ritchie bros. used equipment market trends summary

May 2020

Ritchie Bros. Used Equipment Market Trends Summary

(North America Edition)

April 2021

Ritchie Bros. Used Equipment Market Trends Summary (North America Edition) | April 2021

Copyright© 2021 Ritchie Bros. All rights reserved. Any redistribution or reproduction in whole or in part or in any form is strictly prohibited.

Summary ..................................................................................................................................1

Sales in the U.S. and Canada - RB NOW! (Last 30 Days) as of March 31

▸ Excavator .......................................................................................................... 2 ▸ Crawler Tractor ................................................................................................... 3 ▸ Articulated Dump Truck ....................................................................................... 4 ▸ Skid Steer Loader ............................................................................................... 5 ▸ Multi Terrain Loader ............................................................................................ 6 ▸ Mini Excavator ................................................................................................... 7 ▸ Truck Tractor (T/A) ............................................................................................. 8 ▸ Truck Tractor (Tri/A) ............................................................................................ 9 ▸ Van Truck ..........................................................................................................10 ▸ Telescopic Forklift ..............................................................................................11 ▸ Boom Lift ............................................................ .............................................12 ▸ Forklift ............................................................ ................................................. 13

Ritchie Bros. Mix Adjusted Used Price indexes .................................................................................14

Price Indexes Summary........................ ........................................................................................ 15

▸ Truck Tractors – U.S. ...........................................................................................15 ▸ Vocational Trucks & Aerial Equipment – U.S. .......................... ................................. 16 ▸ Large Earthmoving & Medium Earthmoving – U.S. .................................................... 17 ▸ Truck Tractors & Vocational Trucks – Canada ..........................................................18 ▸ Large Earthmoving & Medium Earthmoving – Canada ...............................................19 ▸ Aerial Equipment – Canada ..................................................................................20

Ritchie Bros. Snapshot of Demand .......................................................................................... .................... 21

Seller & Buyer Maps ............................ ......................................................................................... 22

About Ritchie Bros. ..................................................................................................................... 23

Table of contents

This research includes summary information taken from Ritchie Bros. Market Trends, a premium data product that allows users like you to access 10 years of Ritchie Bros. transaction level data providing:

▸ Real time insights - See results from our most recent auctions ▸ Equipment flows - Draw insights into asset flows across state and national boundaries▸ Make-model details - Determine residual pricing of assets at make-model level of detail for auction ▸ Like-for-like comparisons - Compare residual value for like-for-like assets

Subscribe to Ritchie Bros. Market Trends and access this data and more in-depth detail by country, date range, asset category, brand, model, as well as median asset age, usage and other key data points.

About this Research

All data and charts are from Ritchie Bros. Market Trends. To learn more about Market Trends, visit rbassetsolutions.com

http://rbassetsolutions.com

1 Ritchie Bros. Used Equipment Market Trends Summary (North America Edition) | April 2021


Summary

With the April edition of the Ritchie Bros. Used Equipment Market Trends summary report, we look back at key equipment category sales in the United States and Canada from March 2021 using the RB Now! functionality in the RB Market Trends tool, which provides a snapshot of Ritchie Bros. transactions over the last 30 days. We have also included new, updated price indexes in this edition.

We are now more than a year into the COVID-19 pandemic, with vaccines and stimulus relief on the way. Online shopping has hit new heights, positively impacting the transportation industry. Working from home has resulted in home renovations and an exodus to the suburbs, directly impacting the construction sector. We can see these impacts directly in our Market Trends tool and the price indexes for each industry in this report.

March was a big month, with unprecedented demand resulting in strong pricing across nearly all equipment categories. Ritchie Bros. held a number of large events last month, including three U.S. regional auctions that sold approximately 15,000 equipment items from 13 different locations. By combining these smaller local auctions into larger online regional events, we have seen demand skyrocket. These three online regional events in the Rocky Mountain, Northeast, and Midwest regions attracted more than 11,000 online bidders each.

