Ritchie Bros. | February Market Trends Report | Ritchie Bros. Asset Solutions @ritchiebros | Uploaded 2 years ago | Updated December 13 2022
The trucking industry continued to see high demand in 2021. Factors such as port congestion, COVID-related reduced workforce capacity, and continued driver shortages hampered the pace of production contributing to the unprecedented price acceleration of used trucks in 2021.
Check out some highlights in this video, then download our FREE February edition for more trends to help guide your used equipment sales strategy: https://bit.ly/3egDa3D
General trend highlights from the February report
U.S. transportation pricing trends:
- Used truck tractors prices increased 65% compared to the same last three months ending in December 2021, according to the Ritchie Bros. mix-adjusted price index
- Used vocational trucks prices increased 44% compared to the same last three months ending in December 2021, according to the Ritchie Bros. mix-adjusted price index
Canadian transportation pricing trends:
- Used truck tractors prices increased 37% compared to the same last three months ending in December 2021, according to the Ritchie Bros. mix-adjusted price index
- Used vocational trucks prices increased 32% compared to the same last three months ending in December 2021, according to the Ritchie Bros. mix-adjusted price index
- Trucks and trailers for sale at Ritchie Bros.
A breakdown of truck & trailer pricing in the U.S. and Canada
United States:
- Truck Tractors T/A – Median Price was 25% higher in 2021 than in the previous year. Even with a decline in volume of 37%, over 11,000 truck tractors were sold in 2021
- Van Trailers – Median price rose 140% in 2021 comparted to 2020
- Pickup Trucks – Median Price was 30% higher in 2021 than in the previous year. Even with a decline in volume of 18%, over 6,000 pickup trucks were sold in 2021
- Lowboy Trailers – Median Price was 24% higher in 2021 than in the previous year
- Heavy Haul Trucks – Median Price was 35% higher in 2021 than in the previous year
Canada:
- Truck Tractors T/A – Median Price was 22% higher in 2021 than in the previous year. Even with a decline in volume of 22%, over 4,000 truck tractors were sold in 2021
- Pickup Trucks – Median Price was 10% higher in 2021 than in the previous year. Even with a decline in volume of 11%, over 3,000 pickup trucks were sold in 2021
- Lowboy Trailers – Median Price was 19% higher in 2021 than in the previous year
- Heavy Haul Trucks – Median Price was 23% higher in 2021 than in the previous year
▬ About Ritchie Bros ▬
#RitchieBros is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets.
Our solutions include: Ritchie Bros. Auctioneers – the world’s largest industrial auctioneer offers live and online auction events; Ritchie List – another trusted solution from industry-leader Ritchie Bros., offers customers a robust platform for conducting private sales. We connect sellers and buyers of used heavy equipment, trucks and other assets and give them the tools, services, data and info to complete their sale safely, securely, and with total confidence. IronPlanet - an online marketplace with featured weekly auctions and providing its exclusive IronClad Assurance® equipment condition certification. Marketplace-E – an online marketplace offering multiple price and timing options. Ritchie Bros. Financial Services – convenient equipment & trucks financing and leasing. Gov Planet – online marketplace and weekly auctions featuring surplus government and U.S. military assets. Kruse energy – live auctions specializing in oilfield and energy-related assets. Salvage Sale – online salvage disposition for the insurance industry. Ritchie Bros. Asset Solutions –a web-based, mobile friendly software tool that empowers you to track assets with real-time market valuations, get inspection and appraisal services, and easily workflow equipment and truck inventory to multiple disposition channels with a simple click. Rouse – data and analytics to drive information-base decision making.
Learn more about buying and selling possibilities with Ritchie Bros. at our website www.rbauction.com. Create a free account, register for an auction and start bidding already today! What is more, that will give you the access to selling prices, you will be able to save your equipment searches, apply for finances and a lot more.
#MarketTrends #EquipmentTrends #HeavyEquipment #TransportationEquipment #EquipmentPrice #ConstructionEquipment #Machinery #SkidSteers #Loaders #Pricing
▬ More Videos ▬
Subscribe to @RitchieBros: https://bit.ly/3hIuLpx
All RitchieBros videos: https://bit.ly/3gaigCx
▬ Social Media ▬
► Facebook: https://bit.ly/2XPebjl
► Twitter: https://bit.ly/3vU4Cwm
► Instagram: https://bit.ly/3pDCXP4
► LinkedIn: https://bit.ly/3GlH7Rs
► Website: https://bit.ly/3El5RY9
The trucking industry continued to see high demand in 2021. Factors such as port congestion, COVID-related reduced workforce capacity, and continued driver shortages hampered the pace of production contributing to the unprecedented price acceleration of used trucks in 2021.
