Medium earthmoving equipment like skid steer loaders and multi-terrain loaders are performing particularly well this year, according to the Ritchie Bros.' August Market Trends Report.
Photo: Ritchie Bros.
Ritchie Bros.' August Market Trends Report continues to show positive pricing trends across all its used equipment indexes, with skid steer loader prices up 27% in the U.S. and medium earthmoving and vocational trucks up 27% and 26%, respectively (for the three months ending July 31, 2021).
With this month's report, Ritchie Bros. takes a closer look at skid steer and multi-terrain loader sales in the United States and Canada. Over the past decade, the company has seen multi-terrain loader sales grow exponentially in comparison to its wheeled counterpart. In 2010, Ritchie Bros. sold roughly five times more skid steers (3,037 units) in the U.S. than multi terrain loaders (624 units). By 2020, that ratio had changed drastically, as the company sold approximately 2.5 times more multi terrain loaders (3,484) than skid steers (1,310).
"Medium earthmoving equipment like skid steer loaders and multi-terrain loaders are performing particularly well this year. According to our recent skid steer index, prices for the small but versatile machines are up 30% in Canada and 27% in the United States," Doug Olive, senior vice president of pricing for Ritchie Bros., said.
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