Meanwhile in Canada, we held our largest Ontario auction ever in March 2021, selling 4,300+ items for CA$49+ million (US$39+ million). This hybrid live/online auction in Toronto attracted a site record 10,000+ online bidders.

The following week, on March 17 – 18, we held our largest Texas auction ever. The US$95+ million auction also set a new demand record, attracting 16,000+ bidders from 79 countries.

We also continue to see strong demand and pricing for all our online events through IronPlanet, GovPlanet, and Marketplace-E, selling more than 17,000 items in March.

Overall, we sold more equipment in the United States than Canada in March, resulting in some of the volume discrepancies between the countries in the charts below. For more information like this, sign up for Ritchie Bros. Market Trends tool, which is now being updated daily with auction data.

As showcased in our new indexes, we continue to see positive pricing trends for earthmoving, transportation, and aerial equipment in March. Specifically, we saw a big year over year uptick in median pricing for excavators, dozers, articulated dump trucks, skid steers, truck tractors, and boom lifts last month.

Doug Olive,SVP, Pricing

CategoriesLarge Earthmoving p Increased ~ 5% p Increased ~ 2%Medium Earthmoving p Increased ~ 15% p Increased ~ 5%Aerial p Increased ~ 13% p Increased ~ 2%Truck Tractors p Increased ~ 20% p Increased ~ 9%Vocational Trucks p Increased ~ 16% p Increased ~ 2%

Price change (±1.5%) year-over-year for the 3 months ending March 31, 2021

Used Commercial Assets - Pricing Highlights

USA Canada

In this month's report:

▸ New, updated price indexes

▸ Market Trends data updated daily

NEW



Excavator sales in the U.S. and Canada: RB NOW! (Last 30 Days) as of March 31

U.S. Canada

$57,500

▸ Caterpillar ▸ Komatsu ▸ John Deere

▸ John Deere 135G ▸ Caterpillar 349FL ▸ Caterpillar 336FL

▸ Texas ▸ California ▸ Mexico

▸ Texas ▸ Colorado ▸ Maryland

Median Price in USD

Top Selling Brands by Volume

Top Selling Models by Volume

Buyer Locations

Top Asset Selling Locations

$45,220 (CAD$57,500)

▸ John Deere ▸ Caterpillar ▸ Komatsu

▸ John Deere 290G▸ John Deere 350G▸ John Deere 270D

▸ Ontario ▸ Quebec ▸ British Columbia

▸ Quebec ▸ British Columbia ▸ Ontario

March 2021 sales vs. prior year and Q4 2020

56,306

39,614

45,220

50,000

42,000

57,500

0 10,000 20,000 30,000 40,000 50,000 60,000 70,000

Q4 2020

Mar 2020

Mar 2021

Excavator Median Pricing (USD)

U.S. Canada



Crawler Tractor sales in the U.S. and Canada: RB NOW! (Last 30 Days) as of March 31

U.S. Canada

$55,000

▸ Caterpillar ▸ John Deere ▸ Komatsu

▸ Caterpillar D6T ▸ Caterpillar D6N ▸ Komatsu D275

▸ Texas ▸ California ▸ Oregon

▸ Texas ▸ Maryland ▸ Washington

Median Price in USD



Buyer Locations


$32,258 (CAD$40,000)

▸ Caterpillar ▸ John Deere ▸ Case

▸ Caterpillar D3C▸ Caterpillar D6T▸ Caterpillar D6N


▸ Ontario ▸ Quebec ▸ Alberta, British Columbia

33,635

58,630

32,258

45,000

51,000

55,000

0 10,000 20,000 30,000 40,000 50,000 60,000 70,000

Q4 2020

Mar 2020

Mar 2021

Crawler Tractor Median Pricing (USD)

U.S. Canada




Articulated Dump Truck sales in the U.S. and Canada: RB NOW! (Last 30 Days) as of March 31

U.S. Canada

$57,500

▸ Volvo ▸ Caterpillar ▸ Terex

▸ Volvo A35E ▸ Volo A35C ▸ Terex TA300

▸ Washington ▸ Oregon ▸ Texas

▸ Washington ▸ Texas ▸ California

Median Price in USD



Buyer Locations


$56,724 (CAD$75,000)

