Ritchie Bros. seen record demand in 2020
"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. ■