Used Equipment & Trucks – North American Edition – Q2 2024
Source: www.rbauction.com
Ritchie Bros. Auction Trends Auction market pricing has continued to decline through the second quarter of 2024 amidst historically heightened secondary market sales volumes and a softened demand outlook. Overall values and sales performance are nearing “pre-pandemic” (2019) levels, with values anywhere from 30-60% below the peak observed in late 2022 and early 2023. Volume is generally flat to up across both the U.S. and Canadian markets which continues to put downward pressure on values. The average age at sale has also come down nearly across the board in the Canadian market, as sellers bring newer vintage equipment to sale. A summary of these market characteristics can be seen in the matrix below.