▸ Terex ▸ John Deere ▸ Caterpillar

▸ Caterpillar 740▸ Caterpillar 740B▸ John Deere 400D

▸ Ontario ▸ British Columbia ▸ Quebec

▸ British Columbia ▸ Quebec ▸ Ontario


55,638

60,543

60,300

56,250

37,000

57,500

0 10,000 20,000 30,000 40,000 50,000 60,000 70,000

Q4 2020

Mar 2020

Mar 2021

Articulated Dump Truck Median Pricing (USD)

U.S. Canada



Skid Steer Loader sales in the U.S. and Canada: RB NOW! (Last 30 Days) as of March 31

U.S. Canada

$16,000

▸ Bobcat ▸ Caterpillar ▸ New Holland

▸ Bobcat S530 ▸ Bobcat S510 ▸ Caterpillar 272D2

▸ California ▸ Colorado ▸ Pennsylvania

▸ Texas ▸ Maryland ▸ Colorado

Median Price in USD



Buyer Locations


$15,842 (CAD$20,500)

▸ Bobcat ▸ Caterpillar ▸ Case

▸ Caterpillar 262D▸ Case SV250▸ Bobcat S650

▸ Ontario ▸ British Columbia ▸ Quebec

▸ Ontario ▸ Quebec ▸ Alberta


14,778

8,387

15,842

15,000

11,000

16,000

0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000

Q4 2020

Mar 2020

Mar 2021

Skid Steer Loader Median Pricing (USD)

U.S. Canada



Multi Terrain Loader sales in the U.S. and Canada: RB NOW! (Last 30 Days) as of March 31

U.S. Canada

$22,500

▸ Caterpillar ▸ Bobcat ▸ Takeuchi

▸ Bobcat T590 ▸ Caterpillar 289D ▸ Caterpillar 259D

▸ Pennsylvania ▸ California ▸ Colorado

▸ Texas ▸ Maryland ▸ Colorado

Median Price in USD



Buyer Locations


$24,516 (CAD$31,000)

▸ Caterpillar ▸ Bobcat ▸ Kubota

▸ Caterpillar 259D▸ Bobcat T770 ▸ Bobcat T650

▸ Ontario ▸ Alberta ▸ British Columbia

▸ Ontario ▸ British Columbia ▸ Alberta


22,628

21,302

24,516

22,500

21,000

22,500

19,000 20,000 21,000 22,000 23,000 24,000 25,000

Q4 2020

Mar 2020

Mar 2021

Multi Terrain Loader Median Pricing (USD)

U.S. Canada



Mini Excavator sales in the U.S. and Canada: RB NOW! (Last 30 Days) as of March 31

U.S. Canada

$19,000

▸ Bobcat ▸ John Deere ▸ Kubota

▸ John Deere 27D ▸ John Deere 75G ▸ John Deere 50G

▸ California ▸ Washington ▸ Georgia

▸ Texas ▸ Maryland ▸ Georgia

Median Price in USD



Buyer Locations


$16,858 (CAD$21,500)

▸ Kubota ▸ Komatsu ▸ John Deere

▸ Kubota KX1213ST▸ Cael R325BLT▸ Cael R325




11,706

13,828

16,858

17,500

16,500

19,000

0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000

Q4 2020

Mar 2020

Mar 2021

Mini Excavator Median Pricing (USD)

U.S. Canada



Truck Tractor (T/A) sales in the U.S. and Canada: RB NOW! (Last 30 Days) as of March 31

$22,500

▸ Peterbilt ▸ Freightliner ▸ Volvo

▸ Freightliner Cascadia ▸ International ProStar ▸ Volvo VNL

▸ California ▸ Washington ▸ Texas


Median Price in USD



Buyer Locations


$15,073 (CAD$18,500)

