Construction Industry Panel - Heavy Equipment Trends and Data | Ritchie Bros. Inside Edge

On Monday, March 8, 2021, Ritchie Bros. hosted two one-hour online industry panels, where experts from Ritchie Bros. and industry guests discussed trends impacting the construction & transportation industries and more.

In this one-hour long Construction Panel, Matt Ackley, host and Chief Marketing Officer, Ritchie Bros. and a team of industry experts discuss the following topics around heavy equipment trends in the construction industry:

- big sellers for construction heavy equipment in 2020 and 2021
- supply and demand issues in 2020 and 2021
- heavy equipment pricing and the impact of COVID-19 on Ritchie Bros.
- impact of current administration on the construction industry
- buying and selling behaviours that have changed through the pandemic
- tools and tips to help contractors and dealers get through this pandemic.

Construction panelists include Doug Olive (Senior Vice President, Pricing, Ritchie Bros.); Doug Rusch (Managing Director, Sales, Rouse Services); Jim Kessler (Chief Operating Offer, Ritchie Bros.); and special guest Michael Vasquez (Associated Equipment Distributors (AED) Executive Board member and Vice President of MECO Miami).

Let us know what you thought about our Inside Edge Industry Construction Panel in the comments section!

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▬ Contents of this Video ▬
00:00​​​ Introduction
02:24 Construction panelist introductions
07:30​​​ Agenda and topics for panel discussion
07:50​​​ Big sellers for construction equipment 2020 vs 2019
17:05 Supply and demand issues in 2020 & 2021
25:50 Impact of COVID-19 on equipment pricing
27:10 Current administration on the construction industry
30:08 Buying and selling behaviors during the pandemic
46:40 Tools and tips to help contractors/dealers get through this pandemic

▬ About Ritchie Bros ▬
#RitchieBros​​ is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets.

Our selling channels include: Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer offers live auction events with online bidding; IronPlanet, an online marketplace with featured weekly auctions and providing its exclusive IronClad Assurance® equipment condition certification; Marketplace E, an online marketplace offering multiple price and timing options; Mascus, a leading European online equipment listing service; and Ritchie Bros. Private Treaty, offering privately negotiated sales.

​#InsideEdge #IndustryNews #EquipmentData #EquipmentTrends #HeavyMachinery #HeavyEquipment​ #Construction #ConstructionEquipment

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