Lifting and material handling equipment prices up 9% year over year
In a year of uncertainty, with a health and economic crisis impacting most of the world, Ritchie Bros. made the shift to 100% online bidding in 2020, showcasing our investment in technology while driving record-breaking demand and strong pricing for equipment and trucks.
In fact, our March 2021 Used Equipment Market Trends summary report shows equipment used in the lifting and material handling sector is up nine percent in the U.S. and four percent in Canada, compared to the same time period last year. The March 2021 report, which is available for download now highlights equipment categories that performed particularly well last, including forklifts, boom lifts, and telehandlers.
Used Commercial Assets - Pricing Highlights
Price change (±1.5%) year-over-year for the 3 months ending February 28, 2021
|Categories ||USA ||Canada |
Increased ~ 5%
Increased ~ 4%
Lift & Material Handling Equipment
Increased ~ 9%
Increased ~ 4%
Increased ~ 15%
Increased ~ 5%
Increased ~ 10%
Increased ~ 6%
Telescopic forklift sales in 2020 – more volume with stable pricing
We sold approximately 28% more telescopic forklift units in the U.S. in 2020 vs. 2019 and median quarterly pricing has remained stable for five straight quarters.
Early 2021 highlights include an unused 2019 Manitou MRT2550+ Privilege 4x4x4 that sold for €144,000 (US$173,563) in Moerdijk, NLD; a 2017 Xtreme XR1255 4x4x4 that sold for CA$135,000 (US$107,150) in Edmonton, AB; and a 2019 Cat TH408D 8800lb 4x4x4 that sold for US$92,500 in Orlando, FL.
Forklift sales in 2020 – more units & stronger pricing
We saw higher volumes and pricing for forklifts in the United States in 2020 vs. 2019.
Early 2021 highlights include a 2017 Toyota THD2200-24 22,000lb forklift that sold for US$55,000 in Houston, TX; a 2012 Hyster H9.00XM that sold for €41,000 (US$49,417) in Moerdijk, NLD; and a 2018 Manitou TMT55HT 5,500lb that sold for US$39,000 in Orlando, FL.
Boom lift sales in 2020 – more volume & stronger prices
We sold 35% more boom lifts in the United States in 2020 vs. 2019 and quarterly median pricing saw an uptick in Q2 and Q3.
Early 2021 highlights include a 2016 Genie SX150 4x4 that sold for CA$104,000 (US$82,326) in Toronto, ON; a 2019 Skyjack SJ86T 4x4 that sold for US$80,000; and a 2016 JLG 1250AJP that sold for US$65,000 in Houston, TX.
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