Truck tractors and heavy equipment prices on the rise
By Rock to Road
December 2020 report highlights multi-terrain loaders, dozers, loaders, graders, trucks, and more
By Rock to Road
Vancouver, B.C. – With its auctions 100 per cent online due to COVID-19, Ritchie Bros. drew record buyer demand in 2020. As a result, the company’s latest Used Equipment Market Trends report is showing price inflation across all majority equipment categories. For example, truck tractor prices increased two per cent over the same time period in 2019.
The December 2020 Market Trends summary includes a deep dive into multi-terrain loader sales, the versatile machine used across nearly every industry.
“Used across industry, the versatile multi-terrain loader was in high demand in 2020, with a record number of units selling through our numerous sales channels,” said Doug Olive, senior vice-president of pricing. “There are a number of factors that have contributed to this record-breaking year for multi-terrain loader sales, including an uptick in residential construction, rental company fleet renewals, landscaping projects, seasonal work, and more.”
To learn more about equipment and truck prices, download the December version of the Ritchie Bros. Used Equipment Market Trends summary report at rbassetsolutions.com.
|Used Commercial Assets – December 2020 Summary Highlights|
(for 3 months ending December 2020)
|Heavy equipment||Prices increased 2% (± 1.5%) year over year||Prices increased 2% (± 1.5%) year over year|
|Truck tractors||Prices increased 8% (± 1.5%) year over year||Prices increased 2% (± 1.5%) year over year|
|Vocational trucks||Prices increased 4% (± 1.5%) year over year||Prices increased 4% (± 1.5%) year over year|
|Lifting/material handling||Prices increased 1% (± 1.5%) year over year||Prices increased 2% (± 1.5%) year over year|