Interview: Ritchie Bros. exec looks at used equipment markets and more

The used equipment market has seen challenges in recent times, not the least of which are high prices resulting from recent supply chain issues.

At the same time, regions such as Europe and the Middle East have seen an economic slowdown, while other regions have reported a weakening in demand.

However, the supply chain crisis has eased somewhat and used equipment availability is increasing. This is good news for equipment auction companies like Ritchie Bros.