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Ritchie Brothers Market Trends Report: Used Equipment & Trucks

Original source: Ritchie Brothers


 Vocational trucks are ubiquitous on job sites all over the world. Dump trucks carry the dirt, mixer trucks prepare the cement, flatbed trucks bring the materials, mechanics trucks help fix the equipment, and pickup trucks bring the workers—they are everywhere. And in 2021 vocational trucks are bringing strong prices in both the auction and retail markets. Ritchie Bros.’ latest U.S. vocational truck

index is currently up 35% year over year (for the three months ending Sep. 30), while our Canadian index is up 23%.

When looking specifically at mixer trucks, mechanics trucks, and flatbed trucks sold in the U.S. you will notice we are often selling older units for more money. As we have seen in both the construction and transportation markets, many companies are holding on to equipment & trucks longer today because of the uncertainty in the supply chain for new assets.

In Q3 2021 alone, the median price for mechanics trucks in the U.S. is up 54% year over year and up 69% in Canada.

... GO TO Used Equipment & Trucks TO READ MORE

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