Check out some highlights in this video, then download our FREE February edition for more trends to help guide your used equipment sales strategy: https://bit.ly/3egDa3D
General trend highlights from the February report
U.S. transportation pricing trends:
- Used truck tractors prices increased 65% compared to the same last three months ending in December 2021, according to the Ritchie Bros. mix-adjusted price index
- Used vocational trucks prices increased 44% compared to the same last three months ending in December 2021, according to the Ritchie Bros. mix-adjusted price index
Canadian transportation pricing trends:
- Used truck tractors prices increased 37% compared to the same last three months ending in December 2021, according to the Ritchie Bros. mix-adjusted price index
- Used vocational trucks prices increased 32% compared to the same last three months ending in December 2021, according to the Ritchie Bros. mix-adjusted price index
- Trucks and trailers for sale at Ritchie Bros.
A breakdown of truck & trailer pricing in the U.S. and Canada
United States:
- Truck Tractors T/A – Median Price was 25% higher in 2021 than in the previous year. Even with a decline in volume of 37%, over 11,000 truck tractors were sold in 2021
- Van Trailers – Median price rose 140% in 2021 comparted to 2020
- Pickup Trucks – Median Price was 30% higher in 2021 than in the previous year. Even with a decline in volume of 18%, over 6,000 pickup trucks were sold in 2021
- Lowboy Trailers – Median Price was 24% higher in 2021 than in the previous year
- Heavy Haul Trucks – Median Price was 35% higher in 2021 than in the previous year
Canada:
- Truck Tractors T/A – Median Price was 22% higher in 2021 than in the previous year. Even with a decline in volume of 22%, over 4,000 truck tractors were sold in 2021
- Pickup Trucks – Median Price was 10% higher in 2021 than in the previous year. Even with a decline in volume of 11%, over 3,000 pickup trucks were sold in 2021
- Lowboy Trailers – Median Price was 19% higher in 2021 than in the previous year
- Heavy Haul Trucks – Median Price was 23% higher in 2021 than in the previous year
▬ About Ritchie Bros ▬
#RitchieBros is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets.
Our solutions include: Ritchie Bros. Auctioneers – the world’s largest industrial auctioneer offers live and online auction events; Ritchie List – another trusted solution from industry-leader Ritchie Bros., offers customers a robust platform for conducting private sales. We connect sellers and buyers of used heavy equipment, trucks and other assets and give them the tools, services, data and info to complete their sale safely, securely, and with total confidence. IronPlanet - an online marketplace with featured weekly auctions and providing its exclusive IronClad Assurance® equipment condition certification. Marketplace-E – an online marketplace offering multiple price and timing options. Ritchie Bros. Financial Services – convenient equipment & trucks financing and leasing. Gov Planet – online marketplace and weekly auctions featuring surplus government and U.S. military assets. Kruse energy – live auctions specializing in oilfield and energy-related assets. Salvage Sale – online salvage disposition for the insurance industry. Ritchie Bros. Asset Solutions –a web-based, mobile friendly software tool that empowers you to track assets with real-time market valuations, get inspection and appraisal services, and easily workflow equipment and truck inventory to multiple disposition channels with a simple click. Rouse – data and analytics to drive information-base decision making.
Learn more about buying and selling possibilities with Ritchie Bros. at our website www.rbauction.com. Create a free account, register for an auction and start bidding already today! What is more, that will give you the access to selling prices, you will be able to save your equipment searches, apply for finances and a lot more.
#MarketTrends #EquipmentTrends #HeavyEquipment #TransportationEquipment #EquipmentPrice #ConstructionEquipment #Machinery #SkidSteers #Loaders #Pricing
▬ More Videos ▬
Subscribe to @RitchieBros: https://bit.ly/3hIuLpx
All RitchieBros videos: https://bit.ly/3gaigCx
▬ Social Media ▬
► Facebook: https://bit.ly/2XPebjl
► Twitter: https://bit.ly/3vU4Cwm
► Instagram: https://bit.ly/3pDCXP4
► LinkedIn: https://bit.ly/3GlH7Rs
► Website: https://bit.ly/3El5RY9
