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Used equipment demand strong, supply chain issues contributing

Ritchie Bros highlights 2020 top equipment and truck categories in latest Market Trends summary report

Share this article Share this article Download the free report to learn more about 2020 Ritchie Bros. sales volumes, pricing, and more VANCOUVER, BC, March 9, 2021 /PRNewswire/ - In a year of uncertainty, with a health and economic crisis impacting most of the world, Ritchie Bros. made the shift to 100% online bidding in 2020, showcasing its investment in technology by driving record-breaking demand and strong pricing for equipment and trucks. In fact, Ritchie Bros. latest Market Trends summary report, which is now available for download at rbassetsolutions.com/market-trends-report, shows U.S. truck tractor pricing up 15% year over year, while vocational trucks, lifting and material handling, and heavy equipment are up 10%, 9%, and 5% respectively, compared to same time period last year.    

Ritchie Bros highlights 2020 top equipment and truck categories in latest Market Trends summary report

Ritchie Bros highlights 2020 top equipment and truck categories in latest Market Trends summary report
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Ritchie Bros Fort Worth registers 64% more bidders in 2020

Share this article Share this article The company sold US$348+ million of equipment in Fort Worth this year; its Edmonton site sold US$437+ million in 2020 FORT WORTH, Texas, Dec. 10, 2020 /PRNewswire/ - This week Ritchie Bros. held its final auctions of the year at two of its largest auction sites: Edmonton, AB and Fort Worth, TX. Over three days the Edmonton team sold 5,500+ equipment items for US$41 million (CA$53 million), while Ritchie Bros. Fort Worth team sold US$69+ million of equipment in just two days. Both auctions were conducted 100% online due to COVID-19. Online demand continues to be strong, resulting in record bidder registrations and solid pricing across most equipment categories, said Kari Taylor, President, North America Sales, Ritchie Bros. We would like to thank the thousands of buyers and sellers who have participated in Fort Worth and Edmonton auctions in 2020. A lot has changed, but thanks to our investments in technology, we continue to deliver certa

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