At its recent auction in Chehalis, WA, Ritchie Bros. sold more than 2,600 equipment items and trucks for more than 500 owners, generating more than $41 million in gross transaction value.
The online auction was held on Dec. 21 and attracted 9,950 bidders from 58 countries, which marked a 27% year-over-year increase and a new record for the Chehalis site. Approximately 95% of the assets in the auction were purchased by U.S. buyers, including 33% by buyers from Washington. The remaining 5% was sold to international buyers from countries such as France, Honduras and Vietnam. Leading up to the auction, Ritchie Bros. experienced a 44% increase in online equipment views, while pageviews were up 18% year over year.
“We’ve had a fantastic year in the Pacific Northwest, with strong pricing across all our marketplaces, and have capped it off with our largest Chehalis auction ever,” Griffin Squires, regional sales manager for Ritchie Bros., said. “Transportation and excavation equipment continues to bring record prices. We also saw strong returns for a fantastic forestry package we signed up early. It’s a seller’s market right now, so I encourage anyone with surplus equipment to contact us today.”
Equipment in the Chehalis auction was sold from four locations, including satellite yards in Spokane, WA, and Wasilla, AK, as well as an owner’s property in Billings. MT. Highlights included more than 140 truck tractors, more than 75 excavators, more than 40 loaders and 35 dozers. All items were sold without minimum bids or reserve prices.
“We would like to thank all the customers who participated in our auctions and marketplaces in 2021,” Squires said. “For any last-minute, end-of-year purchases, I encourage you to check out our Marketplace-E and Ritchie List platforms today. We will be back with our next Chehalis auction in March 2022.”
Five Big Sellers
Auction Quick Facts
2021 Pacific Northwest Marketplace-E Sales Highlights
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!