Canada NewsWire
Tight supply and unprecedented demand driving record-breaking equipment and truck prices
EDMONTON, AB , Nov. 1, 2021 /CNW/ - Last week Ritchie Bros . conducted a three-day auction at its Edmonton, AB site, selling 7,600+ equipment items and trucks for 950+ owners and generating CA$85+ million (US$69+ million) in gross transaction value.
The October 26 – 28, 2021 auction attracted 17,700+ online bidders from 61 countries, with approximately 90% of the equipment purchased by Canadians, including 57% sold to Alberta buyers. The remaining 10% of the equipment was sold to international buyers from as far away as Australia , Belgium , and New Zealand .
"We continue to exceed customer expectations with equipment and truck pricing in 2021," said Andrew Lutic , Regional Sales Manager, Ritchie Bros . "It's not just one asset category either—as we've showcased in our monthly Market Trends Reports , pricing is strong across the board right now. Last week in Edmonton we sold an unused 2022 Kenworth T880 truck tractor for CA$232,500! We also saw an uptick in demand for oil and gas-specific assets, like boom trucks. It's a seller's market right now and I encourage interested consignors to contact us today to get their surplus equipment featured in one of our many upcoming online events."
Five Big Sellers:
- 2018 Kenworth T800 T/A tri-drive w/ Terex Crossover800 boom truck – CA$505,000 (US$407,838)
- 2007 Caterpillar D8T crawler tractor – CA$315,000 (US$254,394)
- 2008 Kobelco CK850 85-ton crawler crane – CA$285,000 (US$230,166)
- 2017 Volvo P7110B asphalt paver – CA$275,000 (US$222,090)
- 2018 Freightliner 122SD tri-drive sleeper truck tractor – CA$165,000 (US$133,254)
AUCTION QUICK FACTS: EDMONTON, AB ( OCTOBER 2021 )
- Gross Transaction Value (GTV): CA$85+ million (US$69+ million)
- Total Registered Bidders: 17,700+
- Total Number of Lots: 7,600+
- Total Number of Consignors: 950+
Ritchie Bros . will sell more than 40,000 equipment items and trucks in its upcoming events, including a giant crane auction in Decatur, AL on Nov. 3 ; Houston, TX on Nov. 9 - 11 ; and Grande Prairie, AB on 22 – 24 . 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;
Ritchie List
, a self-serve listing service for
North America
;
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 .
View original content: https://www.prnewswire.com/news-releases/ritchie-bros-attracts-17-000-online-bidders-for-ca85-million-edmonton-ab-auction-301412640.html
SOURCE Ritchie Bros .
View original content: http://www.newswire.ca/en/releases/archive/November2021/01/c0631.html