Used truck prices continue to rise: Ritchie Bros.

by Today's Trucking

Used truck prices continue to rise in Canada, according to the latest market update from auctioneer Ritchie Bros.

In the second quarter, truck tractor prices sold by Ritchie Bros. in Canada were up 14% year-over-year, while vocational truck prices climbed 21%. This paled in comparison to the 31% and 26% increases seen in the U.S. over the same period.

Graph showing rising used truck prices
(Source: Ritchie Bros.)

Canadians were active on both the buy and sell side. Alberta, B.C., and Ontario were among the top five selling and buying regions, joined by California and Texas.

Have your say

This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.