Ritchie Bros. sells gear in Edmonton, AB

15,000 online bidders from 64 countries signed up for the 23rd June – 25th 2021 unrestricted auction

EDMONTON, AB, June 28, 2021 / CNW / – Ritchie bros. Edmonton The team returned last week, selling more than 8,500 pieces of equipment and trucks to more than 1,200 shippers. The three-day online auction attracted nearly 15,000 bidders and generated a gross transaction value of more than 70 million Canadian dollars (56 million US dollars).

About 92% of the equipment in the 23rd June – 25 auction was given to buyers in. sold Canada, of which 56% sold to Alberta, 15% to British Columbia, and 9% too Saskatchewan. The remaining 8% of the equipment was sold to international buyers from countries that far away Australia, China, and the United Kingdom.

“We continue to see strong demand for well-maintained machines and trucks for the fewest hours,” said Andrew Lutic, Regional sales manager, Ritchie bros. “The construction season begins here AlbertaSo we saw many companies bid aggressively in the hope of buying new equipment to upgrade their fleet or fill in gaps. For those still in search of gear, we have tons of upcoming buying opportunities including Marketplace-E, weekly online events on IronPlanet.com, and major upcoming website auctions in Montreal and Toronto. “

Five great sellers:

  • 2018 Caterpillar D6T LGP Bulldozer – CAD 472,500
  • 2015 Kenworth C500 T / AT / A 430 inch WB bed truck – CAD 375,000
  • 2016 Western Star 4900SA 2,000 Gallon Tri-Drive Hydro Vacuum Truck – CAD 335,000
  • 2018 Hitachi ZW370-5B Wheel Loader – CAD 327,500
  • 2014 John Deere 410E 6×6 Articulated Dump Truck – CAD 177,500

SHORT FACTS ABOUT THE AUCTION: EDMONTON, AB (JUNE 2021)

  • Gross Transaction Value (GTV): CA $ 70 million (US $ 56 million)
  • Total registered bidders: 15,000
  • Total number of lots: 8,500+
  • Total number of senders: 1,200+

Ritchie bros. will sell more than 50,000 pieces of equipment and trucks at its upcoming events, including a Truro, NS Auction on June 29th; Montreal, QC on 7th of July; Regina, SK on 8th of July – 9; and Toronto, ON on July 13-14. The company also offers weekly online auctions at IronPlanet.com and a daily reserved option with Marketplace-E.

above Ritchie bros.:

Founded in 1958, Ritchie bros. (NYSE andTSX: RBA) is a global asset management and disposition company that provides end-to-end solutions for customers to buy and sell used heavy equipment, trucks, and other assets. The company operates in a number of sectors including construction, transportation, agriculture, energy, oil and gas, mining and forestry. The company’s sales channels include: Ritchie bros. Auctioneers, the world’s largest industrial auctioneer, offers live auction events with online bidding; IronPlanet, an online marketplace with weekly auctions and the exclusive IronClad Assurance® equipment condition certification; Marketplace-E, a controlled marketplace with multiple pricing and timing options; Mascus, a leading European online equipment listing service; and Ritchie bros. Private contract offering privately negotiated sales. The company’s solution suite also includes Ritchie bros. Asset Solutions and Rouse Services LLC, which together provide a complete end-to-end asset management, data-driven intelligence and performance benchmarking system. Ritchie bros. also offers industry-specific solutions such as GovPlanet, TruckPlanet and Kruse Energy as well as equipment financing and leasing through Ritchie bros. Financial services. For more information on Ritchie bros., visit RitchieBros.com.

Photos and videos for embedding in media stories are available at rbauction.com/media.

SOURCE Ritchie bros.

For more information: Ian Malinski, Media Relations Manager, +1.778.331.5432, [email protected]; For investor inquiries, please contact: Sameer Rathod, Vice President, Investor Relations & Market Intelligence, +1.51.381.7584, [email protected]

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