Through ups & downs you can always count on Ritchie Bros.

As the calendar turns to September 2022, the equipment market is in a much different place than it was this time last year. 2021 was a record-breaking year for equipment and truck prices and that momentum carried into the first quarter of this year, but over the past few months pricing has started to throttle back.

Low interest rates, government stimulus, increased infrastructure investment, and high commodity prices fueled incredible demand for equipment through the pandemic, but we are starting to come back down to reality.

In both our July and August Market Trends Reports we showcased that while pricing remains up year over year, our industry indexes appear to be declining on a month-to-month basis. According to Rouse Services latest Equipment Report, “Auction values were generally flat or slightly down recently, depending on the product type. In contrast, retail values continued their upward trend, but at a lower rate of increase than in recent periods.”

When is the right time to sell?

During these times of transition, customers start to ask themselves when is the right time to sell? How can I maximize the value of my fleet while prices are trending downward? Every customer has a different financial situation and Ritchie Bros. has a wide variety of selling solutions, financing options, and value-added tools to help.

“Whether the market is up or down, businesses of all sizes trust Ritchie Bros. to get the best results,” said Matt Ackley, Chief Marketing Officer. “We work with you to help you get the most for your assets using our decades of experience and expertise, our unmatched technology & market insights, and proven selling options. You bring the equipment and we will bring the buyers.”

With Ritchie Bros. you get access to 60+ years of auction experience & expertise; multiple, flexible proven ways to sell; unmatched selling technology, insights, and marketing; a global audience with $50 billion in purchasing power; and buyers with more than $1 billion in pre-approved financing. Whether prices are trending up or down, Ritchie Bros. is the number one equipment marketplace in the world, with access to more potential buyers than any other auction company.

We encourage you to start taking advantage of all we offer today!