February Market Trends Report recaps 2024 construction and transportation pricing and sales

With our February edition, we are taking a broad view of construction equipment and transportation sales across 2024 using the industry’s best data.

In the full report, we look at pricing and volume trends for most major construction and transportation equipment categories with both Ritchie Bros. auction data and Rouse retail insights.

Ritchie Bros. Auction Trends

Overall auction pricing declined across both the US and Canada when comparing median prices from 2024 to 2023. Across the board sales volumes increased, creating a significant headwind and reducing price achievement.

As we move into 2025, there are positive price signals with the improvements highlighted above. Also, Ritchie Bros.’ February Premier Global Auction in Orlando will be a big indicator for how the remainder of the year will unfold in terms of pricing.

Equipment for saleSponsoredExcavator CouplerMorris, IL TomorrowView listing

Ritchie Bros. Mixed Adjusted Price Indexes

In Q4 2024, construction and transportation prices in the U.S. remained about the same as the previous quarter (Q3 2024). On balance, values for construction remain elevated against “pre-pandemic” (2019) levels, while transportation values remain slightly higher than “pre-pandemic” (2019) levels.

Construction prices in Q4 in Canada decreased by 1% from last quarter (Q3 2024), while transportation prices decreased by 7%. On balance, both construction and transportation values in Canada remain elevated against “pre-pandemic” (2019) levels.

Retail Used Equipment Market from Rouse

Construction prices in the U.S. have decreased by approximately 1% from the last quarter (Q4 2024), while transportation prices on average remained about the same.

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