Ritchie Bros Auction Update! Used Market At An All Time Low!

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ET Transport

ET Transport

Күн бұрын

Ritchie Bros Auction Update! Used Market At An All Time Low!
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The used market is a great way to assess the status of the current industry and with assets hitting the market due to past bankruptcies there are a number of options one may consider when considering purchasing used. Join Ronen as he assesses the Ritchie Bros Auction to view the prices on used trucks from Freightliner, Volvo and Peterbilt!
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📚 Chapters
00:00 Introduction
00:23 2021 Freightliner Cascadia Used
01:32 2022 and 2023 Freightliner Cascadia Used
03:11 2021 Volvo Used
03:50 2022 and 2023 Volvo Used
04:14 2021-2023 Used Peterbilts
04:32 Ronen Reviews Used Market
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Пікірлер: 105
@MansurLado
@MansurLado Ай бұрын
I am grateful that I am favored £43,500 weekly, I also use some part to give the poor as well. God bless sandrina ❤
@tamilarasi-bn6fj
@tamilarasi-bn6fj Ай бұрын
Hello how do you make such monthly, I am a born again Christian and sometimes I feel so down 🙁of myself because of low finance but I still believe in God.
@MansurLado
@MansurLado Ай бұрын
She communicates on WHAT S A P P on the digits below>
@MansurLado
@MansurLado Ай бұрын
+𝟭𝟴𝟮
@MansurLado
@MansurLado Ай бұрын
𝟴𝟯𝟱
@MansurLado
@MansurLado Ай бұрын
𝟭𝟭𝟳
@balinlievense9796
@balinlievense9796 Ай бұрын
Couldnt believe my eyes just today saw 2 Yellow 28ft trailers pass by in AZ. Last month driving LA to Sac passed an auction yard and they had rows and rows of Yellow trucks.
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
Yellow's assets are still predominantly found in the used market, yes
@Reeldeal818
@Reeldeal818 Ай бұрын
Everyone that bought a truck 1yr ago having a heart attack! LOL
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
Undoubtedly! To be fair, we did say to wait a bit because the market seemed like it would go lower!
@jaeinnmoon3279
@jaeinnmoon3279 Ай бұрын
@@NorthAmerican-Trucking-News- If you were to buy a truck now, and if this freight recession were to continued for another year, you’d be a fool to have paid too much for your truck.
@georgieguzman737
@georgieguzman737 Ай бұрын
Thank you for the information 👌
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
Thanks for watching!
@mikyahalbena-yasharal3387
@mikyahalbena-yasharal3387 Ай бұрын
Waaaait a minute, sir!!! Orange, is a safety color. One, which can be seen a night, as well as, day!…… It also is the color of my fleet of one. 🤣🤣🤣
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
Haha! Okay that's fair
@truckn
@truckn Ай бұрын
Your idea of cheap and mine are way different. A $75K truck is still over $100K Canadian Funds. And I don't feel sorry for anyone that purchased a new truck in 2020-22 @ the prices they sold for then. The other day I saw an older Peterbilt with over 1 million miles and the owner was asking over, (you better sit down) $400,000.00 I know it's sounds like a trucker story but it's true.
@robbalinski1606
@robbalinski1606 Ай бұрын
Yup! If I'd had known how crazy stuff was going to go in 2021 I'd have not went bankrupt and fixed my beautiful pete to sell for a large profit.
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
Over 400 is an extreme reach with a million miles....
@jasonrabe1664
@jasonrabe1664 Ай бұрын
I got three used schneider trucks back in 2012 for 16k each. 820k miles. Dirt cheap after recession years. 60 series detroits Still running strong today.
@joecummings1260
@joecummings1260 Ай бұрын
High mileage sleeper trucks are usually rode hard and put up wet.
@rickmanning9561
@rickmanning9561 Ай бұрын
I'm finding it depends on the location. The orlando auction houses have been having some great prices. California has been really high. I'm trying to nab one more si gle axle but there's been a bit of a summer bump.
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
Location is 100% a factor!
@jesusvargas5179
@jesusvargas5179 Ай бұрын
I drive by Ritchie Brothers in Haines City Florida everyday and that location is overflowed with trucks
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
Yeah, all of these bankruptcies mean a LOT of assets are hitting the used markets.
@aleksandrmoroz5883
@aleksandrmoroz5883 Ай бұрын
Good afternoon. Where can i purchase your course on how to book good loads and about working in a trucking industry in general? Thank you in advance.
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
Our dispatch course is here on KZfaq! Simply purchase a membership at the ET Entrepreneur tier and you will have access to the videos for as long as your membership is active!
@boogieman6522
@boogieman6522 Ай бұрын
If u buy from Richie bros you'll probably over pay Cascadias are 25,000 in the Houston area
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
Oh?
@boogieman6522
@boogieman6522 Ай бұрын
@@NorthAmerican-Trucking-News Ye da market in Houston is different Flatbed rates are $4.50 a mile easy Trucks are a little cheaper, part shops everywhere, affordable mechanics U should make a video on it
@kb3809
@kb3809 Ай бұрын
The oilfield is propping up the economy in Texas
@boogieman6522
@boogieman6522 Ай бұрын
@kb3809 idk about that The oilfield is pretty shacky I was in when it was good for a lil bit But maybe in a way It's alot of pipe loads out here
@terelltorrance
@terelltorrance Ай бұрын
WOW😮 those prices are unbelievable
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
It is!!
@grahamstuart9164
@grahamstuart9164 Ай бұрын
SM freight.... in Blenheim Just laid off half their Fleet... It's one of the transforce companies. 45 drivers. Effective on Friday of this week. I have a very good friend over at Canada cartage who would have access to the following information that they gave me..... 45% of the Fleet in London is probably going to be laid off in the next month. Union as well as non-union drivers. including office staff. Keep your eyes open for an announcement something to the tune of they lost one of their best accounts. That's the rumor. I drove past the Elgin yard which is part of challenger motor freight in London yesterday afternoon at 2 PM. There was not 10 empty slots where they park their trailers And at the absolute most there were 30 trucks not parked in that facility. There is approximately 175 trucks based out of that yard.
