Record pricing continues in Texas with Ritchie Bros.' US$79+ million Fort Worth auction

March 15 – 17 online auction attracted 14,700+ bidders to compete for 4,600+ items

FORT WORTH, Texas , March 21, 2022 /CNW/ - Ritchie Bros .' record pricing continued in Texas last week, with the company's first Fort Worth auction of the year generating more than US$79+ million in gross transaction value. The three-day online auction attracted 14,700+ bidders from 68 countries to compete for 4,600+ items from 770+ consignors.

"We continue to see unprecedented demand for equipment and trucks in today's market, driving prices well beyond expectations—especially for transportation equipment," said Neal Black , Regional Sales Manager, Ritchie Bros . "Last week in Fort Worth we sold a 2019 Peterbilt 389 6x4 day cab for US$210,000 , a 2019 Western Star 4900FA tri-axle sleeper for US$205,000 , and a 2015 Peterbilt 388 day cab for US$155,000! If you have trucks and equipment to sell, contact us today to take advantage of the record prices we are achieving. We have site auctions, online marketplaces, and a listing service—whatever your need, we have a solution for you."

Approximately 91% of the equipment in the March 15 – 17 online Fort Worth auction was purchased by U.S. buyers, including 38% purchased by Texans. The remaining 9% was purchased by international buyers from as far away as Australia , Egypt , and Guyana . The March 2022 Fort Worth auction attracted approximately 39% more PriorityBids than the same event last year.

Specific equipment sales highlights:

• 2019 Kenworth T800 10x6 w/ National NBT60L 60-ton boom truck – US$400,000
• 2019 Mack GR64B granite volumetric batcher truck – US$380,000
• 2019 Caterpillar 336 hydraulic excavator – US$317,500
• 2018 Caterpillar 140M3 motor grader – US$280,000
• 2010 Caterpillar D8T dozer – US$280,000
• 2011 Grove TMS900E 110-ton 8x4 hydraulic truck crane – US$270,000
• 2018 Caterpillar 745 6x6 articulated dump truck – US$260,000
• 2019 Ditch Witch JT30 crawler directional drill – US$205,000
• 2019 Peterbilt 348 dump truck – US$190,000
• 2015 Case IH 620HD 4WD tractor – US$187,500

AUCTION QUICK FACTS: FORT WORTH, TX – MARCH 2022

• Gross Transaction Value: US$79+ million
• Lots sold: 4,600+
• Bidders: 14,700+ from 68 countries
• Consignors: 770+

Ritchie Bros . has over 60,000+ equipment items and trucks its upcoming inventory, including 5,200+ items selling in a Northeast Regional Event on March 22 – 23 and 2,600+ items selling in a Southeast Regional Event on March 25 . For a complete list of upcoming auctions and events, visit rbauction.com/auctions.

About Ritchie Bros .:
Established in 1958, Ritchie Bros . (NYSE and TSX: RBA) 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. Operating in a number of sectors, including construction, transportation, agriculture, energy, mining, and forestry, the company's selling channels include: Ritchie Bros . Auctioneers , the world's largest industrial auctioneer offering live auction events with online bidding; IronPlanet, an online marketplace with weekly featured auctions and providing the exclusive IronClad Assurance® equipment condition certification; Marketplace-E , a controlled marketplace offering multiple price and timing options; Ritchie List , a self-serve listing service for North America ; Mascus , a leading European online equipment listing service; Ritchie Bros . Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet , TruckPlanet, and Kruse Energy . The Company's suite of solutions also includes Ritchie Bros . Asset Solutions and Rouse Services LLC , which together provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip , an innovative technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both OEMs and dealers; plus equipment financing and leasing through Ritchie Bros . Financial Services. For more information about Ritchie Bros ., visit RitchieBros.com.

Photos and video for embedding in media stories are available at rbauction.com/media .

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SOURCE Ritchie Bros .

View original content: http://www.newswire.ca/en/releases/archive/March2022/21/c6210.html