▸ Volvo ▸ Peterbilt ▸ International

▸ Freightliner Cascadia▸ Volvo VNL▸ International ProStar




15,261

12,706

15,073

18,500

16,000

22,500

0 5,000 10,000 15,000 20,000 25,000

Q4 2020

Mar 2020

Mar 2021

Truck Tractor T/A Median Pricing (USD)

U.S. Canada

U.S. Canada



Truck Tractor (Tri/A) sales in the U.S. and Canada: RB NOW! (Last 30 Days) as of March 31


U.S. Canada

$29,500

▸ Kenworth ▸ Peterbilt ▸ Mack

▸ Kenworth T800 ▸ Peterbilt 389 ▸ Peterbilt 388

▸ Montana ▸ Illinois ▸ Texas

▸ Colorado ▸ Washington ▸ Texas

Median Price in USD



Buyer Locations


$33,633 (CAD$42,500)

▸ Kenworth ▸ Peterbilt ▸ Freightliner

▸ Kenworth T800▸ Kenworth W900 ▸ Kenworth T880

▸ Alberta ▸ Ontario ▸ Quebec

▸ Alberta ▸ Ontario ▸ Quebec

42,444

40,918

33,633

25,000

30,000

29,500

0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000

Q4 2020

Mar 2020

Mar 2021

Truck Tractor Tri/A Median Pricing (USD)

U.S. Canada



Van Truck sales in the U.S. and Canada: RB NOW! (Last 30 Days) as of March 31


U.S. Canada

$9,600

▸ International ▸ Freightliner ▸ Hino

▸ International 4300 ▸ Freightliner M2106 ▸ Freightliner M2

▸ Texas ▸ California ▸ Florida

▸ Texas ▸ California ▸ Maryland

Median Price in USD



Buyer Locations


$5,305 (CAD$6,500)

▸ Ford ▸ International ▸ GMC

▸ International 4300▸ Ford E450▸ GMC C7500



4,232

4,695

5,305

8,000

7,000

9,600

0 2,000 4,000 6,000 8,000 10,000 12,000

Q4 2020

Mar 2020

Mar 2021

Van Truck Median Pricing (USD)

U.S. Canada



Telescopic Forklift sales in the U.S. and Canada: RB NOW! (Last 30 Days) as of March 31

27,025

31,392

36,833

27,000

26,000

29,000

0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000

Q4 2020

Mar 2020

Mar 2021

Telescopic Forklift Median Pricing (USD)

U.S. Canada


U.S. Canada

$29,000

▸ Skytrak ▸ JLG ▸ JCB

▸ Skytrak 8042 ▸ Skytrak 6042 ▸ Skytrak 10054

▸ Texas ▸ Georgia ▸ Pennsylvania


Median Price in USD



Buyer Locations


$36,833 (CAD$47,000)

▸ Genie ▸ Caterpillar ▸ Skytrak

▸ JLG G943A▸ Genie GTH5519▸ Genie GTH1056





Boom Lift sales in the U.S. and Canada: RB NOW! (Last 30 Days) as of March 31

14,033

11,212

14,235

10,000

7,250

13,500

0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000

Q4 2020

Mar 2020

Mar 2021

Boom Lift Median Pricing (USD)

U.S. Canada


U.S. Canada

$13,500

▸ JLG ▸ Genie ▸ Skyjack

▸ JLG 600AJ ▸ JLG E300AJP ▸ JLG 800 AJ

▸ Texas ▸ Pennsylvania ▸ Maryland

▸ Maryland ▸ Texas ▸ Georgia

Median Price in USD



Buyer Locations


$14,235 (CAD$18,000)

▸ Genie ▸ JLG ▸ Skyjack

▸ JLG 600AJ▸ Genie Z6034▸ Genie Z4525





Forklift sales in the U.S. and Canada: RB NOW! (Last 30 Days) as of March 31

4,795

3,282

4,943

6,556

5,200

7,000

0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000

Q4 2020

Mar 2020

Mar 2021

Forklift Median Pricing (USD)

