{"id":454092,"date":"2021-03-09T15:03:16","date_gmt":"2021-03-09T20:03:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=454092"},"modified":"2021-03-09T15:03:16","modified_gmt":"2021-03-09T20:03:16","slug":"ritchie-bros-highlights-2020-top-equipment-and-truck-categories-in-latest-market-trends-summary-report","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ritchie-bros-highlights-2020-top-equipment-and-truck-categories-in-latest-market-trends-summary-report\/","title":{"rendered":"Ritchie Bros. highlights 2020 top equipment and truck categories in latest Market Trends summary report"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

\n

Download the free report to learn more about 2020 Ritchie Bros. sales volumes, pricing, and more<\/p>\n

\n VANCOUVER, BC<\/span>, March 9, 2021<\/span> \/PRNewswire\/ –\u00a0In a year of uncertainty, with a health and economic crisis impacting most of the world, Ritchie Bros<\/span>. made the shift to 100% online bidding in 2020, showcasing its investment in technology by driving record-breaking demand and strong pricing for equipment and trucks. In fact, Ritchie Bros<\/span>. latest Market Trends summary report, which is now available for download at rbassetsolutions.com\/market-trends-report<\/a>, shows U.S. truck tractor pricing up 15% year over year, while vocational trucks, lifting and material handling, and heavy equipment are up 10%, 9%, and 5% respectively, compared to same time period last year.\u00a0\u00a0\u00a0\u00a0<\/p>\n

\n Ritchie Bros<\/span>.’ Market Trends application is an independent part of Ritchie Bros<\/span>. Asset Solutions<\/a>\u00a0(rbassetsolutions.com<\/a>), a cloud-based asset management and disposition system with a suite of tools and services to help customers better manage, analyze, and sell their assets. The March 2020<\/span> special edition Market Trends summary report highlights equipment categories that performed particularly well last year, including truck tractors, excavators, MFWD tractors, telescopic forklifts, and more.<\/p>\n

“When millions of businesses shifted to remote working, people started to shop more online, resulting in an uptick in shipments and a direct impact on the transportation industry,” said Doug Olive<\/span>, Senior Vice President, Pricing, Ritchie Bros<\/span>. “In 2020 Ritchie Bros. sold 18% more truck tractors than 2019 and median quarterly pricing was up in Q2 through Q4, with no signs of slowing demand. In fact, in December 2020<\/span>, watchlists for truck tractors in upcoming events was three times that of December 2019<\/span>. Ritchie Bros<\/span>. also saw record volume and pricing for flatbed trucks, van trucks, and van trailers\u2014all of which are tied to the ‘last mile transport’ trend which grew exponentially last year.”<\/p>\n

Mr. Olive continued, “We also saw a significant rise in residential real estate construction in 2020 as remote workers looked to move away from city centers and\/or decided to focus on home improvements while in isolation. Not surprisingly this has resulted in solid to strong pricing for all different types of earthmoving equipment, including multi-terrain loaders, which saw more volume and better pricing than 2019; as well as excavators and dozers, both of which saw slightly fewer units year over year, but with much stronger pricing.”<\/p>\n

To learn more about equipment and truck prices, download the March 2020<\/span> Ritchie Bros. Used Equipment Market Trends summary report at rbassetsolutions.com\/market-trends-report<\/a>. This report also includes mix adjusted used pricing indices, including a comparison chart for the U.S. Ritchie Bros<\/span>. Heavy Truck Price Index and U.S. Heavy Duty Truck shipments. <\/p>\n

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

\n
\n Used Commercial Assets – Pricing Highlights<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Price change (\u00b11.5%) year-over-year for the 3 months ending February 28, 2021<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Categories<\/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 \u0394 <\/span>\n <\/p>\n<\/td>\n

\n

\n Increased ~<\/span>\n <\/p>\n<\/td>\n

\n

\n 5%<\/span>\n <\/p>\n<\/td>\n

\n

\n \u0394<\/span>\n <\/p>\n<\/td>\n

\n

\n Increased ~<\/span>\n <\/p>\n<\/td>\n

\n

\n 4%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Lift & Material Handling Equipment<\/span>\n <\/p>\n<\/td>\n

\n

\n \u0394<\/span>\n <\/p>\n<\/td>\n

\n

\n Increased ~<\/span>\n <\/p>\n<\/td>\n

\n

\n 9%<\/span>\n <\/p>\n<\/td>\n

\n

\n \u0394<\/span>\n <\/p>\n<\/td>\n

\n

\n Increased ~<\/span>\n <\/p>\n<\/td>\n

\n

\n 4%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n \u0394<\/span>\n <\/p>\n<\/td>\n

