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Ritchie Bros. seen record demand in 2020

Christian Fernsby |
In the last three years (Jan. 2017 – Sep. 2020) Ritchie Bros. has sold more than 15,000 excavators in the United States alone, for more than $850 million.

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Topics: RITCHIE   

"In a year of volatility, excavator pricing has remained relatively stable," said Doug Olive, Senior Vice President, Pricing, for Ritchie Bros. "The excavator's cross-industry applications help mitigate massive price fluctuations. We also believe that the uptick in housing starts throughout the United States has had a positive impact on excavator pricing in 2020."

The top selling brands by volume are Caterpillar, Komatsu, and John Deere, with the top models sold all being Caterpillar: 336EL, 320EL and 320CL.

On average, approximately 27% of all excavators sold in the United States during this time frame were sold to local state buyers, while 57% was sold to out of state U.S. buyers, and 16% sold to international buyers.

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