Ritchie Bros. to Conduct Its Largest Auction in Japan on July 2



Ritchie Bros. will conduct its largest-ever auction in Japan, selling more than 330 equipment items and trucks for dozens of owners, in Narita on July 2.

The record-breaking inventory includes a large number of late-model, low-hour units, as well as many EPA-compliant machines—all items will be sold without minimum bids or reserve prices.

“This record-breaking auction is a testament to the relationships we’ve developed with our consignors in Japan, particularly Nippon Caterpillar, as well as Kanamoto, Kubota Kenki, and Mitsui Sumitomo Finance,” said Ivan Wang, general manager for Japan, Ritchie Bros. “Next week’s auction will have a huge selection of Caterpillar excavators, dozers, and loaders, along with other popular Asian manufacturers like Komatsu, Kubota, Hitachi, Takeuchi and Mitsubishi.”

Wang added, “This auction also has more than 85 EPA-compliant items that should garner interest from buyers in the United States and Canada. We encourage overseas buyers to check the items out on our website at rbauction.com.”

Specific equipment highlights in the Narita auction will include 210+ excavators, 15+ dozers, 15+ compactors, 10 loaders, and more. Bids can be made in the auction onsite or online in real time at rbauction.com.

“We’ve seen a steady growth of international buyers attending our Narita auctions over the last two years, and we expect that trend to continue,” said Karl Werner, president international, Ritchie Bros. “Buyers look to source equipment from Japan because of its reputation for well-maintained machines. With a large volume of EPA-compliant machines in this auction, we expect strong demand from North American buyers.”

Established in 1958, Ritchie Bros. is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets.


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!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com