Construction equipment

Used equipment prices continue to rise

Prices for used professional trucks rose 35% in the third quarter from a year ago, according to Ritchie Bros. ‘ October Market Trend Report. The prices of used medium-sized earthmoving machines increased by 38%.

The report specifically examines concrete mixer trucks, mechanical trucks, and flatbed trucks sold in the United States. In the third quarter of 2021 alone, the median price of mechanic’s trucks in the United States increased 54% year-over-year.

“We continue to generate unprecedented demand in all of our markets, with our last two regional auction events in September registering over 20,000 combined online bidders.” “Transportation equipment prices hit new record highs, while As earthmoving, aerial and professional midsize work truck prices also continue to climb, ”said Doug Olive, executive vice president (pricing) of Ritchie Bros., in a prepared statement.

Doug Rusch, managing director of Rouse Sales, said in a statement:

“Used equipment sells for the highest price points we’ve seen in five years at Rouse. In fact, the rise in retail values ​​is accelerating, with values ​​in August and September increasing at a faster rate than in the first half of 2021. Coinciding with the rise in retail values, which climbed an additional 3% in September , we have seen a moderate decline in used equipment sales volumes as the used supply remains limited in the industry and fleet owners carefully manage available inventory.

Source: Ritchie Bros.

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