Ritchie Bros.’ October Market Trends Report reported on sales of key aerial equipment categories in North America, specifically boom lifts, scissor lifts and telehandlers. This year Ritchie Bros. sold more than 9,600 boom lifts, scissor lifts, and telehandlers in the United States and approximately 1,400 units in Canada.

“We’ve sold more than 11,000 boom lifts, scissor lifts, and telehandlers in the United States and Canada this year,” Doug Olive, SVP, Ritchie Bros., said. “Aerial equipment is everywhere, on nearly every job site, so it’s no surprise how much these assets trade through our online auctions and marketplaces. In Q3 2022, aerial equipment prices in the United States were up 3% at Ritchie Bros. year over year, while prices in Canada were up 4%.”

In the United States, Ritchie Bros.’ mix-adjusted price indexes for the three months ending Sept. 30, 2022, show truck tractor prices are up approximately 7% compared to the same period last year, but down 11% compared to the three months ending Dec. 31, 2021. Meanwhile, large and medium earth-moving equipment prices are currently up 6% and 4% respectively compared to the same time period last year, however that is down 1% and 3% compared the three months ending Dec. 31, 2021. Vocational trucks are up 4% year-over-year (down 5% since Dec. 2021).

“After a slow first half of the year, we’ve seen two consecutive months of strong sales volumes, indicating some easing of supply constraints that have gripped the industry for some time,” Doug Rusch, managing director of Rouse Sales, said. “Overall, retail values continue to be on the rise.”