Ritchie Bros: U.S. April Truck Tractor Prices up 58% Y/Y

APR 22, 2022 - 7:12 am

With its April Market Trends Report, Ritchie Bros. continues to show year-over-year price inflation for all major equipment categories.
This month’s report includes an in depth look at Q1/22 sales, broken out by manufacturer. The April report also digs into sales of dozers, wheel loaders, articulated dump trucks, loader backhoes, multi-terrain loaders, skid steers, telehandlers, boom lifts, scissor lifts and truck tractors.

“Regardless of sales channel, pricing has been strong throughout the first quarter of 2022, with truck tractor prices leading the way, up 58% in the United States and 50% in Canada,” Doug Olive, senior vice president, Pricing, Ritchie Bros., said. “Overall, all our price indexes are showing year-over-year price inflation, which means it’s a great time to sell.”
“We continue to see tight supply and strong end-user demand for equipment across retail and auction markets,” Doug Rusch, managing director of Rouse Sales, said. “Retail values continue to rise month over month, increasing another 2% in March, making that an increase of 24% over the past 16 months. Auction values were also up 2% last month, building on the significant 5% increase we saw in February.”

Used Commercial Assets – Pricing Highlights Price change (±1.5%) year-over-year for the 3 months ending March 31, 2022
Categories	USA			CANADA
Large Earthmoving	Δ	Increased ~	20%	Δ	Increased ~	11%
Medium Earthmoving	Δ	Increased ~	37%	Δ	Increased ~	31%
Aerial	Δ	Increased ~	35%	Δ	Increased ~	23%
Truck Tractors	Δ	Increased ~	58%	Δ	Increased ~	50%
Vocational Trucks	Δ	Increased ~	38%	Δ	Increased ~	30%