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Ritchie Bros. achieves strong pricing in US$43+ million Great Lakes Regional Event
Ritchie Bros. achieves strong pricing in US$43+ million Great Lakes Regional Event ...
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[{"type":"text","content":"\n \n \n \n Ritchie Bros. achieves strong pricing in US$43+ million Great Lakes Regional Event\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n PR Newswire\n \n \n \n \n More than 10,000 bidders from 54 countries registered to bid for 3,600+ items sold on\n \n Sep. 28\n \n – 29\n \n \n \n \n COLUMBUS, Ohio\n \n ,\n \n Oct. 4, 2021\n \n /PRNewswire/ -\n \n Ritchie Bros\n \n .' latest Great Lakes Regional Event featured 3,600+ equipment items and trucks stored in three locations:\n \n Columbus, OH\n \n ;\n \n Chicago, IL\n \n ; and a new local yard in\n \n Detroit, MI.\n \n The two-day online auction attracted 10,000+ bidders, resulting in strong competition and US$43+ million in gross transaction value.\n \n \n Approximately 88% of the equipment in the auction was purchased by U.S. buyers, including 16% sold to\n \n Ohio\n \n , 11% to\n \n Illinois\n \n , and 5% to\n \n Michigan\n \n . The remaining 12% was purchased by international buyers from as far away as\n \n Germany\n \n ,\n \n Australia\n \n , and\n \n Ghana\n \n . Leading up to the event,\n \n Ritchie Bros\n \n . attracted 88% more PriorityBids per lot and 40% more online equipment views than the previous Great Lakes auction in June.\n \n \n \"Our regional auctions continue to attract unprecedented demand—with bidder registrations up 23% from our previous Great Lakes auction—resulting in strong market pricing across all asset categories,\" said\n \n Tim Keane\n \n , Regional Sales Manager,\n \n Ritchie Bros\n \n . \"Last week we saw particularly strong returns for transportation equipment, with van trailer prices reaching record levels. If you have surplus equipment, trucks, and trailers, we encourage you to contact us to take advantage of this seller's market today!\"\n \n \n Equipment in the auction was sold for 600+ equipment and truck owners, including several items for GMC Excavation & Trucking Ltd., based in\n \n Galion, OH\n \n .\n \n \n \"Working with\n \n Ritchie Bros\n \n . is easy, and they bring great returns, with most of my items last week selling for more th...