Equipment and truck pricing has hit record highs in 2022, showcasing a sellers’ market with a ton of demand for equipment. For the first time in its history, Ritchie Bros. Financial Services (RBFS) has surpassed $1 billion in open credit approvals from customers across North America.

“This is a very significant milestone for Ritchie Bros. Financial Services, as we have amassed more than $1 billion in open credit approvals from customers looking to buy used equipment and trucks,” Chris Quinn, vice president, Sales & Marketing, Ritchie Bros, said. Financial Services. “We are proud to be able to partner with so many customers — new and existing — to find flexible and innovative financing solutions to help them make the best decisions for their business.”

“With our financing, customers can buy from any Ritchie Bros. sales channel, plus dealerships, and private sale. We are agnostic of manufacturer and support all industries,” Quinn said.

Ritchie Bros.’ recently launched Ritchie List marketplace, which is an equipment listing service for dealers and private sellers. Ritchie List subscribers will also soon be able to benefit from “Want to Buy” ads from multiple sources, including access to $1 billion in open approvals.