U.S. Canada


U.S. Canada

$7,000

▸ Toyota ▸ Mitsubishi ▸ Komatsu

▸ Toyota 8FGU25 ▸ Mitsubishi FG25N ▸ Komatsu FG25T16

▸ Texas ▸ Pennsylvania ▸ California


Median Price in USD



Buyer Locations


$4,943 (CAD$6,125)

▸ Toyota ▸ Hyster ▸ Caterpillar

▸ Toyota 7FGU25▸ Toyota 8FGU30▸ Caterpillar P5000





Ritchie Bros. Mix Adjusted Used Price Indexes

Ritchie Bros. uses a machine learning-based method to calculate a used price index:

To isolate and measure the change in supply / demand dynamics on prices over time, we use various machine learning techniques to correct for equipment mix such as make, model, age, as well as 100+ features.

Indexes are validated by correlating with key industry metrics:

We validate our used pricing indexes by correlating them against well-followed industry metrics such as sales or or-ders. In this example, the U.S. Ritchie Bros. Heavy Duty Truck price index is plotted vs the U.S. Heavy Duty Truck Sales index. The correlation between the two is clear, with the price index leading the sales index.

▸ 1.8 million transactions

▸ Data from 2005 onwards

▸ Adjusting for 100+ features

▸ Includes data from the U.S. and Canada

Sources: Ritchie Bros. Mix-Adjusted Price Index; Heavy Weight Truck Sales U.S. Bureau of Economic Analysis

-60%

-40%

-20%

0%

20%

40%

60%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Trai

ling

3 m

onth

YoY

Cha

nge

in H

eavy

Dut

y Tr

uck

Sale

s

Trai

ling

3 m

onth

YoY

cha

nge

in R

B U

sed

Pric

e In

dex

RB Used Price Index Heavy Duty Truck Sales



Price Indexes Summary

Truck Tractors – U.S.

Truck tractors (S/A, T/A, Tri/A)

Prices show strengthening for used truck tractors

In our estimation, for the 3 months ending March, prices for used truck tractors increased 20% (± 1.5%) compared to the same time frame last year

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Trai

ling

3 m

onth

YoY

cha

nge

One year ago, we unveiled our mix adjusted price indexes as part of this monthly report. It was good timing and a good test; no one knew what would happen with used equipment pricing through the pandemic. On the ground, there was a clear sense prices were strengthening. With the Ritchie Bros. price indexes, we were able to adjust for asset mix and quantify and visualize the year-on-year price inflation. We’ve been very pleased the way equipment sellers, buyers, OEMs, and financial institutions have adopted the indexes and have validated their market insights.

At the one-year anniversary, we’ve taken the opportunity to simplify and add some new indexes. Overall we have made the category composition of the indexes simpler and clearer. We have also split Earthmoving into Medium and Large, and replaced Lifting and Material Handling with a more narrowly defined Aerial index. The indexes have been restated historically and you will see the shape of the trends is very similar to what you’ve seen in previous months.



Vocational Trucks & Aerial Equipment – U.S.

Prices show strengthening for used vocational trucks

In our estimation, for the 3 months ending March, prices for used vocational trucks increased 16% (± 1.5%) compared to the same time frame last year

Flatbed Trucks, Dump Trucks (S/A, T/A, Tri/A, Quad/A), Mixer Trucks (S/A, T/A, Tri/A, Quad/A), Van & Reefer Trucks, Mechanics Trucks, Utility Trucks

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Trai

ling

3 m

onth

YoY

cha

nge

Scissor Lifts, Boom Lifts, Telehandlers

Prices show strengthening for used aerial equipment

In our estimation, for the 3 months ending March, prices for used aerial equipment increased 13% (± 1.5%) compared to the same time frame last year

-30%

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Trai

ling

3 m

onth

YoY

cha

nge



Large Earthmoving & Medium Earthmoving – U.S.

