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Ritchie Bros. Sells $258+ MM of Heavy Equipment Assets, Vehicles in Orlando Auction

February 28, 2024, 07:00 AM
Filed Under: Auction News

RB Global, Inc. announced Ritchie Bros. Auctioneers sold over 16,500 equipment items, trucks and vehicles at its Feb. 19-23 premier global auction event in Orlando, FL, generating $258+ million in gross transaction value (GTV).

The premier global auction event attracted over 22,000 people from 80+ countries, with approximately 83 percent of the equipment selling to U.S. buyers, including 22 percent purchased by Floridians. The remaining 17 percent of the equipment was purchased by international buyers from as far away as Poland, India and Vietnam.

In addition to producing results for customers in Orlando last week, the Ritchie Bros. online auction platform featured the Australia National Online Auction, and an IronPlanet weekly auction. In Australia, 2,400+ equipment items, generated $27+ million in GTV, while the IronPlanet weekly auction saw 1,100+ heavy equipment items sell for $13 million in GTV. Ritchie Bros. continues to prove that it is the leading destination for buying and selling heavy equipment and transportation assets globally, with over US$300 million in GTV sold last week alone.

"It was another successful year of onsite and online bidding and buying at our premier global auction in Florida, helping us drive strong results for the massive selection of equipment and vehicles available," said Jim Kessler, Chief Executive Officer for RB Global. "Our 200-acre yard was busy all week with customers viewing and inspecting equipment and it was great to be able to meet and connect with customers in person. At the same time, many more were participating online or through our mobile app from the convenience of their home or office."







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