The five-day auction attracted 21,000+ bidders from 50 countries
to compete for 12,000+ items
EDMONTON, AB, May 1, 2023
/PRNewswire/ - Last week Ritchie
Bros. conducted its largest Canadian auction of the year,
selling 12,000+ equipment items and vehicles over five days,
generating CA$225+ million (US$164+ million) in gross transaction
value.
The April 24 – 28, 2023 online and
onsite auction attracted more than 21,000 bidders from 50
countries, with approximately 93% of the equipment selling to
Canadians, including 59% purchased by Albertans. The remaining 7%
of the equipment was purchased by international buyers from as far
away as Chile, Egypt, and Romania.
"Our April Edmonton event once again delivered a huge selection
of equipment with something for everyone, including lots of
late-model, low-hour gear coming off recently completed jobs and
ready to go to work for new owners," said Blair Gogowich, Regional Sales Manager,
Ritchie Bros. "For buyers who were
unable to get the equipment they were looking for, we have a ton of
upcoming buying opportunities in the next few months, including our
next Edmonton sale in June."
Mr. Gogowich continued, "On top of the 12,000+ equipment items,
we also sold five VIP parking stalls at our site for charity,
raising $72,500 for the Make-a-Wish
Foundation, which will help grant wishes for seven children. This
is our fifth and most successful year of running this fundraiser,
raising a total of $157,650 over that
time."
More than 1,400 owners sold equipment in the Edmonton auction, including Precision
Contractors, who sold three 2015 Caterpillar D6T dozers for a
combined CA$817,500 and two 2017 Caterpillar 815F compactors for
CA$505,000.
"Ritchie Bros.' team is upfront
and honest and treats us with the same respect we provide our
customers," said Frank Tremmel of
Precision Contractors. "They come prepared with data and industry
insights to show and educate customers, working with you on optimal
selling times and advising on how to get the best results on
auction day."
Big Sellers from Edmonton:
- 2020 Vermeer D220X300III directional drill – CA$825,000
- 2018 Caterpillar 374 FL VG hydraulic excavator – CA$610,000
- 2019 Western Star 4900SA w/ 2019 Custom vac on 8x6 hydro vac
truck – CA$540,000
- Two 2016 Volvo A40G FS articulated dump trucks – CA$467,500
each
- 2013 Tadano GT900XL-1 90-ton 8x4x4 hydraulic truck crane –
CA$440,000
AUCTION QUICK FACTS: EDMONTON, AB (APRIL
2023)
- Gross Transaction Value: CA$225+ million (US$164+
million)
- Items Sold: 12,000+
- Bidders: 21,000+
- Consignors: 1,400+
Ritchie Bros. has more than
75,000 equipment items and trucks in its upcoming auctions and
online marketplaces, including 4,700+ items selling in an Ontario
Regional Event on May 9 – 11; 1,100+
items selling in an Atlantic Canada Regional Event on May 15; and 1,100+ items selling in Lethbridge, AB on May
16. For a complete list of upcoming auctions and events,
including weekly IronPlanet auctions and Marketplace-E events,
visit rbauction.com/auctions.
About Ritchie Bros.
Ritchie Bros. (NYSE and TSX:
RBA), together with IAA Inc., is a trusted global marketplace for
insights, services, and transaction solutions for commercial assets
and vehicles. The company's selling channels include Ritchie Bros. Auctioneers, the world's largest
auctioneer of commercial assets and vehicles offering 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; 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. Additionally, leveraging leading-edge technology and
focusing on innovation, IAA's unique platform facilitates the
marketing and sale of total-loss, damaged and low-value vehicles.
IAA serves a global buyer base – located throughout over 170
countries – and a full spectrum of sellers, including insurers,
dealerships, fleet lease and rental car companies, and charitable
organizations. Buyers have access to multiple digital bidding and
buying channels, innovative vehicle merchandising, and efficient
evaluation services, enhancing the overall purchasing experience.
IAA offers sellers a comprehensive suite of services aimed at
maximizing vehicle value, reducing administrative costs, shortening
selling cycle time and delivering the highest economic returns. 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.