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Strong Pricing Continues at Ritchie Bros, Latest MarketTrends Report Shows

June 10, 2021, 07:00 AM
Filed Under: Auction News

May was another busy month for Ritchie Bros., with multiple record-breaking events and strong pricing across almost every single asset category. According to Ritchie Bros.' June Market Trends Report, U.S. truck tractor pricing is up 23 percent year over year (for the three months ending May 31), while medium earthmoving and vocational truck prices in the United States are up 21 percent. The company is seeing similar strength in the Canadian market, with medium earthmoving up 28 percent and vocational trucks up 23 percent, while truck tractor pricing is up 15 percent.

The free June report is now available for download here.

"2021 continues to be a seller's market, with positive pricing trends across all our indexes," said Doug Olive, Senior Vice President, Pricing, Ritchie Bros. "Our auctions and online marketplaces are driving unprecedented demand and strong prices for sellers. With a single Edmonton auction in May we attracted 1.8 million online equipment views and registered 28,700 bidders, surpassing our previous bidder record by 18 percent!"  

With the June 2021 Market Trends Report, Ritchie Bros. has included a special focus on excavator sales, including an excavator index. In the United States alone, the company has sold more than 1,800 excavators in 2021 for over $111 million.

Ritchie Bros.' Market Trends application is an independent part of Ritchie Bros. Asset Solutions (, a cloud-based asset management and disposition system with a suite of tools and services to help customers better manage, analyze and sell their assets.

Ritchie Bros. to Sell Custom Jack Daniel's Indian Motorcycle for Armed Services YMCA

For the fifth straight year, Indian Motorcycle and Jack Daniel's have teamed up to create a limited edition Indian Roadmaster Dark Horse. This year's design was modeled after Jack Daniel's Gentleman Jack whiskey and only 107 were produced. On June 29, Ritchie Bros. will sell the very first Gentleman Jack produced, with all proceeds going to the Armed Services YMCA's Operation Ride Home program.

"After the last year of quarantines and travel restrictions, the ability to reunite with family has taken on even greater meaning for our service members," said Bill French, CEO of Armed Services YMCA. "We are profoundly grateful to Jack Daniel's, Indian Motorcycle, and Ritchie Bros. for making this auction possible. Our military families need and deserve a chance to go home and the funds raised from this event will make that possible."

The Gentleman Jack will be sold unreserved in Ritchie Bros.' Southeast Regional online auction on June 29. Its whiskey pearl paint scheme and oakwood accents are inspired by Jack Daniel's crafting process. The bike also includes Pathfinder Adaptive LED headlight with Pathfinder S LED driving light; ClimaCommand Rogue heated and cooled seat; and a one-of-a-kind Montana Silversmith badge, engraved with the bike's number 001 of 107.

"We are so proud to help auction off this one-of-a-kind Indian/Gentleman Jack Roadmaster for ASYMCA," said Kieran Holm, President, RB Services, Ritchie Bros. "Since Jack Daniel's Operation Ride Home program began in 2011, the partnership has generated a total of more than $1.8 million in donations and sent a total of 8,583 individual junior-enlisted service members and their families home when it mattered most. Servicemen and women from the Army, Marine Corps, Navy, Air Force and Coast Guard have been assisted with travel to all 50 states."

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