Ritchie Bros. March Market Trends Report Digs Deep into Orlando, FL Results
With its March Market Trends Report, Ritchie Bros. takes an in depth look at equipment and truck sales from the company’s recent six-day, US$213+ million auction in Orlando, FL last month.
The March 2022 Report highlights Orlando sales of excavators, dozers, wheel loaders, motor graders, articulated dump trucks, loader backhoes, multi-terrain loaders, boom lifts, and cranes. The free monthly report also includes updated prices indexes from Ritchie Bros. and Rouse Services. To download the report, visit rbassetsolutions.com/market-trends-report.
“We once again set a new bidder record in Orlando — attracting 26,000+ online and onsite bidders, helping us drive strong pricing across nearly every asset category in the six-day premier global auction,” said Doug Olive, Senior Vice President (Pricing), Ritchie Bros. “In particular, we achieved outstanding returns for articulated dump trucks, multi-terrain loaders, boom lifts, and truck tractors. For the past three months, truck tractor pricing has led the way — up 63 percent in the United States — while vocational truck and medium earthmoving prices are up 45% and 42% respectively.”
Doug Rusch, Managing Director of Rouse Sales, added, “Tight supply conditions and strong end-user demand continue to drive increasing used equipment values. Retail values rose 2% in February and have increased 22% over the past 15 months. Auction values also continue to rise — up 5% in February, which is the largest one month increase we’ve seen during the pandemic — driven primarily by strong pricing at the recent Ritchie Bros. Orlando event.”
