The company sold US$348+ million of equipment in Fort Worth this year; its Edmonton site sold US$437+ million in 2020
FORT WORTH, Texas, Dec. 10, 2020 /PRNewswire/ - This week
Ritchie Bros. held its final
auctions of the year at two of its largest auction sites:
Edmonton, AB and Fort Worth, TX. Over three days the
Edmonton team sold 5,500+
equipment items for US$41 million
(CA$53 million), while Ritchie
Bros.' Fort Worth team sold
US$69+ million of equipment in just two days. Both auctions were
conducted 100% online due to COVID-19.
"Online demand continues to be strong, resulting in record
bidder registrations and solid pricing across most equipment
categories," said Kari Taylor,
President, North America Sales, Ritchie
Bros. "We would like to thank the thousands of buyers and
sellers who have participated in Fort
Worth and Edmonton auctions
in 2020. A lot has changed, but thanks to our investments in
technology, we continue to deliver certainty in uncertain times.
Just this year we registered more than 54,000 bidders for our
Fort Worth auctions, which is up
64 percent year over year."
The final Fort Worth auction,
on December 8 – 9, attracted 11,700+
bidders, which is up 40 percent from the same auction last year. In
total, the Fort Worth site
attracted 54,000+ bidders over five auctions in 2020, up 63 percent
from 2019. Approximately 39 percent of the equipment sold this week
in Fort Worth was purchased by
Texas buyers, while out-of-state
and international buyers from as far away as Australia, Egypt, and the United Kingdom purchased the remaining 61
percent.
In its final auction of 2020, Ritchie
Bros.' Edmonton site
registered 14,500+ bidders from 60 countries. Approximately 94
percent of the equipment sold in this week's Edmonton auction was sold to Canadians, with
56 percent purchased by Albertans, while international buyers from
as far away as India, Peru, and Poland purchased six percent of the
equipment.
"Our Alberta and Texas markets are major sources of equipment
and trucks across North America
and the globe," said Doug Olive,
Senior Vice President, Pricing. "More than 70 percent of all dozers
sold in Canada were sold in
Alberta. In 2020 alone,
Edmonton sold 540 excavators for
$52 million! Meanwhile, Fort Worth
sells an unbelievable amount of trucks auction after auction. This
year, we sold close to 2,700 truck tractors for $71 million in Fort
Worth."
With both auctions 100% online, traffic to Ritchie Bros. websites was also impressive. The
Edmonton webpage received 496,000+
unique pageviews, with 59,000+ additions to customer equipment
watchlists, and 11,000+ PriorityBids. The Fort Worth webpage saw 650,000+ unique
pageviews, with 66,000+ watchlist adds, and 23,000+
PriorityBids.
AUCTION QUICK
FACTS
|
Edmonton, AB:
December 7 – 9
|
Fort Worth, TX:
December 8 - 9
|
Gross transaction
value (GTV)
|
US$41 million (CA$53
million)
|
US$69+
million
|
Total Registered
Bidders
|
14,500+
bidders
|
11,700+
bidders
|
Number of items
sold
|
5,500+
|
5,000+
|
Number of
consignors
|
770+
|
700+
|
Ritchie Bros. has 18 auction
events left in 2020. For more information about these events and
available equipment, 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, oil
and gas, mining, and forestry, the company's selling channels
include: Ritchie
Bros. Auctioneers, the world's largest industrial
auctioneer offers live auction events with online bidding;
IronPlanet, an online marketplace with featured weekly auctions and
providing the exclusive IronClad Assurance® equipment
condition certification; Marketplace-E, acontrolled marketplace
offering multiple price and timing options; Mascus, a
leading European online equipment listing service; and Ritchie Bros. Private Treaty, offering privately
negotiated sales. The company's suite of multichannel sales
solutions also includes RB Asset Solutions, a complete end-to-end
asset management and disposition system. Ritchie Bros. also offers sector-specific
solutions including GovPlanet, TruckPlanet, and Kruse
Energy, 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.