Crane and Hoist Canada

Features Education
Latest market trends summary covers Canadian lifting sales


September 14, 2020
By Crane & Hoist

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Photo courtesy of Mike Biden

Vancouver – Ritchie Bros. shared industry insights via its Market Trends module within its Asset Solutions suite of tools, allowing customers, investors, and analysts to better understand the strength of an asset class.

Each month, Ritchie Bros. publishes a free, high-level, downloadable report of these pricing trends, broken out by industry. The September report is now available for download here.

“While most product groups continue to show prices somewhat lower this year versus last, all groups in this month’s report show moderating deflation or price parity,” said Ken Calhoon, vice president, data analytics, Ritchie Bros.

 

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 September 2020 Market Trends Summary Highlights

 Equipment Category

USA

Canada

 Used heavy equipment Prices declined ~1% (± 1.5%) year over year Prices declined ~1% (± 1.5%) year over year
 Truck tractors Prices declined ~4% (± 1.5%) year over year Prices declined ~2% (± 1.5%) year over year
 Vocational trucks Prices declined ~2% (± 1.5%) year over year Prices steady (± 1.5%) year over year
 Lifting/material handling Prices declined ~3% (± 1.5%) year over year Prices steady (± 1.5%) year over year

 

The full Market Trends module is available by paid subscription.