In 2017, Ritchie Bros. sold a total of 37,000+ items for CA$553+
million through its Edmonton
site
EDMONTON, Dec. 11, 2017
/PRNewswire/ - With its sixth and final Edmonton auction of the year last week,
Ritchie Bros. sold 4,500+ equipment items and trucks for CA$66+
million (US$52+ million), bringing the site's 2017 total to 37,000+
items sold for CA$553+ million (US$421+
million).
More than 7,850 bidders registered to participate in last week's
(December 7 – 8) Edmonton auction, including 5,850+ online
bidders. Approximately 89 percent of the equipment in the auction
was sold to Canadian buyers, with bidders from Alberta (58%), British Columbia (12%), and Saskatchewan (9%) being the biggest Canadian
participants, while international buyers from countries such as
Egypt, Poland, and Hong
Kong purchased 11 percent of the equipment. More than 71
percent of the equipment in the auction was sold to online
buyers.
"Online and onsite bidders were eager to snatch up equipment for
winter work, resulting in strong pricing both days of the auction
last week," said Trent Vandenberghe,
Sales Director, Ritchie Bros. "We continue to see relatively tight
equipment supply as many companies are hanging on to surplus
equipment in anticipation of upcoming projects. This continues to
result in higher demand at our auctions and an uptick in pricing
across many equipment categories."
Equipment in the December auction was sold for close to 700
owners, including 35 items for the Alberta-based, family-owned, oilfield
transportation company Calnash Trucking Ltd., in business for 45
years.
"Ritchie Bros. is a first-class company to deal with," said
Kevin Nashim, President of Calnash
Trucking. "Their auctions are well-organized, their advertising
gets you top dollar for your equipment, and they're just good
people to work with."
Auction quick facts: Edmonton,
AB (December 2017)
- Gross transactional value – CA$66+ million (US$52+
million)
- Amount sold to online bidders – CA$47+ million (US$37+
million)
- Total registered bidders (onsite and online) –
7,850+
- Online registered bidders – 5,850+
- Number of lots sold – 4,500+
- Number of sellers – 698
2017 EDMONTON, AB
TOTALS
- Total gross transactional value – CA$553+ million
(US$421+ million)
- Amount sold to online bidders – CA$342+ million (US$262+
million)
- Total registered bidders (onsite and online) –
56,100+
- Online registered bidders – 40,200+
- Number of lots sold – 37,000+
"We helped tens of thousands of customers through our
Edmonton auction site in 2017,"
said Mr. Vandenberghe. "From everyone at Ritchie Bros., we would
like to thank you for your patronage and look forward to seeing you
again in 2018."
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 multitude 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 its
exclusive IronClad Assurance® equipment condition
certification; Marketplacee, an online
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 also offers sector-specific solutions including
GovPlanet, TruckPlanet, Kruse Energy Auctioneers, and
Cat® auctions, plus equipment financing and leasing
through Ritchie Bros. Financial Services. For more information
about the unprecedented choice provided by Ritchie Bros., visit
RitchieBros.com.
Photos and video for embedding in media stories are
available at rbauction.com/media.
SOURCE Ritchie Bros. Auctioneers