Ritchie Bros. sold more than 8,500 equipment items and trucks for 1,200 consignors at its most recent auction in Edmonton, AB. The three-day online auction was held from June 23 to June 25 and attracted close to 15,000 bidders and generated more than C$70 million ($56 million) in gross transaction value.

Approximately 92% of the equipment in the auction was sold to buyers in Canada, including 56% sold to buyers from Alberta, 15% to buyers from British Columbia and 9% to buyers from Saskatchewan. The remaining 8% of the equipment was sold to international buyers from countries such as Australia, China and the United Kingdom.

“We continue to see strong demand for low-hour, well-maintained equipment and trucks,” Andrew Lutic, regional sales manager for Ritchie Bros., said. “It’s the beginning of construction season here in Alberta, so we saw a lot of companies bidding aggressively in hopes of buying new assets to upgrade or fill holes in their fleet. For those still looking for equipment, we have a ton of upcoming buying opportunities, including Marketplace-E, weekly online featured events at IronPlanet.com and big upcoming site auctions in Montreal and Toronto.”

Five Big Sellers

• 2018 Caterpillar D6T LGP dozer – C$472,500 ($382,902)
• 2015 Kenworth C500 T/A T/A 430-inch WB bed truck – C$375,000 ($303,890)
• 2016 Western Star 4900SA 2,000-gallon tri-drive hydro vac truck – C$335,000 ($271,480)
• 2018 Hitachi ZW370-5B wheel loader – C$327,500 ($265,397)
• 2014 John Deere 410E 6×6 articulated dump truck – C$177,500 ($143,841)

Auction Quick Facts

• Gross Transaction Value (GTV): More than C$70 million ($56 million)
• Total Registered Bidders: Nearly 15,000
• Total Number of Lots: More than 8,500
• Total Number of Consignors: More than 1,200

Ritchie Bros. will sell more than 50,000 equipment items and trucks in its upcoming events, including auctions in Truro, NS, on June 29; Montreal on July 7; Regina, SK, from July 8 to July 9; and Toronto from July 13 to July 14.