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Ritchie Bros. sells CA$49+ million of equipment and trucks in largest-ever Ontario auction
Ritchie Bros. sells CA$49+ million of equipment and trucks in largest-ever Ontario auctio...
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[{"type":"text","content":"\n \n \n \n Ritchie Bros. sells CA$49+ million of equipment and trucks in largest-ever Ontario auction\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 Canada NewsWire\n \n \n \n \n \n March 9\n \n – 11 online event in\n \n Toronto\n \n attracts 35% more bidders and 66% more item watchlists\n \n \n \n TORONTO\n \n ,\n \n March 15, 2021\n \n /CNW/ - Week after week,\n \n Ritchie Bros\n \n . continues to deliver outstanding results to its consignors, with unprecedented demand and strong pricing in 2021. Last week the company sold more than 4,300 equipment items and trucks in its largest-ever\n \n Toronto, ON\n \n auction. The\n \n March 9\n \n – 11 online event attracted 35% more bidders year over year and achieved CA$49+ million (US$39+ million) in gross transaction value.\n \n \n Despite tight market supply,\n \n Ritchie Bros\n \n . sold a record amount of equipment in\n \n Toronto\n \n last week, including 320+ truck tractors, 210+ aerial work platforms, 120 compactors, 95+ skid steers, 55+ excavators, and more. Specific sales highlights included a 2018 John Deere 380G excavator that sold for CA$315,000; a 2017 Mack GU813 granite dump truck that sold for CA$175,000; and a 2019 Kenworth T800 T/A sleeper heavy haul truck that sold for CA$143,500. All items in were sold unreserved and all bidding was conducted 100% online.\n \n \n \"Following excellent recent results in\n \n Edmonton\n \n ,\n \n Orlando\n \n , and our Rocky Mountain Regional Auction, we continue to achieve strong pricing for consignors, regardless of auction type or location,\" said\n \n Ryan Pottruff\n \n , Regional Sales Manager,\n \n Ritchie Bros\n \n . \"Last week's record-breaking\n \n Toronto\n \n auction saw particularly strong price realization for transportation equipment, with Class 8, dump trucks, and heavy haul trucks achieving incredible prices. Leading up to the sale we saw a ton of buzz online, with pageviews, watchlists, and PriorityBids all up year over year. We encourage interested sellers to contact us today to take advantage of the strong market.\"\n \n \n With ...