Ritchie Bros. is now sharing data insights though the market trends module within its asset solutions suite of tools, allowing customers, investors and analysts to better understand the strength of an asset class through analysis of the company’s transaction history.
“Similar to last month’s report, while prices across the major sectors are lower than a year ago, the rate of decline has continued to moderate through the high-volume June time period,” Ken Calhoon, VP of data analytics for Ritchie Bros., said. “Both the U.S. and Canada are showing stability across key equipment categories, and Texas, California and Alberta continue to be the top-three North American markets in terms of buyer participation.”
July 2020 Market Trends Summary Highlights (based on data from April – June 2020) | ||
Equipment Category | USA | Canada |
Used heavy equipment | Prices declined ~3% (± 1.5%) year over year | Prices declined ~1% (± 1.5%) year over year |
Truck tractors | Prices declined ~8% (± 1.5%) year over year | Prices declined ~5% (± 1.5%) year over year |
Vocational trucks | Prices declined ~4% (± 1.5%) year over year | Prices declined ~2% (± 1.5%) year over year |
Lifting/material handling | Prices declined ~6% (± 1.5%) year over year | Prices declined ~1% (± 1.5%) year over year |
Each month, Ritchie Bros. publishes a free downloadable report of pricing trends, broken out by industry. The July report is now available for download here.
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