Prices show strengthening for used large earthmoving equipment

In our estimation, for the 3 months ending March, prices for used large earthmoving equipment increased 5% (± 1.5%) compared to the same time frame last year

Excavators, Dozers, Wheel Loaders, Backhoe Loaders, Articulated Dump Trucks, Motor Graders, Scrapers, Wheel Exca-vators, Wheel Dozers, Track Loaders, Soil Compactors

Skid Steer Loaders, Compact Track Loaders, Micro Excavators, Mini Excavators, Midi Excavators

Prices show strengthening for used medium earthmoving equipment

In our estimation, for the 3 months ending March, prices for used medium earthmoving equipment increased 15% (± 1.5%) compared to the same time frame last year

-40%

-30%

-20%

-10%

0%

10%

20%

30%

40%

Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Trai

ling

3 m

onth

YoY

cha

nge

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Trai

ling

3 m

onth

YoY

cha

nge



Truck Tractors & Vocational Trucks – Canada

Prices show strengthening for used truck tractors

In our estimation, for the 3 months ending March, prices for used truck tractors increased 9% (± 1.5%) compared to the same time frame last year

Truck tractors (S/A, T/A, Tri/A)

Flatbed Trucks, Dump Trucks (S/A, T/A, Tri/A, Quad/A), Mixer Trucks (S/A, T/A, Tri/A, Quad/A), Van & Reefer Trucks, Mechanics Trucks, Utility Trucks

Prices show strengthening for used vocational trucks

In our estimation, for the 3 months ending March, prices for used vocational trucks increased 2% (± 1.5%) compared to the same time frame last year

-10%

-5%

0%

5%

10%

15%

Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Trai

ling

3 m

onth

YoY

cha

nge

-8%

-6%

-4%

-2%

0%

2%

4%

6%

8%

10%

Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Trai

ling

3 m

onth

YoY

cha

nge



Large Earthmoving & Medium Earthmoving – Canada

Prices show strengthening for used large earthmoving equipment

In our estimation, for the 3 months ending March, prices for used large earthmoving equipment increased 2% (± 1.5%) compared to the same time frame last year

Excavators, Dozers, Wheel Loaders, Backhoe Loaders, Articulated Dump Trucks, Motor Graders, Scrapers, Wheel Excavators, Wheel Dozers, Track Loaders, Soil Compactors

Skid Steer Loaders, Compact Track Loaders, Micro Excavators, Mini Excavators, Midi Excavators

Prices show strengthening for used medium earthmoving equipment

In our estimation, for the 3 months ending March, prices for used medium earthmoving equipment increased 5% (± 1.5%) compared to the same time frame last year

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Trai

ling

3 m

onth

YoY

cha

nge

-20%

-15%

-10%

-5%

0%

5%

10%

15%

Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Trai

ling

3 m

onth

YoY

cha

nge



Aerial Equipment – Canada

Prices show strengthening for used aerial equipment

In our estimation, for the 3 months ending March, prices for used aerial equipment increased 2% (± 1.5%) compared to the same time frame last year

Scissor Lifts, Boom Lifts, Telehandlers

-15%

-10%

-5%

0%

5%

10%

15%

Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct Jan

Apr

Jul

Oct

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Trai

ling

3 m

onth

YoY

cha

nge

Other indexes available in Ritchie Bros. Market Trends:

▸ Agriculture

▸ Agricultural tractors

▸ Articulated dump trucks

▸ Composite

▸ Dozers

▸ Excavators

▸ Forklifts

▸ Loaders

▸ Skid Steers



In 2021, Ritchie Bros. has seen record online demand for equipment. The brief snapshot below highlights the top equipment searches across Ritchie Bros. Auctioneers, Ritchie Bros. Asset Valuator pricing tool, and RitchieSpecs, as well as finance approvals from Ritchie Bros. Financial Services.

As you can see, truck tractors continue to be very popular, as are excavators, wheel loaders, dozers, and pickup trucks. Top movers on the lists were mini excavators, moving up 6 spots on rbauction (current inventory searches), and boom lifts, moving up 4 rungs on RB Asset Valuator (pricing searches).

