Ritchie Bros.: Positive Price Trend Continues for Multiple Equipment Sectors



According to Ritchie Bros.’ May 2021 Used Equipment Market Trends Summary report, U.S. truck tractor pricing is up 24% year over year while U.S. medium earthmoving equipment pricing is up 19% and U.S. aerial equipment is up 14%.

“All of our price indexes are showing gains,” Doug Olive, senior vice president of pricing at Ritchie Bros., said. “With the large quantity of ag equipment sold at this time of year, we have added a general agriculture and an agricultural tractor index with our May report. Both indexes are showing year-over-year inflation in the high single digits. This echoes the pricing strength we are experiencing in construction and transportation right now.”


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