Ritchie Bros. January Market Trends Report finds that excavator prices were up 15 percent in 2022, and medium earthmoving equipment, vocational trucks, and aerial equipment were all up over 40 percent.
This edition of the report looks closely at earthmoving and aerial equipment sales last year, with charts outlining volumes, median pricing, and more, by asset category.
The company says it sold 3,888 excavators in the U.S. last year at a median price of $57,500, which is up 15 percent year over year for the three months ending December 31, 2021.
The report highlights sales of excavators, dozers, wheel loaders, motor graders, articulated dump trucks, loader backhoes, multiterrain and skid steer loaders, as well as telehandlers, boom lifts, scissor lifts, and forklifts. Download the free report here.
"We attracted a record number of bidders in 2021, resulting in the strongest equipment pricing we have ever seen," said Doug Olive, SVP (Pricing), Ritchie Bros. "Truck tractor pricing over the past three months is up 65 perecent year over year in the United States, while medium earthmoving, vocational trucks, and aerial equipment prices are up 45 percent, 44 percent, and 41 percent respectively. It's a seller's market and consignors around the world are taking advantage by turning their surplus assets into cash."
Doug Rusch, managing director of Rouse Sales, added, "In 2021, retail pricing for earthmoving and aerial equipment reached its highest level in years. Strong pricing coincided with healthy sales volumes, with retail volume down just slightly versus prior year. Auction prices also reached record high levels, increasing more rapidly than the retail market, as is often typical in high-demand environments."
Source: Ritchie Bros.