In its latest Market trends for used equipment, Ritchie bros. said it had record buyer demand in 2020 as its auctions were 100% online. Ritchie Bros. found that increased demand led to price inflation across all device categories. For example, US truck tractor prices increased 8% in 2019 compared to the same period (three months to December).

The December 2020 Market Trends Roundup has a deep dive into multi-terrain loader sales. 2020 was a particularly strong year for off-road loaders in the U.S., according to Ritchie Bros. In fact, Ritchie Bros. sold more than 2,750 off-road trucks for $ 64 million in the first three quarters of 2020 (January through September), which was just below total off-road truck sales for 2019.

“The versatile multi-terrain loader was used across the industry and was in great demand in 2020. A record number of units have been sold through our numerous distribution channels, “said Doug Olive, senior vice president of pricing for Ritchie Bros.” There are a number of factors that contributed to this record year for multi-terrain loader sales, including an increase in housing construction, the renewal of the fleet of landlords, landscaping projects, seasonal work and much more. In the past five years, Ritchie Bros. has sold 14,000 off-road trucks for $ 313 million. “

Used Commercial Assets – December 2020 Summary Highlights
(for three months until December 2020)
Equipment category United States of America Canada
Heavy equipment The prices increased by 2% (± 1.5%) compared to the previous year The prices increased by 2% (± 1.5%) compared to the previous year
Truck tractors Prices increased by 8% (± 1.5%) compared to the previous year The prices increased by 2% (± 1.5%) compared to the previous year
Professional trucks Prices increased by 4% (± 1.5%) compared to the previous year Prices increased by 4% (± 1.5%) compared to the previous year
Lifting / material handling The prices increased by 1% (± 1.5%) compared to the previous year The prices increased by 2% (± 1.5%) compared to the previous year