\n

\n Increased ~<\/span>\n <\/p>\n<\/td>\n

\n

\n 15%<\/span>\n <\/p>\n<\/td>\n

\n

\n \u0394<\/span>\n <\/p>\n<\/td>\n

\n

\n Increased ~<\/span>\n <\/p>\n<\/td>\n

\n

\n 5%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n \u0394<\/span>\n <\/p>\n<\/td>\n

\n

\n Increased ~<\/span>\n <\/p>\n<\/td>\n

\n

\n 10%<\/span>\n <\/p>\n<\/td>\n

\n

\n \u0394<\/span>\n <\/p>\n<\/td>\n

\n

\n Increased ~<\/span>\n <\/p>\n<\/td>\n

\n

\n 6%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

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

\n
\n About Ritchie Bros<\/span>.:
<\/u>
\n <\/b>Established in 1958, Ritchie Bros<\/span>. (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<\/span>.<\/a>\u00a0Auctioneers, <\/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 equipment 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<\/span>. Private Treaty, <\/a>offering privately negotiated sales. The Company’s suite of solutions also includes Ritchie Bros<\/span>. Asset Solutions<\/a> and Rouse Services LLC<\/a>, which together provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system. Ritchie Bros<\/span>. also offers sector-specific solutions including GovPlanet, <\/a>TruckPlanet,<\/a> and Kruse Energy<\/a>, plus equipment financing and leasing through Ritchie Bros<\/span>. Financial<\/a>Services. <\/a>For more information about Ritchie Bros<\/span>., 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\/ritchie-bros-highlights-2020-top-equipment-and-truck-categories-in-latest-market-trends-summary-report-301243841.html<\/a><\/p>\n

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

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

PR Newswire Download the free report to learn more about 2020 Ritchie Bros. sales volumes, pricing, and more VANCOUVER, BC, March 9, 2021 \/PRNewswire\/ –\u00a0In a year of uncertainty, with a health and economic crisis impacting most of the world, Ritchie Bros. made the shift to 100% online bidding in 2020, showcasing its investment in technology by driving record-breaking demand and strong pricing for equipment and trucks. In fact, Ritchie Bros. latest Market Trends summary report, which is now available for download at rbassetsolutions.com\/market-trends-report, shows U.S. truck tractor pricing up 15% year over year, while vocational trucks, lifting and material handling, and heavy equipment are up 10%, 9%, and 5% respectively, compared to same time period last year.\u00a0\u00a0\u00a0\u00a0 Ritchie Bros.’ … <\/p>\n

Continue reading “Ritchie Bros. highlights 2020 top equipment and truck categories in 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-454092","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRitchie Bros. highlights 2020 top equipment and truck categories in 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\/ritchie-bros-highlights-2020-top-equipment-and-truck-categories-in-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=\"Ritchie Bros. highlights 2020 top equipment and truck categories in latest Market Trends summary report - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Download the free report to learn more about 2020 Ritchie Bros. sales volumes, pricing, and more VANCOUVER, BC, March 9, 2021 \/PRNewswire\/ –\u00a0In a year of uncertainty, with a health and economic crisis impacting most of the world, Ritchie Bros. made the shift to 100% online bidding in 2020, showcasing its investment in technology by driving record-breaking demand and strong pricing for equipment and trucks. In fact, Ritchie Bros. latest Market Trends summary report, which is now available for download at rbassetsolutions.com\/market-trends-report, shows U.S. truck tractor pricing up 15% year over year, while vocational trucks, lifting and material handling, and heavy equipment are up 10%, 9%, and 5% respectively, compared to same time period last year.\u00a0\u00a0\u00a0\u00a0 Ritchie Bros.’ … Continue reading "Ritchie Bros. highlights 2020 top equipment and truck categories in latest Market Trends summary report"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ritchie-bros-highlights-2020-top-equipment-and-truck-categories-in-latest-market-trends-summary-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-09T20:03:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA04173&sd=2021-03-09\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ritchie-bros-highlights-2020-top-equipment-and-truck-categories-in-latest-market-trends-summary-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ritchie-bros-highlights-2020-top-equipment-and-truck-categories-in-latest-market-trends-summary-report\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Ritchie Bros. highlights 2020 top equipment and truck categories in latest Market Trends summary report\",\"datePublished\":\"2021-03-09T20:03:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ritchie-bros-highlights-2020-top-equipment-and-truck-categories-in-latest-market-trends-summary-report\\\/\"},\"wordCount\":693,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ritchie-bros-highlights-2020-top-equipment-and-truck-categories-in-latest-market-trends-summary-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=VA04173&sd=2021-03-09\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ritchie-bros-highlights-2020-top-equipment-and-truck-categories-in-latest-market-trends-summary-report\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ritchie-bros-highlights-2020-top-equipment-and-truck-categories-in-latest-market-trends-summary-report\\\/\",\"name\":\"Ritchie Bros. highlights 2020 top equipment and truck categories in latest Market Trends summary report - 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