Rock to Road

News Heavy Equipment
Excavators take centre stage in latest market trends summary report


December 7, 2020
By Rock to Road

Topics
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 CategoryUSACanada
Used heavy equipmentPrices steady (± 1.5%) year over yearPrices increased 1% (± 1.5%) year over year
Truck tractorsPrices increased 7% (± 1.5%) year over yearPrices steady (± 1.5%) year over year
Vocational trucksPrices increased 3% (± 1.5%) year over yearPrices steady (± 1.5%) year over year
Lifting/material handlingPrices steady (± 1.5%) year over yearPrices increased ~2% (± 1.5%) year over year

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