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Ritchie Bros. Sells $39MM+ of Equipment, Trucks in Largest-ever Toronto Auction

March 16, 2021, 07:00 AM
Filed Under: Auction News

Ritchie Bros. continues to deliver outstanding results to its consignors, with unprecedented demand and strong pricing in 2021. The company sold more than 4,300 equipment items and trucks in its largest-ever Toronto, ON, auction. The online event attracted 35 percent more bidders year over year and achieved more than $39 million in gross transaction value.

Despite tight market supply, Ritchie Bros. sold a record amount of equipment in Toronto. All items were sold unreserved and all bidding was conducted online.

"Following excellent recent results in Edmonton, Orlando and our Rocky Mountain Regional Auction, we continue to achieve strong pricing for consignors, regardless of auction type or location," said Ryan Pottruff, Regional Sales Manager, Ritchie Bros. "Last week's record-breaking Toronto auction saw particularly strong price realization for transportation equipment, with Class 8, dump trucks and heavy haul trucks achieving incredible prices. Leading up to the sale we saw a ton of buzz online, with pageviews, watchlists and PriorityBids all up year over year. We encourage interested sellers to contact us today to take advantage of the strong market."

With 100 percent of bidding online, Ritchie Bros. attracted record online demand. The Toronto sale saw a 48 percent increase in pageviews (over 1.1 million), a 66 percent increase in watchlist adds (66,000+); and 11,000+ PriorityBids.

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