VANCOUVER, BC — With billions of dollars of equipment transacting via multiple sales channels each year, Ritchie Bros. has the data and in-house expertise to provide unmatched insight into industry trends. The company is now sharing this insight via its Market Trends module within its Ritchie Bros. Asset Solutions suite of tools, allowing customers, investors, and analysts to better understand the strength of an asset class through in-depth analysis of Ritchie Bros. transaction history, including market trends, equipment price performance, asset valuation curves and mix-adjusted price indexes.
Each month, Ritchie Bros. publishes a free, high-level, downloadable report of pricing trends, broken out by industry. The June report is now available for download here: ritchiebros.com/market-trends-report. The full Market Trends module is available by paid subscription.
“The rate of decline in used equipment prices shows signs of moderation, though mix-adjusted values continue to be lower than the same time period last year,” said Ken Calhoon, Vice President, Data Analytics, Ritchie Bros. “We are seeing relative price strength across all the geographies Ritchie Bros. operates in as buyers have quickly adopted fully-online purchasing. In particular, we are seeing steady improvement in values in both the United States and Canada with particularly strong buyer participation in North America from Texas, California, Alberta and Mexico, and internationally from Asia and South America.”