Ritchie Bros. Edmonton team was back at it last week, selling 8,500+ equipment items and trucks for 1,200+ consignors. The three-day online auction attracted close to 15,000 bidders and generated more than CA$70 million (US$56+ million) in gross transaction value.
Approximately 92% of the equipment in the June 23 – 25 auction was sold to buyers in Canada, including 56% sold to Alberta, 15% to British Columbia, and 9% to Saskatchewan. The remaining 8% of the equipment was sold to International buyers from as far away as Australia, China, and the United Kingdom.
"We continue to see strong demand for low-hour, well-maintained equipment and trucks," said Andrew Lutic, regional sales manger, Ritchie Bros. "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:
AUCTION QUICK FACTS: EDMONTON, AB (JUNE 2021)
Ritchie Bros. will sell more than 50,000 equipment items and trucks in its upcoming events, including a Truro, NS auction on June 29; Montreal, QC on July 7; Regina, SK on July 8 – 9; and Toronto, ON on July 13 - 14. The company also has weekly featured online auctions at IronPlanet.com and a daily reserved option with Marketplace-E.
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