Ritchie Bros.’ Market Developments report reveals slowly climbing costs

“As of this month, value ranges throughout most classes within the US and Canada are at, or barely above, 2019 trailing three-month ranges,” mentioned Ken Calhoon, Vice President, Information Analytics, Ritchie Bros. “For the October report, we have added a particular function on the big variety of winch vehicles offered in 2020—up 21% within the first half of the 12 months in comparison with 2019. As a part of this spotlight, we have included an asset depreciation curve for the Kenworth T800 mannequin winch truck. These depreciation curves are a superb instrument to assist consignors higher perceive the optimum time to promote, based mostly on the age and utilization of the unit.”

“Used tools specialists, sellers, and consumers look to Ritchie Bros. transaction knowledge because the business gold normal,” continued Mr. Calhoon “Whereas others could attempt to scrape and repackage our knowledge, solely we have now the total dataset, the understanding, and the flexibility to derive deep insights. Our crew of information analysts and knowledge scientists use machine studying and knowledge visualization to create among the finest used tools knowledge merchandise in the marketplace.”

The Market Developments utility is an impartial a part of the suite of providers inside Ritchie Bros. Asset Options which is a whole end-to-end asset administration and disposition system. This cloud-based SaaS resolution brings collectively a collection of instruments and providers to assist clients higher handle, analyze, and promote their property. From any internet-enabled gadget, clients are in a position to entry a whole stock administration system, knowledge analytics and dashboards, branded e-commerce websites, and a number of exterior gross sales channels.

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