Excavators take centre stage in Ritchie Bros.’ newest Market Tendencies abstract report

“In a 12 months of volatility, excavator pricing has remained comparatively steady,” stated Doug Olive, Senior Vice President, Pricing, for Ritchie Bros. “The excavator’s cross-industry purposes assist mitigate large worth fluctuations. We additionally imagine that the uptick in housing begins all through america has had a optimistic affect on excavator pricing in 2020.”

Within the final three years, Ritchie Bros. has bought greater than 15,000 excavators in america alone, for greater than $850 million. The highest promoting manufacturers by quantity are Caterpillar, Komatsu, and John Deere, with the highest fashions bought all being Caterpillar: 336EL, 320EL and 320CL. On common, roughly 27 p.c of all excavators bought in america throughout this timeframe had been bought to native state consumers, whereas 57 p.c was bought to out of state U.S. consumers, and 16 p.c bought to worldwide consumers.

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