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Ritchie Bros. Sells $38MM+ of Equipment at Montreal Auction, $42MM+ at Northeast Event

March 29, 2022, 07:10 AM
Filed Under: Auction News

Ritchie Bros. conducted its largest Montreal auction ever last week, selling close to 3,000 equipment items and trucks for more than $38 million. The unreserved online auction attracted more than 7,400 registered bidders from over 40 countries.

"We continue to attract a massive global buying audience online, driving record pricing for assets, especially transportation equipment," said Eric Roussin, Regional Sales Manager, Ritchie Bros. "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."

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, PA; and Raleigh-Durham, NC. The two-day online auction attracted more than 8,900+ bidders to compete for approximately 4,900 items, generating over $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," said Jason Kirkconnell, Regional Sales Manager, Ritchie Bros.

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