Ritchie Bros.’ Market Trends Show Prices Down Y/Y Across All Sectors

JUL 16, 2020 - 6:59 am

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.

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!