According to the September market trends report from Ritchie Bros., prices for used heavy equipment, truck tractors, vocational trucks and lifting/material handling all declined in the U.S., while three of the four categories declined in Canada.
“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,” Ken Calhoon, vice president of data analytics for Ritchie Bros., said. “With farm crop harvest on the horizon, we provide additional insights into the Canadian combine market this month. Over the past year and half, we have sold more than 600 combines for $85 million.”
“Used equipment experts, sellers, and buyers look to Ritchie Bros. transaction data as the industry gold standard,” Calhoon said. “While others may try to scrape and repackage our data, only we have the full dataset, the understanding and the ability to derive deep insights. Our team of data analysts and data scientists use machine learning and data visualization to create one of the best used equipment data products on the market.”
The market trends application is an independent part of the suite of services within Ritchie Bros. Asset Solutions, which is an asset management and disposition system.