Ritchie Bros. Snapshot of Demand Top 6 Asset Categories

Ritchie Bros. AuctioneersCurrent inventory searches (past 4 weeks)Scope: rbauction, global

Ritchie Bros. Asset Valuator (Beta)

Pricing results searches (March 2021)Scope: Ritchie Bros Auctioneers, IronPlanet, Marketplace-E; global

RitchieSpecsPage views of category landing pages (March 2021)Scope: RitchieSpecs, global

Ritchie Bros. Financial ServicesFinance pre-approvals (April 5 2021) Scope: Primarily U.S. & Canada

Ritchie Bros. AuctioneersUnique watchlisters (March 2021)Scope: rbauction, U.S.

1. ▸ Truck tractors (T/A)2. ▸ Hydraulic excavators3. ▴+6 Mini excavators4. ▴+2 Pickups 5. ▸ Wheel loaders6. ▾-2 MFWD tractors

1. ▸ Hydraulic excavators2. ▸ Wheel loaders3. ▴+8 Boom lifts4. ▸ Truck tractors5. ▾-2 Dozer6. ▾-1 Multi terrain loaders

1. ▸ Wheel loaders2. ▸ Dozers3. ▴+2 Mini excavators4. ▾-1 Skid steer loaders5. ▴+1 Skidders6. ▴+2 Forklifts

1. ▸ Truck tractors2. ▸ Hydraulic excavators3. ▸ Dump trucks4. ▸ Skid steer loaders5. ▴+1 Tractors6. ▴+1 Loaders

1. ▸ Truck tractors2. ▸ Pickups3. ▸ Equipment trailers4. ▸ Flatbed trucks5. ▸ Multi-terrain loaders6. ▴+1 Van trucks

▴ moved up from previous month▾ moved down▸ remained the same

http://www.rbauction.com

http://www.rbassetsolutions.com/asset-valuator

http://www.ritchiespecs.com

http://www.rbauction.com/financial-services

http://www.rbauction.com



Seller & buyer maps for the 3 months ending March 31, 2021i

Top 5 buying Countriesii:

▸ Mexico

▸ United Kingdom

▸ Peru

▸ China

▸ Netherlands

Seller Map – North America

Buyer Map - North America

Buyer Map - World Wide

iBased on value of transactions (USD) iiOutside United States and Canada

Top 5 buying regions:

▸ Texas, USA

▸ California, USA

▸ Florida, USA

▸ Ontario, Canada

▸ Alberta, Canada

Top 5 selling regions:

▸ Texas, USA

▸ Florida, USA

▸ South Carolina, USA

▸ Tennessee, USA

▸ California, U.S.



About Ritchie Bros.

Unreserved live auctions

▸ 40 auction sites globally with secured storage & buyer inspection

▸ 350+ live unreserved auctions a year

▸ Certainty of sale

Online classified ad service

▸ Fastest growing online equipment listing service with over 400,000 listings

Inventory, data insights & disposition platform

▸ Inventory management system

▸ Market trends and pricing tools

▸ Maximize value of equipment through choice of disposition

Weekly online auctions

▸ Regular weekly auctions

▸ Convenience of selling where it sits

▸ Buyer confidence from IronClad Assurance® equipment condition certification

Reserved online marketplace

▸ Control over your selling price & timing of sale

▸ Convenience of selling where it sits

▸ Buyer confidence from IronClad Assurance® equipment condition certification

Ritchie Bros. connects equipment buyers and sellers through a global network of auction facilities and online sales channels. Ritchie Bros. Auctioneers and IronPlanet bring you multi-channel, trusted solutions that are transparent, fair and convenient.

Data intelligence & performance benchmarking solutions

▸ Rental analytics

▸ Equipment sales support

▸ Fleet appraisals

http://rbauction.com

http://ironplanet.com

http://mascus.com

http://ironplanet.com/marketplace-e

http://rbassetsolutions.com

For more information contact:[email protected]

Subscribe for free: ritchiebros.com/market-trends-report

mailto:dataproducts%40ritchiebros.com?subject=

http://rbassetsolutions.com/market-trends-report

ritchie bros. used equipment market trends summary

Documents