The used equipment market delivered mixed results during the first quarter of 2026, according to the latest auction insights from Ritchie Bros. (full article here) While some categories experienced softer pricing due to increased inventory, several heavy earthmoving equipment segments continued to demonstrate strong demand and price stability across both the United States and Canada.
U.S. Auction Market Trends
In the United States, median auction prices showed a varied performance when compared to Q1 2025. Aerial equipment categories, including boom lifts, scissor lifts, telehandlers, and forklifts, experienced price declines. A key factor behind this trend was the increase in equipment volumes entering the market.
On the other hand, earthmoving equipment categories largely maintained pricing strength despite higher supply levels. Contractors and infrastructure projects continue to support demand for core heavy equipment, helping sustain values across multiple categories.
One notable bright spot in the transportation sector was truck tractors. In the U.S., pricing improved due to lower inventory levels and a younger average fleet age profile entering the auctions.
Canadian Market Mirrors U.S. Trends
Canada experienced a similar market pattern during Q1 2026. Earthmoving equipment categories continued to perform well, with median prices increasing even as auction volumes rose.
Meanwhile, aerial equipment and telehandlers saw pricing pressure as more units became available in the marketplace.
The truck tractor segment in Canada moved opposite to the U.S. trend. Higher usage levels and increased inventory contributed to softer pricing results north of the border.
Earthmoving Equipment Continues to Lead
Several major equipment categories stood out for their resilience during the quarter. Dozers, excavators, motor graders, and articulated dump trucks all recorded higher sales volumes in Q1 2026 compared to Q1 2025.
Despite the increased supply, these categories either maintained or improved their median sales prices in both Canada and the United States — a strong indicator of continued market demand for heavy construction equipment.
Ritchie Bros. Price Index Insights
According to the Ritchie Bros. Price Index, both construction and transportation equipment prices in the U.S. remained relatively stable in Q1 2026 compared to Q4 2025.
Canada reported a similar trend, with construction and transportation pricing holding steady quarter-over-quarter.
Final Thoughts
The first quarter of 2026 highlights a used equipment market that remains balanced overall. While aerial equipment categories are feeling pressure from higher inventory levels, earthmoving equipment continues to show resilience and stable demand.
As infrastructure investment and construction activity remain active across North America, heavy equipment categories appear well-positioned heading further into 2026.
