April 12 – 14 unreserved online
auction attracts 10,750+ bidders from 55 countries
HOUSTON,
TX, April 18, 2022 /PRNewswire/ - With tight
equipment supply in the market, Ritchie
Bros. continues to deliver selection for buyers and great
returns for consignors, selling more than 4,400 equipment items and
trucks for US$57+ million from its Houston, TX auction site last week.
The April 12 – 14 unreserved
auction attracted 10,750+ bidders from 55 countries, with
approximately 88% of the equipment being purchased by U.S. buyers,
including 44% purchased by Texans. The remaining 12% was purchased
by international buyers from as far away as Bolivia, Taiwan, and the
Netherlands. Leading up to the auction, online equipment
views for the Houston April
auction were up 70% year over year.
"We continue to see incredibly strong pricing for late-model
equipment and trucks, resulting in a lot of happy consignors, eager
to sell again," said Chuck Roberson,
Regional Sales Manager, Ritchie
Bros. "Last week in Houston, we had a fantastic selection of
assets available, including part one of a complete dispersal for
MDS Boring & Drilling, which included pipelayers, earthmoving
equipment, trucks, and trailers. Part two of the MDS dispersal will
be sold in our next Houston live
auction in June. Contact us today to consign your equipment or
trucks to the event!"
Ritchie Bros. has dozens of
upcoming online and site events in its auction calendar, including
weekly IronPlanet auctions each Thursday, a two-day Timed Auction
in Los Angeles, CA on May 12 – 13, and a three-day auction in
Fort Worth, TX on May 17 – 19, 2022. The Company also offers
Marketplace-E, with 'Make Offer' and 'Buy Now' options; and
Ritchie List, which is designed for
private sale.
Five Big Sellers in Houston:
- 2017 Manitowoc 11000-1 110-ton crawler crane – US$470,000
- 2020 Caterpillar 349FL hydraulic excavator – US$460,000
- Three Caterpillar 587T pipelayers – US$330,000 each
- 2019 Caterpillar D6T LGP crawler tractor – US$290,000
- 2020 Peterbilt 567 8x4 truck tractor – US$242,500
AUCTION QUICK FACTS – HOUSTON, TEXAS (APRIL
2022)
- Gross transaction value (GTV): US$57+ million
- Lots/Items: 4,400+
- Bidders: 10,750+ from 55 countries
- Consignors: 650+
For more information on equipment pricing and trends, register
for Ritchie Bros. monthly Market
Trends Reports at rbassetsolutions.com/market-trends-report. For a
complete list of upcoming events, additional services, and more,
visit RitchieBros.com.
About Ritchie
Bros.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global
asset management and disposition company, offering customers
end-to-end solutions for buying and selling used heavy equipment,
trucks and other assets. Operating in a number of sectors,
including construction, transportation, agriculture, energy,
mining, and forestry, the company's selling channels include:
Ritchie Bros. Auctioneers, the
world's largest industrial auctioneer offering live auction events
with online bidding; IronPlanet, an online marketplace with weekly
featured auctions and providing the exclusive IronClad
Assurance® equipment condition certification;
Marketplace-E, a controlled marketplace offering multiple price and
timing options; Ritchie List, a
self-serve listing service for North
America; Mascus, a leading European online
equipment listing service; Ritchie
Bros. Private Treaty, offering privately negotiated sales;
and sector-specific solutions GovPlanet, TruckPlanet, and Kruse
Energy. The Company's suite of solutions also includes Ritchie Bros. Asset Solutions and Rouse Services
LLC, which together provides a complete end-to-end asset
management, data-driven intelligence and performance benchmarking
system; SmartEquip, an innovative technology platform that supports
customers' management of the equipment lifecycle and integrates
parts procurement with both OEMs and dealers; plus equipment
financing and leasing through Ritchie
Bros. Financial Services. For more information about
Ritchie Bros., visit
RitchieBros.com.
Photos and video for embedding in media stories are
available at rbauction.com/media.
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SOURCE Ritchie Bros.