Ritchie Bros. sells CA$70+ million of equipment in Edmonton, AB

15,000 online bidders from 64 countries registered for the June 23 – 25, 2021 unreserved auction

EDMONTON, AB , June 28, 2021 /CNW/ - Ritchie Bros . Edmonton team was back at it last week, selling 8,500+ equipment items and trucks for 1,200+ consignors. The three-day online auction attracted close to 15,000 bidders and generated more than CA$70 million (US$56+ million) in gross transaction value.

Approximately 92% of the equipment in the June 23 – 25 auction was sold to buyers in Canada , including 56% sold to Alberta , 15% to British Columbia , and 9% to Saskatchewan . The remaining 8% of the equipment was sold to International buyers from as far away as Australia , China , and the United Kingdom .

"We continue to see strong demand for low-hour, well-maintained equipment and trucks," said Andrew Lutic , Regional Sales Manger, Ritchie Bros . "It's the beginning of construction season here in Alberta , so we saw a lot of companies bidding aggressively in hopes of buying new assets to upgrade or fill holes in their fleet. For those still looking for equipment, we have a ton of upcoming buying opportunities, including Marketplace-E, weekly online featured events at IronPlanet.com, and big upcoming site auctions in Montreal and Toronto ."

Five Big Sellers:

• 2018 Caterpillar D6T LGP dozer – CA$472,500
• 2015 Kenworth C500 T/A T/A 430-inch WB bed truck – CA$375,000
• 2016 Western Star 4900SA 2,000-gallon tri-drive hydro vac truck – CA$335,000
• 2018 Hitachi ZW370- 5B wheel loader – CA$327,500
• 2014 John Deere 410E 6x6 articulated dump truck – CA$177,500

AUCTION QUICK FACTS: EDMONTON, AB ( JUNE 2021 )

• Gross Transaction Value (GTV): CA$70+ million (US$56+ million)
• Total Registered Bidders: 15,000
• Total Number of Lots: 8,500+
• Total Number of Consignors: 1,200+

Ritchie Bros . will sell more than 50,000 equipment items and trucks in its upcoming events, including a Truro, NS auction on June 29 ; Montreal, QC on July 7 ; Regina, SK on July 8 – 9 ; and Toronto, ON on July 13 - 14 . The company also has weekly featured online auctions at IronPlanet.com and a daily reserved option with Marketplace-E .

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, oil and gas, mining, and forestry, the company's selling channels include: Ritchie Bros . Auctioneers , the world's largest industrial auctioneer offers live auction events with online bidding; IronPlanet , an online marketplace with featured weekly auctions and providing the exclusive IronClad Assurance® equipment condition certification; Marketplace-E , a controlled marketplace offering multiple price and timing options; Mascus , a leading European online equipment listing service; and Ritchie Bros . Private Treaty , offering privately negotiated sales. 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. Ritchie Bros . also offers sector-specific solutions including GovPlanet , TruckPlanet , and Kruse Energy , 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/June2021/28/c4731.html