Excavator Prices Decline in the U.S., Rise in Canada

Source: Ritchie Bros. Blog Ritchie Bros.’ August Market Trends Report is now available – subscribe & download today! This month’s report focuses on large and small excavator sales in the U.S. and Canada. Let’s start digging through the data. Overall, excavator auction volumes are down year over year, particularly in the United States, as new production is slow, companies are busy, and so is their equipment. In the first half of 2022, we sold approximately 33% fewer large excavators in the U.S. compared to same time period in 2021. Meanwhile, Canadian large excavator volumes have been fairly steady—only declining 5% in 2022 vs. 2021. Mini excavators are a completely different story, with volumes up approximately 4% in the U.S. and down 75% in Canada. READ FULL ARTICLE>>