(Price change (±1.5%) year-over-year for the 3 months ending June 30, 2021)
According to Ritchie Bros., vocational truck and medium earthmoving prices are each up 25% year over year.
In the U.S., Ritchie Bros. is seeing a particularly hot market for six year old trucks (2015 models), while four-year-old models (2017 models) appear to be in strongest demand in Canada. One of the most popular make/models in both countries is the Freightliner Cascadia. Even though 2014 – 2017 truck models were a year older and had higher usage, the median price for Cascadias was more than 45% higher in the first half of 2021 vs. 2020.
"Online shopping continues to drive an extremely hot transportation market right now, with record high truck prices," said Doug Olive, Senior Vice President, Ritchie Bros. "But it's not just transportation. We are seeing pricing strength across the board as this seller's market continues."
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