Used truck prices continued to jump in the third quarter, but Canadian prices are showing signs of levelling off, according to sales date from Ritchie Bros. auctions
Truck tractor prices in Canada were up 14 percent year over year, while vocational trucks were higher by 20% percent.
“We are seeing strong pricing in Canada this year, with truck tractor prices up approximately 14%, while vocational trucks are up 20%…However, our Canadian indexes, unlike the U.S., continue flattening and even declining in growth for certain asset categories.”
Alberta and Ontario were listed in the top five North American selling regions, while Alberta and B.C. customers were among the top five buyers.
Meanwhile, U.S. prices are at record levels, with truck tractor pricing up approximately 36% year over year, while vocational trucks are up 30%.