Loader backhoe prices up 15% in the U.S. according to Ritchie Bros. December Market Trends Report

2021-12-27 23:08:52 By : Mr. jia zhong

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All indexes showing year over year inflation, including truck tractor pricing up 55% in the U.S.

VANCOUVER, BC , Dec. 20, 2021 /PRNewswire/ - Ritchie Bros.' December Market Trends Report continues to show positive pricing trends across all its equipment indexes, with truck tractor prices up 55% in the United States , while medium earthmoving equipment and vocational trucks are up 43% and 41% respectively (for the three months ending November 30 , 2021).   

With this month's report, Ritchie Bros . has included a special focus on loader backhoe sales in the United States and Canada . According to Ritchie Bros .' Market Trends tool, median backhoe pricing is up approximately 15% in the United States . The free December report is available for download at: rbassetsolutions.com/market-trends-report.

"Loader backhoe volumes have declined while demand has strengthened, resulting in strong pricing for the incredibly versatile machine," said Doug Olive , Senior Vice President (Pricing), Ritchie Bros . "In 2016 we sold close to 3,000 backhoes in the United States . Through 11 months in 2021 we've only sold 1,815, but the median price has increased 15%."

Doug Rusch , Managing Director of Rouse Sales, added, "Retail values continue to climb, having increased more than 16% since the beginning of 2021, reflecting a strong pricing environment for sellers. Transaction volumes in the retail space are also healthy and auction values have increased 3.2% in November. All signs point to strong end-market demand for machines right now."

Used Commercial Assets - Pricing Highlights Price change (±1.5%) year-over-year for the 3 months ending November 30, 2021

  Source: Ritchie Bros . transactional data

Ritchie Bros .' Market Trends application is an independent part of Ritchie Bros . Asset Solutions (rbassetsolutions.com), a cloud-based asset management and disposition system with a suite of tools and services to help customers better manage, analyze, and sell their assets. For more information about Market Trends, please email [email protected] .

Established in 1958, Ritchie Bros . (NYSE and TSX: RBA) 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. Operating in a number of sectors, including construction, transportation, agriculture, energy, mining, and forestry, the company's selling channels include: Ritchie Bros . Auctioneers, the world's largest industrial auctioneer offering live auction events with online bidding; IronPlanet, an online marketplace with weekly featured auctions and providing the exclusive IronClad Assurance® equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; Ritchie List , a self-serve listing service for North America ; Mascus, a leading European online equipment listing service; Ritchie Bros . Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Kruse Energy. The Company's suite of solutions also includes Ritchie Bros . Asset Solutions and Rouse Services LLC, which together provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both OEMs and dealers; plus equipment financing and leasing through Ritchie Bros . Financial Services. For more information about Ritchie Bros ., visit RitchieBros.com.

Photos and video for embedding in media stories are available at rbauction.com/media. 

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