Ritchie Bros. Digs into 2022 Construction & Aerial Equipment Pricing with July Market Trends Report
Latest indexes show large & medium earthmoving in the U.S. is up 15% & 20% YOY; aerial up 18%
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.