More than 6,400+ items were sold between the Toronto and Winnipeg auctions last week
VANCOUVER, BC, May 16, 2022
/CNW/ - Last week, Ritchie
Bros. conducted its largest-ever auctions in Ontario and Manitoba, selling CA$71+ million (US$54+
million) of equipment and trucks in Toronto and CA$31+ million (US$24+ million) of
assets in Winnipeg. The multi-day
online auctions attracted a combined 11,900 registered bidders to
compete for more than 6,400+ items between the two events.
"We bulldozed past our previous Toronto sales record, set last May, with gross
transaction value up approximately 35% year over year," said
Ryan Pottruff, Regional Sales
Manager, Ritchie Bros. "There was a
lot of demand from consignors to be a part of this event, so we
made full use of our Thunder Bay
satellite yard and an additional offsite location in the
Toronto area to ensure there was
enough room for everyone, and it paid off. Consignors were very
pleased with the strong pricing we achieved during all three days
of the auction."
Approximately 91% of the equipment in the Toronto auction (May
10 – 12) was sold to Canadians, including 65% sold to
Ontarians. The remaining nine percent was sold to international
buyers from as far away as Ecuador, Egypt, and the
Netherlands.
"We got more money for our trucks than we anticipated," said
Toronto consignor James Dick of James Dick Construction. "We've
been in the snow plow business for a lot of years, but we want to
focus more on our aggregate and hauling business going forward.
I've been dealing with Ritchie Bros.
since I started—their advertising is the best!"
One province over, in Manitoba,
Ritchie Bros. conducted a one-owner
auction for Borland Construction Inc., one of the oldest and
largest heavy construction companies in the region. The
May 11 – 12 online auction attracted
bidders from 28 countries, but Canadians purchased 94% of the
assets, including 70% sold to Manitobans.
"Borland runs a very diverse operation and has an impeccable
maintenance program, resulting in a ton of interest for their
late-model equipment," said Sam
Webber, Territory Manager, Ritchie
Bros.
"We don't think anyone could do a better job than Ritchie Bros. in creating demand for our
equipment," said Henry Borger,
President, Borland Construction.
"Ritchie Bros.' reputation attracted
thousands of bidders from around the globe and their online
platform enabled them to bid securely and efficiently. The
knowledge and assistance from Ritchie
Bros.' representatives were invaluable. They provide all the
key ingredients—bidders, information, and process—for a competitive
auction that maximizes returns."
Ten Big Sellers – Top Selling
Items
- 2018 Caterpillar 988K wheel
loader – CA$665,000 (US$510,454) –
sold in Winnipeg, MB
- 2018 Caterpillar 973K crawler
loader – CA$610,000 (US$468,236) –
sold in Winnipeg, MB
- 2016 Wirtgen WR240I wheel soil stabilizer – CA$605,000
(US$464,398) – sold in Winnipeg, MB
- 2013 ELRUS mobile control van – CA$480,000 (US$368,448) – sold in Winnipeg, MB
- 2019 Gomaco GT3600 curb & gutter machine – CA$340,000
(US$261,290) – sold in Toronto, ON
- 2021 International HV607 SBA plow truck – CA$270,000
(US$207,495) – sold in Toronto, ON
- 2021 Mack AN64 Anthem 6x4 dump truck – CA$240,000 (US$184,224) – sold in Winnipeg, MB
- 2021 John Deere 550K dozer –
CA$182,500 (US$140,251) – sold in
Toronto, ON
- 2019 Volvo VNL twin-axle truck tractor – CA$177,500
(US$136,409) – sold in Toronto, ON
- 2019 Peterbilt 567 twin-axle truck tractor – CA$152,500
(US$117,196) – sold in Toronto, ON
Auction
|
Toronto, ON (May 10
– 12, 2022)
|
Winnipeg, MB (May 11
– 12, 2022)
|
Gross Transaction
Value
|
CA$71+ million (US$54+
million)
|
CA$31+ million (US$24+
million)
|
Items Sold
|
4,200+
|
2,190
|
Bidders
|
7,950+
|
3,950+
|
Consignors
|
730+
|
1
|
Ritchie Bros. has dozens of
upcoming events on its auction calendar at rbauction.com, including
a Montreal auction on May 18 – 20 with 3,000+ items, a B.C. Regional
Event on May 24 – 25 with 2,100+
items, and an Atlantic Canada Regional Event on May 26 with 500+ items. The company also
sells items weekly through its online marketplaces at
IronPlanet.com, GovPlanet.com, Marketplace-E, and Ritchie List.
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.
View original
content:https://www.prnewswire.com/news-releases/ritchie-bros-sells-ca102-million-of-equipment-in-largest-ever-auctions-in-ontario--manitoba-301547721.html
SOURCE Ritchie Bros.