More than 4,200 items were sold for 800+ consignors in the
May 11 – 13 online Toronto auction
TORONTO, May 17, 2021 /CNW/ - After a CA$49-million
auction in March, Ritchie Bros.'
Ontario team set right back to
work, building their May auction into another record-breaker. Last
week the company sold 4,200+ items in Toronto for CA$53+ million (US$44+ million),
making it the company's new largest-ever auction in
Ontario.
"We built some great momentum out of our record-breaking March
sale, which resulted in some fantastic packages of trucks and
equipment consigned to this auction," said John Glenn, Regional Sales Manager, Ritchie Bros. "Current market conditions, and
our ability to drive demand, have resulted in buyers paying a
premium for equipment and trucks right now, especially hydraulic
excavators, wheel loaders, truck tractors, reefer trailers, and dry
vans. We encourage sellers to take advantage of the hot
market—contact us to consign today!"
More than 9,200 online bidders from 67 countries registered for
the May 11 – 13 Toronto auction.
Approximately 89 percent of the assets were sold to Canadians,
including 65% sold to Ontario
buyers, while the remaining 11 percent was sold to buyers from as
far away as Australia,
Ecuador, Poland, and the
Philippines. Interested buyers conducted more than 393,000
equipment views online, which is up 78% compared to the
May 2020 Toronto auction.
FIVE BIG SELLERS:
- 2016 Caterpillar 982M wheel
loader – CA$390,000 (US$322,530)
- 2005 John Deere 800C hydraulic excavator – CA$260,000
(US$215,020)
- 2016 Caterpillar 745C 6x6 articulated dump truck – CA$202,500
(US$167,468)
- 2006 Grove RT890E 90-ton 4x4x4 rough terrain crane – CA$200,000
(US$165,400)
- 2015 Freightliner FL108SD T/A plow/sander truck – CA$180,000
(US$148,860)
"We've been buying and selling with Ritchie Bros. for 25 to 30 years—their team is
always punctual, knowledgeable, and helpful," said Joe Mangiardi, President of Melrose Paving
Company Ltd., based in Mississauga,
ON. "We sold 10 plow trucks in Toronto last week and we were happy with the
results. Bidding online is easy and convenient, but I still like to
inspect, touch, and feel the equipment before I buy, so it's great
Ritchie Bros. still helps facilitate
in-person inspection—it's great for buyers and sellers."
AUCTION QUICK FACTS: TORONTO,
ON (MAY 2021)
- Gross Transaction Value (GTV): CA$53+ million (US$44+ million)
*NEW ONTARIO RECORD
- Total Registered Bidders: 9,200+
- Total Number of Lots: 4,200+
- Total Number of Consignors: 800+ *NEW ONTARIO RECORD
Ritchie Bros. will sell more than
50,000 equipment items and trucks in its upcoming auctions,
including a two-day Chilliwack, BC
auction on May 25 – 26; a
Montreal, QC auction on
May 26 – 27; and a Saskatoon, SK auction on June 8 – 9. The company also has weekly featured
online auctions at IronPlanet.com and a daily reserved option with
Marketplace-E.
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, a controlled 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 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. 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.
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SOURCE Ritchie Bros.