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Ritchie Bros. Sells $104MM+ of Equipment, Trucks at Edmonton Auction

October 30, 2015, 07:05 AM
Filed Under: Auction News

Ritchie Bros. sold CA$137+ million (US$104+ million) of heavy equipment and trucks at its unreserved public auction in Edmonton, AB this week (October 27 – 29, 2015). Ritchie Bros.' Edmonton site has already surpassed its 2014 sales record, selling CA$633+ million of equipment at five auctions and surpassing last year's total of CA$569+ million of equipment sold at six auctions.

"This was our largest October auction ever with solid pricing overall. In particular we saw strong results for motor graders, excavators, winch tractors, service trucks, crawler tractors and pipelayers," said Trent Vandenberghe, Vice President (Sales), Ritchie Bros. "We're very happy that we continue to see record attendance numbers at our auctions this year and deliver strong results for our sellers. These numbers demonstrate confidence in the marketplace as well as our ability to bring buyers to the table. A lot of companies try to do what we do, but none have the experience and global marketing reach we provide. Over the past 50 years we've helped thousands of Alberta companies successfully buy and sell equipment."
This week's auction attracted 10,300+ bidders from 55 countries, including 6,600+ online bidders. Approximately 17 percent of the equipment sold to out-of-country buyers from as far away as Australia, Thailand and the United Kingdom. More than 51 percent of the equipment was purchased by Alberta buyers, while buyers from the United States purchased 13 percent.

More than 6,900+ items from 875+ sellers were sold in the Edmonton auction this week, including 160+ excavators, 120+ dozers, 70+ articulated dump trucks, 50+ wheel loaders, 45 motor graders, 25+ farm tractors, 680+ trailers, 170+ truck tractors, 110+ flatbed trucks, 60+ boom trucks, 40+ service trucks, 45 winch tractors, and 260+ pickup trucks

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