@Joelittle_
@Joelittle_ Ай бұрын
I’m gonna buy one of those Peterbilt day cabs and turn it into a pick up truck.
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
Ouuuu, that sounds interesting!
@workndog522
@workndog522 Ай бұрын
Where to get financing for a new truck
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
We have a link available to assist you! You can provide your info and have these companies vie for you! Here: www.ettransport.ca/commercial-equipment-financing-2/
@larrymcdowell6998
@larrymcdowell6998 Ай бұрын
Did anybody see the miles tho?…. 700k in 3 years?…. How much is a rebuild on those trucks?
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
Great question!
@davidtrucker84
@davidtrucker84 Ай бұрын
How canadians can buy trucks from USA through Ritchie rich auctions?
@seebingga
@seebingga Ай бұрын
no one will finance your truck like that. you would have to pay cash. you would have to do customs
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
Is there a specific reason why you want to purchase through RB?
@johnbetancourt7800
@johnbetancourt7800 Ай бұрын
How are trailers doing?
@wrld-zu9yt
@wrld-zu9yt Ай бұрын
Extremely cheap
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
Update video coming soon!
@irenekielty406
@irenekielty406 Ай бұрын
Ronen it's great seeing those cheap prices but please remember, you got a u.s. premium, u.s taxes and yes that 40% canadian to u.s. dollar. It sure changes those numbers real fast and much much higher. Why not just go and look at those PRIDE trucks and trailers. Just saying. IMO
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
It is an option, this platform is one we are very familiar with. We'll check those out too though!
@brandonhirst5940
@brandonhirst5940 Ай бұрын
Bidenomics at work. Basic supply and demand. Too Much supply and not enough demand. Good video btw paying cash is the only way to survive this market with no truck payment. Can you still make good money with no payments with these rates ?
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
You can but you have to be very smart about it
@mrjv750li
@mrjv750li Ай бұрын
Wouldn't be bad to buy one and live in it 😅
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
Some of them are comfy!
@xidptl
@xidptl Ай бұрын
Feels like it's been an age since i saw 2 dollar miles 😂😂😂
@Oscarmartinez-pl1mp
@Oscarmartinez-pl1mp Ай бұрын
Fake !! Still too expensive!!
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
It's a live view of the actual website
@superteckmp
@superteckmp Ай бұрын
There is reason why they are cheap. The rates are too low. Everybody is loosing their shirts. Don't get into transport. Not yet.
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
I agree, it's better to wait until you are absolutely positive!
@treyfeeley2519
@treyfeeley2519 Ай бұрын
WOW WOW WOW!!!! You can get a decent truck for less than most new cars and make money with it!!! How much lower can they go?????
@TopUpLogistics
@TopUpLogistics Ай бұрын
Yes, it’s a buyers market.
@alfonzooliviera1121
@alfonzooliviera1121 Ай бұрын
Thats just it. Right now you cant make money with them
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
Something tells me we are about to find out...
@gillisgil8972
@gillisgil8972 Ай бұрын
How come dump 🚚 doing better then us 🤔 😏 🙄
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
Who knows?
@Reeldeal818
@Reeldeal818 Ай бұрын
700K miles too many miles!
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
But affordable!
@Saidoromo2024
@Saidoromo2024 Ай бұрын
If you're considering buying a semi-truck, think again. Prices will drop once a Democrat is reelected, continuing the industry's downturn. Save your money.
@alostpilgrimsjourney5953
@alostpilgrimsjourney5953 Ай бұрын
Another election STEAL is a real thing. Beware.
@NorthAmerican-Trucking-News
@NorthAmerican-Trucking-News Ай бұрын
I can't speak on the political aspect of that, but I do believe that waiting is the best move as the market may or may not correct itself depending on how the next coming months play out
@davidparker3305
@davidparker3305 Ай бұрын
It won't,rail under bridges being raised to 16 ft ,double stacked containers more shipper,customer access,JB hunt ordered 150,000new containers 1person engineer trains2miles long or longer it coming .cheaper rates
@Saidoromo2024
@Saidoromo2024 Ай бұрын
I don't disagree much, except that the market trajectory is dictated by administration policy, regardless of the political party in charge. The current political leaders' policies are causing deterioration, not fostering a boom in any private industry. These policies are not conducive to an upward trajectory, unlike the past 5 years ago. They fail to build confidence for companies to invest significantly in America. As a result, many companies are relocating to cheaper markets while still selling their products in the U.S. because domestic production is too expensive and the ever-changing administration policies are a headache. A few months ago in Chicago, I noticed a guy who owns 300 trucks and recently bought over 50 trailers. Many are doing this to lease them out or for potential resale value. Companies are also changing their business models to more cost-effective ones, adding dimensions like auto and truck mechanic shops and other service businesses, moving away from just owning trucking companies due to the continuing downtrends. Also Some brokers with large in-house carriers manage to secure significant long-term freight contracts from shippers, then resell those loads to smaller carriers, effectively controlling freight access.
@adamking1229
@adamking1229 Ай бұрын
real truckers would not drive that junk no matter the miles.
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