With its July Market Trends Report, Ritchie Bros. digs into construction and aerial equipment sales through the first half of 2022. In the United States, Ritchie Bros. mix-adjusted price indexes (for April to June) show prices for used large and medium earthmoving categories are up 15% and 20% year over year respectively, while aerial equipment is up 18%.

Price indexes in Canada show similar trends, with large and medium earthmoving equipment up 14% and 19%, respectively, while aerial is up 10%. Meanwhile, truck tractor prices in the U.S. and Canada continue to lead, with the highest year-over-year price inflation—up 39% in the U.S. and 31% in Canada. As mentioned in the June report, while Ritchie Bros. indexes show pricing above last year's level, across the board they are down by single digit percentages relative to earlier in 2022.

Source: Ritchie Bros. transactional data.

The free July report provides detailed charts outlining U.S. and Canadian sales of excavators, dozers, wheel loaders, articulated dump trucks, motor graders, loader backhoes, multi-terrain loaders, skid steers, telehandlers, boom lifts, scissor lifts and forklifts throughout the first half of 2022. The monthly report also includes data and insights from Rouse Services, who tracks hundreds of auction and retail companies. As of July 1, 2022, Rouse's Retail and Auction Value Indexes are currently +30% and +32% in relation to pricing from January 2016.

"Used equipment sales volumes continue to run behind prior year levels across all sales channels," said Doug Rusch, Managing Director of Rouse Sales. "Retail values for most categories of equipment continued to rise in June, albeit at a slower pace than we've seen in recent months. After rising 18 straight months, auction values have stabilized. In some cases—aerial, telehandlers and medium-sized earthmoving equipment—auction values decreased slightly last month in contrast to record highs experienced in recent months."