Used truck prices softening: Ritchie Bros.
Utilized vans are however commanding superior values for the duration of Ritchie Bros. auctions, but the selling prices have softened in recent months – specially in Canada.
The company’s index that screens truck tractor rates is up 34% about the similar time past 12 months, but down 16% as opposed to April and May possibly, according to its June 2022 Used Machines Marketplace Traits Summary. Price ranges dropped for tractors involving 4 and 7 many years old.
Value inflation is slowing in all products classes apart from large earthmoving equipment.

In the U.S., the index is 46% better than the very same time previous year, but down 6% from past month and down 12% above the previous two months. Median prices for vans in between four and 7 yrs previous had been all down in the course of the months when in contrast to February and March.