one of Ritchie Bros. most popular equipment categories: excavators<\/a>. <\/p>\n

“In a year of volatility, excavator pricing has remained relatively stable,” said Doug Olive<\/span>, Senior Vice President, Pricing, for Ritchie Bros. “The excavator’s cross-industry applications help mitigate massive price fluctuations. We also believe that the uptick in housing starts throughout the United States<\/span> has had a positive impact on excavator pricing in 2020.”<\/p>\n

In the last three years (Jan. 2017<\/span> \u2013 Sep. 2020<\/span>) Ritchie Bros. has sold more than 15,000 excavators in the United States<\/span> alone, for more than $850 million<\/span>. The top selling brands by volume are Caterpillar, Komatsu, and John Deere, with the top models sold all being Caterpillar: 336EL, 320EL and 320CL. On average, approximately 27% of all excavators sold in the United States<\/span> during this time frame were sold to local state buyers, while 57% was sold to out of state U.S. buyers, and 16% sold to international buyers.<\/p>\n

To learn more about excavator sales at Ritchie Bros., download the December version of the Ritchie Bros. Used Equipment Market Trends Summary at rbassetsolutions.com\/market-trends-report<\/a>. The December report also includes mix adjusted used pricing indices, including an updated 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. <\/p>\n

\n\n\n\n\n\n\n\n
\n

\n Used Commercial Assets \u2013 December 2020 Summary Highlights<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Equipment Category<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n USA<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Canada<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Used heavy equipment<\/span>\n <\/p>\n<\/td>\n

\n

\n Prices steady (\u00b1 1.5%) year over year<\/span>\n <\/p>\n<\/td>\n

\n

\n Prices increased 1% (\u00b1 1.5%) year over year<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Truck tractors<\/span>\n <\/p>\n<\/td>\n

\n

\n Prices increased 7% (\u00b1 1.5%) year over year<\/span>\n <\/p>\n<\/td>\n

\n

\n Prices steady (\u00b1 1.5%) year over year<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Vocational trucks<\/span>\n <\/p>\n<\/td>\n

\n

\n Prices increased 3% (\u00b1 1.5%) year over year<\/span>\n <\/p>\n<\/td>\n

\n

\n Prices steady (\u00b1 1.5%) year over year<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Lifting\/material handling<\/span>\n <\/p>\n<\/td>\n

\n

\n Prices steady (\u00b1 1.5%) year over year<\/span>\n <\/p>\n<\/td>\n

\n

\n Prices increased ~2% (\u00b1 1.5%) year over year<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

The Market Trends application is an independent part of the suite of services within Ritchie Bros. Asset Solutions<\/a>\u00a0(rbassetsolutions.com<\/a>), 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.<\/p>\n

For more information about Market Trends, please email dataproducts@ritchiebros.com<\/a>.<\/p>\n

\n
\n About Ritchie Bros.:<\/u>
\n
\n <\/b>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.\u00a0<\/u>Auctioneers<\/a>, the world’s largest industrial auctioneer offers live auction events with online bidding; IronPlanet<\/a>, an online marketplace with featured weekly auctions and providing the exclusive IronClad Assurance\u00ae\u00a0equipment condition certification; Marketplace-E<\/a>, a controlled marketplace offering multiple price and timing options; Mascus<\/a>, <\/i>a leading European online equipment listing service; and Ritchie Bros. Private Treaty<\/a>, 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<\/a>, TruckPlanet<\/a>,\u00a0and Kruse Energy<\/a>,\u00a0plus equipment financing and leasing through Ritchie Bros. Financial\u00a0Services<\/a>. For more information about Ritchie Bros., visit RitchieBros.com<\/a>.<\/p>\n

\n Photos and video <\/b>for embedding in media stories\u00a0are available at\u00a0rbauction.com\/media<\/a>.\u00a0<\/b><\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/excavators-take-center-stage-for-ritchie-bros-latest-market-trends-summary-report-301187171.html<\/a><\/p>\n

SOURCE Ritchie Bros.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire Pricing for excavators has held steady in 2020\u2014with median prices of $50,000 in Q1 and $47,000 in Q3 VANCOUVER, BC, Dec. 7, 2020 \/PRNewswire\/ –\u00a0When COVID-19 lockdowns started in North America in mid-March, most construction work kept going, and so did Ritchie Bros. The company has seen record demand in 2020 and its latest Market Trends Summary Report, which digs deep into industry pricing trends, discusses one of Ritchie Bros. most popular equipment categories: excavators. “In a year of volatility, excavator pricing has remained relatively stable,” said Doug Olive, Senior Vice President, Pricing, for Ritchie Bros. “The excavator’s cross-industry applications help mitigate massive price fluctuations. We also believe that the uptick in housing starts throughout the United States … <\/p>\n

Continue reading “Excavators take center stage for Ritchie Bros.’ latest Market Trends summary report”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-394085","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nExcavators take center stage for Ritchie Bros.' latest Market Trends summary report - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/excavators-take-center-stage-for-ritchie-bros-latest-market-trends-summary-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Excavators take center stage for Ritchie Bros.' latest Market Trends summary report - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Pricing for excavators has held steady in 2020\u2014with median prices of $50,000 in Q1 and $47,000 in Q3 VANCOUVER, BC, Dec. 7, 2020 \/PRNewswire\/ –\u00a0When COVID-19 lockdowns started in North America in mid-March, most construction work kept going, and so did Ritchie Bros. The company has seen record demand in 2020 and its latest Market Trends Summary Report, which digs deep into industry pricing trends, discusses one of Ritchie Bros. most popular equipment categories: excavators. “In a year of volatility, excavator pricing has remained relatively stable,” said Doug Olive, Senior Vice President, Pricing, for Ritchie Bros. “The excavator’s cross-industry applications help mitigate massive price fluctuations. 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