US Airline Gear Costs Up 29% Based on Ritchie Bros. September Market Development Report : CEG

Mon September 20, 2021 – Nationwide version
Auctioneers Ritchie Bros.

Ritchie Bros. ‘ The September Market Developments report continues to indicate optimistic worth tendencies throughout all of its gear indexes, with aerial gear costs up 29% in america, whereas earthmoving gear costs and medium vehicles grew by 38% and 36% respectively (for the three months ending Aug. 31, 2021).

With the September report, Ritchie Bros. positioned specific emphasis on elevating work platforms and materials dealing with gear gross sales in america and Canada.

Excessive utilization and rental charges, in addition to manufacturing delays from OEMs, have resulted in a pointy decline within the variety of aerial work platforms, scissor lifts and telehandlers bought in 2021. Mix this drop in quantity with unprecedented demand created by Ritchie Bros. yr and also you’re getting report returns for senders, the corporate stated. Prior to now three months, costs for scissor lifts have inflated 15%, whereas aerial work platforms and telehandlers have each elevated 16%.

“Patrons are presently paying a premium for elevating work platforms as a result of provide constraints, report rental charges, excessive demand and the quantity of labor obtainable,” stated Doug Olive, vice chairman senior (pricing), Ritchie Bros.

Doug Rusch, Managing Director of Rouse gross sales, added: “Retail costs for growth and scissor lifts have elevated slowly however steadily this yr, with values ​​6% increased than in January 2021. In the meantime, costs for telehandlers are rising. 9% increased than firstly of the yr as volumes soared, Rouse noticed round 75% extra telehandlers bought in retail channels this yr in comparison with the identical interval in 2019, earlier than the pandemic. ”

The free September report is now obtainable for obtain at: rbassetsolutions.com/market-trends-report.

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