22,000+ bidders compete for 13,000+ items
With our March 2023 Market Trends Report, we take a deep dive into results from our Premier Global Auction in Orlando, FL on February 20 – 24, 2023. Attracting more than 22,000+ bidders from 80+ countries, this year’s auction drove strong prices relative to the previous three months (December 2022 – February 2023).
When it comes to auctions, competition is key. Ritchie Bros.’ February Orlando auction typically attracts a massive buying audience, helping to push premium prices for consignors.
More than 13,000 items were sold in the five-day unreserved auction in Florida, including 500+ excavators, 230+ wheel loaders, 200+ dozers, 430+ truck tractors, and a lot more. Subscribe for the full report and see how each of these equipment categories performed compared to the previous three months—let’s dive in.
As you can see the chart below, excavators sold for a median price of US$72,500 in Orlando—this is up from US$47,500 for the previous three months. However, it’s important to note that units sold in Orlando had a younger median age and less usage than units sold between November 2022 and February 2023.
We see similar price inflation for dozer units sold in Orlando this year, with the median price increasing to US$75,000 compared to a median price of US$55,000 achieved in the previous three months. Dozer units sold in Orlando also had a younger median age and slightly less usage.
However, truck tractor prices declined in Orlando, with units sold having a higher median age than units sold between November 2022 and February 2023.
Truck tractors sold in Orlando had a median age of 10 years and 650,200 miles on the odometer and were selling for a median price of US$18,000. This is down slightly from a median price of $20,500 during the previous three months.
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We have provided additional charts for dozers, wheel loaders, and backhoe loaders below. Additional charts for articulated dump trucks, multi-terrain loaders, motor graders, telehandlers, and skid steer loaders are available in the full report. Sign up and download today!
