Heavy equipment prices up 4% year over year in Canada
In a year of uncertainty, with a health and economic crisis impacting most of the world, Ritchie Bros. made the shift to 100% online bidding in 2020, showcasing our investment in technology while driving record-breaking demand and strong pricing for equipment and trucks.In fact, our March 2021 Used Equipment Market Trends summary report shows heavy equipment used in the construction sector is up four percent in Canada and five percent in the U.S., compared to the same time period last year. The March 2021 report, which is available for download now highlights equipment categories that performed particularly well last, including excavators, crawler tractors, and multi-terrain loaders.
Used Commercial Assets – Pricing Highlights
Price change (±1.5%) year-over-year for the 3 months ending February 28, 2021
Excavators sales in Canada in 2020 – similar volumes with an uptick in pricing
While we sold a similar number of units between 2020 and 2019, median quarterly pricing for excavators in Canada was stronger in Q2 through Q4 (April – Dec) 2020. Early 2021 highlights include a 2018 John Deere 380G LC hydraulic excavator that sold for CA$315,000; a 2015 Caterpillar 390FL VG hydraulic excavator that sold for CA$277,500; and a 2020 John Deere 210G LC hydraulic excavator that sold for CA$245,000. READ FULL ARTICLE>>