{"id":411724,"date":"2021-01-11T07:03:45","date_gmt":"2021-01-11T12:03:45","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=411724"},"modified":"2021-01-11T07:03:45","modified_gmt":"2021-01-11T12:03:45","slug":"truck-tractors-and-heavy-equipment-prices-on-the-rise-according-to-ritchie-bros-latest-market-trends-report","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/truck-tractors-and-heavy-equipment-prices-on-the-rise-according-to-ritchie-bros-latest-market-trends-report\/","title":{"rendered":"Truck tractors and heavy equipment prices on the rise according to Ritchie Bros. latest Market Trends report"},"content":{"rendered":"
\n

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

\n

\n December 2020<\/span> report highlights multi-terrain loaders, dozers, loaders, graders, trucks, and more<\/p>\n

\n VANCOUVER, BC<\/span>, Jan. 11, 2021<\/span> \/PRNewswire\/ –\u00a0With its auctions 100% online due to COVID-19, Ritchie Bros. drew record buyer demand in 2020. As a result, the company’s latest Used Equipment Market Trends report is showing price inflation across all majority equipment categories. For example, U.S. truck tractor prices increased 8% over the same time period (three months ending December) in 2019.<\/p>\n

The December 2020<\/span> Market Trends summary includes a deep dive into multi-terrain loader sales, the versatile machine used across nearly every industry. In the United States<\/span>, 2020 has been a particularly strong year for multi-terrain loaders. In fact, in the first three quarters of 2020 (Jan \u2013 Sep), Ritchie Bros. sold 2,750+ multi-terrain loaders for US$64 million<\/span>, which is just shy of total multi-terrain loader sales for 2019.\u00a0\u00a0\u00a0<\/p>\n

“Used across industry, the versatile multi-terrain loader was in high demand in 2020, with a record number of units selling through our numerous sales channels,” said Doug Olive<\/span>, Senior Vice President, Pricing, Ritchie Bros. “There are a number of factors that have contributed to this record-breaking year for multi-terrain loader sales, including an uptick in residential construction, rental company fleet renewals, landscaping projects, seasonal work, and more. In the past five years, Ritchie Bros. has sold 14,000 multi-terrain loaders for US$313 million!”<\/p>\n

To learn more about equipment and truck prices, download the December version of the Ritchie Bros. Used Equipment Market Trends summary report at rbassetsolutions.com\/market-trends-report<\/a>. The December report also includes mix adjusted used pricing indices, including a 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
(for 3 months ending December 2020)<\/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 Heavy equipment<\/span>\n <\/p>\n<\/td>\n

\n

\n Prices increased 2% (\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

\n

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

\n

\n Prices increased 8% (\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

\n

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

\n

\n Prices increased 4% (\u00b1 1.5%) year over year<\/span>\n <\/p>\n<\/td>\n

\n

\n Prices increased 4% (\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 increased 1% (\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

\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 <\/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.<\/a>\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, <\/i><\/a>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<\/a>\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\/truck-tractors-and-heavy-equipment-prices-on-the-rise-according-to-ritchie-bros-latest-market-trends-report-301205033.html<\/a><\/p>\n

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

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

PR Newswire December 2020 report highlights multi-terrain loaders, dozers, loaders, graders, trucks, and more VANCOUVER, BC, Jan. 11, 2021 \/PRNewswire\/ –\u00a0With its auctions 100% online due to COVID-19, Ritchie Bros. drew record buyer demand in 2020. As a result, the company’s latest Used Equipment Market Trends report is showing price inflation across all majority equipment categories. For example, U.S. truck tractor prices increased 8% over the same time period (three months ending December) in 2019. The December 2020 Market Trends summary includes a deep dive into multi-terrain loader sales, the versatile machine used across nearly every industry. In the United States, 2020 has been a particularly strong year for multi-terrain loaders. In fact, in the first three quarters of 2020 … <\/p>\n

Continue reading “Truck tractors and heavy equipment prices on the rise according to Ritchie Bros. latest Market Trends 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-411724","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTruck tractors and heavy equipment prices on the rise according to Ritchie Bros. latest Market Trends 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\/truck-tractors-and-heavy-equipment-prices-on-the-rise-according-to-ritchie-bros-latest-market-trends-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Truck tractors and heavy equipment prices on the rise according to Ritchie Bros. latest Market Trends report - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire December 2020 report highlights multi-terrain loaders, dozers, loaders, graders, trucks, and more VANCOUVER, BC, Jan. 11, 2021 \/PRNewswire\/ –\u00a0With its auctions 100% online due to COVID-19, Ritchie Bros. drew record buyer demand in 2020. As a result, the company’s latest Used Equipment Market Trends report is showing price inflation across all majority equipment categories. For example, U.S. truck tractor prices increased 8% over the same time period (three months ending December) in 2019. The December 2020 Market Trends summary includes a deep dive into multi-terrain loader sales, the versatile machine used across nearly every industry. In the United States, 2020 has been a particularly strong year for multi-terrain loaders. 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