[Breda (The Netherlands) - November 12, 2024] – Ritchie Bros. has released its latest Market Trends Report for the third quarter of 2024, offering valuable insights into the European used equipment and truck market. Drawing on extensive data from Ritchie Bros.’ sales channels —including auctions, Mascus, Marketplace-E, and more— this report highlights trends and forecasts within the region’s used heavy machinery sector, providing buyers and sellers with the information they need to make informed decisions.
The report delves into essential equipment categories such as tractors, truck tractors, wheel loaders, site dumpers, and diesel forklifts, presenting a snapshot of supply, demand, and pricing trends across Europe.
Top Five Highlights from Q3 2024
- Tractors: Ritchie Bros. auctions saw a significant 59% increase in tractor sales compared to Q3 2023, underscoring high demand and strong market interest in agricultural machinery.
- Truck Tractors: While the volume of listings for truck tractors on Mascus rose by 19%, demand declined by 29%, indicating a shift in market dynamics and buyer preferences.
- Wheel Loaders: Germany, the Netherlands, and Sweden showed the highest demand for wheel loader listings on Mascus, illustrating the regional need for this versatile equipment type.
- Site Dumpers: Auction sales for site dumpers surged by 43% compared to Q3 2023, highlighting their growing role in construction and infrastructure projects.
- Diesel Forklifts: Median auction prices for diesel forklifts dropped by 28% year-over-year, suggesting opportunities for buyers looking for cost-effective equipment options.
The Market Trends Report for Q3 2024 underscores Ritchie Bros.’ commitment to delivering comprehensive market intelligence. With detailed data and analysis, the report offers a clear view of evolving trends in the European heavy equipment market, helping industry professionals navigate a dynamic landscape.
For further insights, visit rbauction.com/market-trends or contact Ritchie Bros. to explore upcoming auctions and the latest trends in used machinery.
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About Ritchie Bros.
Ritchie Bros., an RB Global, Inc. (NYSE: RBA) (TSX: RBA) company, is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, mining, and forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer offering live auction events with online bidding; IronPlanet, an online marketplace with weekly featured auctions and providing the exclusive IronClad Assurance® equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; Ritchie List, a self-serve listing service for North America; Mascus, a leading European online equipment listing service; Ritchie Bros. Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Kruse Energy. The company's suite of solutions also includes financing and leasing through Ritchie Bros. Financial Services. For more information about Ritchie Bros., visit RitchieBros.com.