Truck Tractor priced Up 30% Over Year At Ritchie Bros.

July Market Trends report showcases a seller's market with strong returns across all price indexes

0
1370

VANCOUVER, BC – Through the first half of 2021 Ritchie Bros. has driven unprecedented demand through its online auctions and marketplaces and achieved strong prices for its consignors. In fact, truck tractor prices in the United States are up 30% year over, while medium earthmoving and vocational truck prices are each up 25%.

With the July 2021 Market Trends Report, Ritchie Bros. takes a closer look at tandem-axle truck tractor sales (4 to 7-year old models) in Canada and the United States. In the U.S. the company is seeing a particularly hot market for 6-year-old trucks (2015 models) right now, while four-year-old models (2017 models) appear to be in strongest demand in Canada. One of the most popular make/models in both countries is the Freightliner Cascadia. Even though 2014 – 2017 truck models were a year older and had higher usage, the median price for Cascadias was more than 45% higher in the first half of 2021 vs. 2020.

“Online shopping continues to drive an extremely hot transportation market right now, with record high truck prices,” said Doug Olive, Senior Vice President, Ritchie Bros. “But it’s not just transportation. We are seeing pricing strength across the board as this seller’s market continues.” 

Previous articleExtension of Bid Submission for OE Services for 100 MW (AC) Solar PV Project
Next articleLimited Tender for the Procurement of License and Subscription for STAAD.PRO Software at SECI

LEAVE A REPLY

Please enter your comment!
Please enter your name here