The Ritchie Bros. August Market Trends Report. shows lower volumes and prices for excavators in the United States

Canada is a different story, with prices for large excavators up 12%, while mini excavators are up 31%

FORT WORTH, TX, August 18, 2022 /PRNewswire/ – With its August Market Trends Report, Ritchie Bros.. focuses on the sales of large and small excavators in United States and Canada. In the United States, median prices for large excavators are down 9% year over year, while prices for mini excavators are down 5% over the past 90 days. In Canada it’s a whole different story, with big excavator prices up 12% on the year, while mini excavator prices over the past 90 days are up 31%.

After the main file on excavators, the report turns to Ritchie Bros..’ individual composition-adjusted industrial indices, which are still up from 2021, but down month-on-month since peaking in price earlier this year. In the United States, tractor-trailer prices are still leading, up 27% year-over-year, while prices for professional, medium and large earth-moving trucks are up 18%, 15%, respectively. % and 12%. During this time at Canadatruck tractor prices increased by 25%, while professional, medium and heavy earthmoving trucks are at +10%, +13% and +12%.

“We continue to experience year-over-year price inflation for equipment and trucks in the United States and Canada,” said Doug OliveSenior Vice President, Pricing, Ritchie Bros.. “However, as transportation and logistics markets normalize, we have seen truck prices decline. We are also seeing similar price trends in our other industry indices, with year-over-year increases. other, but a month-over-month decline.”

Doug RushManaging Director of Rouse Sales, added, “Tight supply continues to be the story of the retail market, with below-average sales volumes driving high prices and retail values ​​up 2 % in July. Excavators in particular posted high prices, with retail values ​​up 4-5% over the past 90 days across all size categories. June 2022. Since then, we have seen the prices of smaller class mini excavators fall by 6-7% at auction, while the larger excavators are down 2%. »

Used Business Assets – Price Highlights
Price change (±1.5%) year over year for the 3 months ending July 31, 2022

Categories

UNITED STATES

CANADA

large earthwork

Δ

Increased ~

12%

Δ

Increased ~

12%

Medium earthwork

Δ

Increased ~

15%

Δ

Increased ~

13%

Air

Δ

Increased ~

13%

Δ

Increased ~

6%

Road tractors

Δ

Increased ~

27%

Δ

Increased ~

25%

Professional trucks

Δ

Increased ~

18%

Δ

Increased ~

ten %

Source: Ritchie Bros. transactional data.

About Ritchie Bros..:

Created in 1958, Ritchie Bros.. (NYSE: RBA) (TSX: RBA) is a global asset management and disposition company, providing clients with end-to-end solutions for the purchase and sale of heavy equipment, trucks and equipment. other used assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, mining and forestry, the company’s sales channels include: Ritchie Bros.. Auctioneers, the world’s largest industry auctioneer offering live auction events with online bidding; IronPlanet, an online marketplace offering weekly auctions and exclusive IronClad Insurance® equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; Ritchie lista self-service registration service for North America; Mascus, a European leader in online equipment referencing; Ritchie Bros.. Over-the-counter treaty, offering negotiated over-the-counter sales; and industry solutions GovPlanet, TruckPlanet and Ritchie Bros.. Energy. The Company’s solution suite also includes Ritchie Bros.. Asset Solutions and Rouse Services LLC, which together provide a comprehensive end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customer lifecycle management of equipment and integrates parts procurement from OEMs and dealers; as well as the financing and leasing of equipment by Ritchie Bros.. Financial services. For more information on Ritchie Bros.., visit RitchieBros.com.

Photos and video for inclusion in media articles are available at rbauction.com/media.

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