Ritchie Bros. Sell Over $60MM in Equipment at September Auction

Ritchie Bros. sold over C$78 million ($60 million) in equipment to more than 1,000 consignors at the company’s September auction in Edmonton, AB.

The three-day auction attracted more than 9,000 bidders from 49 countries, including over 6,850 people that registered to bid online. Approximately 88% of the equipment was sold to Canadian buyers, including 56% sold to Alberta. International buyers from such countries as the United States, Singapore, and New Zealand purchased 12%. Online buyers purchased approximately 67% of the assets sold.

“We continued to see strong pricing for equipment and trucks in this week’s auction,” said Trent Vandenberghe, regional sales manager, Ritchie Bros. “Transportation pricing remains solid and bidding on heavy construction equipment was very active, showcasing depth in the market for this equipment right now. Oilfield transportation equipment also delivered solid results, as contractors looking ahead to fall and winter work start to upgrade their fleets.”

In total, more than 7,650 items were sold in the Edmonton auction, including 200+ truck tractors, 130+ compactors, 100+ skid steer loaders, 80+ excavators, 70+ flatbed trucks, 50+ dump trucks, 40+ dozers, 40+ loaders, 40+ boom trucks, 25+ farm tractors, and more. All items were sold without minimum bids or reserve prices.

“The auction was great, prices exceeded our expectations,” said Jason Weinberger, president of W Corporation, who sold over 75 items as part of a complete dispersal of his company’s trucking and drilling division. “We chose Ritchie Bros. because of the size and scope of their audience. I saw our equipment get bids from across Canada, as well as Mexico and Colombia. The whole team at Ritchie provided excellent customer service and followed through on their promises.”

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