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Ritchie Bros. Sells $41MM+ of Equipment in its largest-ever Chehalis, WA, Auction

December 27, 2021, 07:05 AM
Filed Under: Auction News

Ritchie Bros. has completed its largest-ever auction in Chehalis, WA, selling over 2,600 equipment items and trucks for some 500 owners and generating more than $41 million in gross transaction value.

The online auction attracted 9,950 bidders from 58 countries, which is a 27 percent increase year over year and a new record for the Chehalis site. Approximately 95 percent of the assets in the auction were purchased by U.S. buyers, including 33 percent sold to buyers from Washington State. The remaining 5 percent was sold to international buyers from as far away as France, Honduras and Vietnam. Leading up to the auction, Ritchie Bros. saw a 44 percent increase in online equipment views, while pageviews were up 18 percent year over year.   

"We've had a fantastic year in the Pacific Northwest with strong pricing across all our marketplaces and have capped it off with our largest Chehalis auction ever," said Griffin Squires, Regional Sales Manager, Ritchie Bros. "Transportation and excavation equipment continues to bring record prices. We also saw strong returns for a fantastic forestry package we signed up early. It's a seller's market right now."

Equipment in the December online Chehalis auction was sold from four locations, including satellite yards in Spokane, WA; and Wasilla, AK; and an owner's property in Billings.

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