Ritchie Bros. shows rise of compact earthmoving equipment in November Market Trends report

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[{"type":"text","content":"\n \n \n \n Ritchie Bros. shows rise of compact earthmoving equipment in November Market Trends report\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n Large excavator sales down in the U.S. in 2022, while mini excavator sales are on the rise\n \n \n \n \n FORT WORTH, Texas\n \n \n ,\n \n \n Nov. 21, 2022\n \n \n /CNW/ - With its\n \n November Market Trends Report\n \n ,\n \n Ritchie Bros\n \n . takes a closer look at sales of earthmoving equipment in\n \n North America\n \n , including excavators, dozers, wheel loaders, skid steers, and more.\n \n \n One of the main trends the company is seeing is the continued rise in popularity of compact earthmoving equipment. A perfect example of this can be seen through U.S. excavator sales, where large unit volumes are down significantly in 2022, while mini excavator sales have increased.\n \n \n \"We have been selling construction equipment for than 60 years and compact equipment has never been more popular,\" said\n \n Doug Olive\n \n , Senior Vice President,\n \n Ritchie Bros\n \n . \"Today, manufacturers make small and medium earthmoving equipment so much more powerful, and as a result we are seeing a lot more compact items on jobsites around the world and at our auctions. However, there are still many jobs that require the full power of a Cat D11T or John Deere 870G—so don't worry, big equipment still has a big role to play.\"\n \n \n In\n \n the United States\n \n , while large excavator volumes are down, prices are up. Excavator prices are also on the rise in\n \n Canada\n \n while volumes decline. Meanwhile, volumes and prices for mini excavators in\n \n the United States\n \n and\n \n Canada\n \n have both increased in 2022.\n \n \n Looking at wheel loaders and dozer sales, we see similar trends, especially in\n \n the United States\n \n . In the U.S., both have seen price declines in Q3, while smaller assets like loader backhoes and skid steer loaders have increased in price. In\n \n Canada\n \n , with smaller overall volumes, pricing for dozers and wheel loaders are still ...

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