Ritchie Bros. latest Market Trends report discusses impacts of online shopping on forklift and truck sales

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[{"type":"text","content":"\n \n \n \n Ritchie Bros. latest Market Trends report discusses impacts of online shopping on forklift and truck sales\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen4{\nBORDER-TOP:1pt; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:1pt; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0.50em\n}\n.prnsbls{\nBORDER-LEFT:black 1pt solid\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnrbrs{\nBORDER-RIGHT:black 1pt solid\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbts{\nBORDER-TOP:black 1pt solid\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Nov. 10, 2020\n \n \n \n \n In Q3 2020 (July – Sep) Ritchie Bros. sold a record 1,500+ forklifts in the U.S. for\n \n US$10 million\n \n \n \n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 10, 2020\n \n /CNW/ - Online retailers are busier than ever, managing massive warehouses, and shipping items around the world. For Ritchie Bros., this has resulted in record numbers of forklifts and transport trucks going through its auctions. Over the past three years, Ritchie Bros. has sold 15,000+ forklifts in the U.S. for\n \n US$99 million\n \n , including more than 1,500 sold for\n \n US$10 million\n \n in Q3 2020 alone.\n \n \n \"We're at an interesting intersection with the used forklift market in the U.S.,\" said\n \n Doug Olive\n \n , Senior Vice President, Pricing and Appraisals, Ritchie Bros. \"When you look at rental companies, some of them ramped up their fleets—including forklifts—to keep up with growing demand in 2012, after the global recession. Now at seven to eight years old, those machines need to be replaced. But, this year with COVID, OEMs slowed or halted production altogether. So...

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