Ritchie Bros. launched a Market Trends module within its Asset Solutions technology. This new Market Trends tool allows customers, investors, and analysts to better understand the strength of an asset class through in-depth analysis of Ritchie Bros. transaction history, including market trends, equipment price performance, asset valuation curves, and mix-adjusted price indexes.

Each month, Ritchie Bros. will produce a free downloadable report of high-level pricing trends, broken out by industry. The full Market Trends module is available for purchase.

“Used equipment experts, sellers, and buyers look to Ritchie Bros. transaction data as the industry gold standard,” said Ken Calhoon, vice president of Data Analytics, Ritchie Bros. “Our team of data analysts and data scientists use machine learning and data visualization to create one of the best used equipment data products on the market. Our free, downloadable Ritchie Bros. Used Equipment Market Trends report gives a good overview of trends in the various industries we work in.”