US Airline Gear Costs Up 29% Based on Ritchie Bros. September Market Pattern Report

This month’s report features a particular characteristic on Lifts, Scissor Lifts and Telescopic Forklifts

VANCOUVER, BC, September 20, 2021 / PRNewswire / – The Ritchie Brothers. ‘ The September Market Tendencies Report continues to indicate constructive worth traits throughout all of its tools indexes, with airline tools costs up 29% in United States, whereas medium earthmoving tractors and tractor vehicles are up 38% and 36% respectively (for the three months ending August 31, 2021).

With this month’s report, Ritchie bros. included a specific deal with elevating work platforms and materials dealing with tools gross sales in United States and Canada. Excessive utilization and rental charges, in addition to manufacturing delays from OEMs, have led to a pointy decline within the variety of aerial work platforms, scissor lifts and telehandlers offered in 2021. Mix this drop in quantity with the rise in quantity. unprecedented demand Ritchie bros. creates this 12 months and also you get file returns for shippers. Up to now three months, costs for scissor lifts have inflated 15%, whereas aerial work platforms and telehandlers have each elevated 16%.

“Patrons are at the moment paying a premium for elevating work platforms because of provide constraints, file rental charges, excessive demand and the quantity of labor obtainable,” stated Doug Olive, Senior Vice-President (Pricing), The Ritchie Brothers.

Doug rusch, Managing Director of Rouse Gross sales, added: “Retail costs for increase and scissor lifts have elevated slowly however steadily this 12 months, with values ​​6% greater immediately than January 2021. In the meantime, telehandler costs are 9% greater than initially of the 12 months as volumes have skyrocketed, with Rouse seeing round 75% extra telehandlers offered in retail channels this 12 months as in the identical interval in 2019, earlier than the pandemic. “

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

Used Enterprise Belongings – Value Highlights
Value variation (± 1.5%) from 12 months to 12 months for the three months ending August 31, 2021

Classes

United States

CANADA

Giant earthworks

??

Improve ~

ten%

??

Improve ~

8%

Common earthworks

??

Improve ~

38%

??

Improve ~

28%

Air

??

Improve ~

29%

??

Improve ~

17%

Truck Tractors

??

Improve ~

36%

??

Improve ~

14%

Skilled vehicles

??

Improve ~

30%

??

Improve ~

20%

Supply: Ritchie Bros. transactional knowledge.

Ritchie bros. ‘ The Market Tendencies software is an unbiased a part of Ritchie bros. Asset options (rbassetsolutions.com), a cloud-based asset administration and disposition system with a set of instruments and providers to assist purchasers higher handle, analyze and promote their belongings. For extra info on market traits, please ship an electronic mail [email protected].

On The Ritchie Brothers.:

Created in 1958, Ritchie bros. (NYSE and TSX: RBA) is a worldwide asset administration and disposition firm, offering purchasers with end-to-end options for the acquisition and sale of heavy tools, vehicles and different enterprise belongings. ‘alternative. Working in various industries together with building, transportation, agriculture, power, oil and gasoline, mining and forestry, the corporate’s gross sales channels embrace: Ritchie bros. Auctioneers, the world’s largest industrial auctioneer provides reside public sale occasions with on-line auctions; IronPlanet, a web based market providing weekly auctions and offering unique certification of the situation of IronClad Assurance® tools; Market-E, a managed market providing a number of worth and timing choices; Mascus, one of many essential European on-line tools referencing providers; and Ritchie bros. Personal treaty, providing privately negotiated gross sales. The Firm’s suite of options additionally consists of Ritchie bros. Asset options and Rouse Companies LLC, which collectively supplies a complete end-to-end asset administration, data-driven intelligence, and efficiency benchmarking system. The Ritchie Brothers. additionally provides sector-specific options, particularly GovPlanet, TruckPlanet, and Kruse Power, in addition to the financing and rental of kit by Ritchie bros. Monetary Companies. For extra info on Ritchie bros., go to RitchieBros.com.

Images and video for inclusion in media articles can be found on rbauction.com/media.

THE SOURCE Ritchie bros.

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