November Market Trends Report recaps Q3 2025 construction and transportation pricing and sales

With our November edition, we are taking a broad view of construction equipment and transportation sales from Q3 2025 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 results are fairly mixed across the U.S. when comparing median prices from Q3 2025 to Q3 2024, while pricing in Canada appears weaker. In the U.S., earthmoving product groups are mixed while aerial equipment pricing shows more positive signs. In Canada, most earthmoving groups have trended down from Q3 last year, while aerial equipment is more mixed. A few key highlights were:

• Scissor lifts showed pricing improvement across both geographies.

• Truck tractors and forklifts showed improvement amidst lighter usage and a lower-age profile of sold assets in the US. In Canada, the opposite is true with lower pricing and higher usage.

• All earthmoving groups showed declines in Canada, except wheel loaders and skid steers.

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Ritchie Bros. Mixed Adjusted Price Indexes

In Q3 2025, construction prices in the U.S. were down about 2%pts compared to the previous quarter (Q2 2025), while transportation dropped 1%pt versus Q2.

In Canada, construction prices in Q3 showed a decline of 5%pts compared to last quarter (Q2 2025), while transportation prices dropped 4%pts over the same time period.

Retail Used Equipment Market from Rouse

Construction and transportation prices in the U.S. both changed by less than 1% from last quarter (Q2 2025). Construction increased by approximately 1%, with slight price drops in July, followed by a steady increase in August and September. Transportation dropped by less than 1% from the previous quarter.

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