Rouse Services insights added to August Market Trends Report
Ritchie Bros.’ August Market Trends Report continues to show positive pricing trends across all our equipment indexes, with truck tractor prices up 31% in the U.S., while medium earthmoving and vocational trucks are up 27% and 26% respectively (for the three months ending July 31, 2021).
With this month’s report, we took a closer look at skid steer and multi terrain loader sales in the United States and Canada, with added insights from Rouse Services on the retail market.
“The retail market for used compact-sized earthmoving equipment, including skid steer loaders, has shown impressive strength this year, leading all other categories in price achievement,” said Doug Rusch, Managing Director at Rouse Sales.
“Retail values for compact-sized earthmoving equipment are up 11% since January and are now at the are at the highest level we’ve seen in the last 5+ years, indicating healthy demand and an attractive selling environment.”
Retail values reaching highest level since early 2019
Retail values for used equipment have been rising over the course of the summer, indicating strong demand for used equipment right now. Overall, retail pricing has risen 5% in the last 90 days, and 8% since January. In fact, retail values are rapidly approaching levels not seen since early 2019.
The two following price indexes from Rouse Services outlines the Retail Value Index for Small/Medium Earthmoving and All Construction Equipment. Check it out!
For more information about Rouse and its retail indexes, visit RouseServices.com.
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