Ritchie Bros. sold more than 3,000 equipment items and trucks for more than C$48 million ($38.45 million) at its recent unreserved online auction in Montreal. The event was held from March 23 to March 25 and attracted more than 7,400 registered bidders from more than 40 countries, making it the largest Montreal auction in Ritchie Bros.’ history.

“We continue to attract a massive global buying audience online, driving record pricing for assets, especially transportation equipment,” Eric Roussin, regional sales manager for Ritchie Bros., said. “Trucks and trailers are attracting unprecedented demand in today’s market, with light-spec truck tractors, van trucks, hi-boys and reefer trailers bringing top dollar last week in Montreal. If you have surplus transportation assets, I encourage you to contact us to take advantage of the incredibly strong prices we are achieving today.”

Sales highlights in the Montreal auction included a 2017 Caterpillar D6T LGP dozer that sold for C$252,000 ($201,850); two 2020 Kenworth W990 sleeper truck tractors that sold for a combined C$385,000 ($$308,380); and a 2019 Peterbilt 389 sleeper that sold for C$155,000 ($$124,150). Approximately 90% of the equipment in the Montreal auction was sold to Canadians, including 61% sold to buyers from Quebec, while the remaining 10% was sold to international buyers from countries such as Ecuador, Malaysia and the Netherlands. All items were sold without minimum bids or reserve prices.

On March 22 and March 23, Ritchie Bros. also held its first Northeast regional event of the year, with equipment stored and sold from four different locations: North East, MD; North Franklin, CT; Pittsburgh; and Raleigh-Durham, NC. The two-day online auction attracted more than 8,900 bidders to compete for approximately 4,900 items, generating more than $42 million in gross transaction value.

“Our local yards are gaining momentum and our team is doing a great job of finding equipment to sell in a tight market environment,” Jason Kirkconnell, regional sales manager for Ritchie Bros., said. “Low-hour, ready-to-work equipment continues to perform exceptionally well, resulting in a lot of happy consignors. We have site auctions, weekly featured online events, a 24/7 online marketplace for premium assets and a listing service. Let us know how we can help you turn your surplus equipment into cash.”

Sales highlights in the Northeast event included a 2019 Caterpillar 950M wheel loader that sold for $290,000; a 2020 Peterbilt 389 tri-axle dump truck that sold for $200,000; and a 2018 Komatsu PC238USLC-11 hydraulic excavator that sold for $177,500. Approximately 94% of the assets in the auction were sold to U.S. buyers, while the remaining 6% was sold to international buyers from countries such as Brazil, India and Japan.