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Heavy Equipment
Excavators take centre stage in latest market trends summary report
December 7, 2020 By Rock to Road
Photo courtesy of Ritchie Bros.Vancouver – Ritchie Bros. released its latest Market Trends Summary Report, which digs deep into industry pricing trends and it discusses one of the company’s most popular equipment categories: excavators.
“In a year of volatility, excavator pricing has remained relatively stable,” said Doug Olive, senior vice president of pricing.
| Used Commercial Assets – December 2020 Summary Highlights | ||
| Equipment Category | USA | Canada |
| Used heavy equipment | Prices steady (± 1.5%) year over year | Prices increased 1% (± 1.5%) year over year |
| Truck tractors | Prices increased 7% (± 1.5%) year over year | Prices steady (± 1.5%) year over year |
| Vocational trucks | Prices increased 3% (± 1.5%) year over year | Prices steady (± 1.5%) year over year |
| Lifting/material handling | Prices steady (± 1.5%) year over year | Prices increased ~2% (± 1.5%) year over year |
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