Ritchie Bros. Sells More Than $244MM in Equipment at Auction in Orlando, FL

FEB 28, 2023 - 7:19 am

Ritchie Bros. sold more than 13,300 equipment items, trucks and vehicles at its Premier Global Auction in Orlando, FL, generating more than $244 million in gross transaction value.

The auction was held from Feb. 20 to Feb. 24 and attracted more than 22,600 people from more than 80 countries, with approximately 83% of the equipment selling to U.S. buyers, including 18% purchased by Floridians. The remaining 17% of the equipment was purchased by international buyers from countries such as Belgium, Colombia and Thailand. Auction highlights included more than 790 excavators, more than 500 truck tractors, more than 340 skid steer loaders, more than 200 dozers and more than 240 pickup trucks. All assets were sold without minimum bids or reserve prices.

“We saw great attendance onsite and online for our Premier Global Auction in Florida, helping us drive strong results for the massive selection of equipment and vehicles available,” Ann Fandozzi, CEO of Ritchie Bros., said. “Our 200-acre yard was busy all week with customers inspecting items. Meanwhile, customers participating online had access to our new 360-view videos to help with virtual inspections — these were a real hit with customers, so you can expect to see more of these videos for equipment in our auctions going forward.

“I’d like to offer a huge thank you to all our customers participating onsite and online last week. Our talented team, unique approach to yards and innovative technology platform provides buyers the confidence to purchase from around the world and gives sellers the very best returns for their assets.”

More than 1,100 owners sold equipment in the Orlando, FL auction, including items from Miami-based Halley Engineering Contractors and Caterpillar dealer Ring Power.

“I’ve been working with Ritchie Bros. more than 40 years, selling and buying,” Ignacio Halley, owner of Halley Engineering Contractors, said. “Over the years, I’ve seen this Orlando auction progress and grow to become the world’s best equipment auction. Everything is professionally done and the equipment selection this year was outstanding.”

As part of the auction, Ritchie Bros. introduced its own Hall of Fame to recognize and thank some of the pioneers and innovators who have helped the used equipment industry move, build and grow. Inductees for 2023 included Randy Ringhaver of Ring Power, Roland Russell of ELRUS Aggregate Systems, and Dave Ritchie of Ritchie Bros. Auctioneers.

“We were excited to be back for another great Ritchie Bros. Orlando auction, where we were able to connect with colleagues and customers both onsite at the sale and the numerous networking events. It’s good to see that demand is still high and pricing remains strong,” Frank Streva, senior vice president at Ring Power, said. “Additionally, it was also a huge honor to see our chairman and CEO, Randy Ringhaver, inducted in the new Ritchie Bros. Hall of Fame alongside industry giants like Dave Ritchie and Roland Russell. Thank you, Ritchie Bros. We always look forward to this premier event.”

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