More than 41,400+ items were sold for CA$639+
million over six auctions in Edmonton this year
EDMONTON, Dec. 14, 2018 /CNW/ - Ritchie Bros. held its
sixth and final auction of the year in Edmonton this week, selling CA$82+ million
(US$62+ million) of equipment and trucks over three days, bringing
its 2018 total to 41,400+ items sold for CA$639+ million (US$491+
million)—up 15 percent from 2017.
The December 11 – 13, 2018 auction
attracted more than 9,350+ bidders from 50 countries, including
7,500+ people who registered to bid online. Approximately 87
percent of the equipment was sold to Canadian buyers, including 75
percent sold to Western Canadians. International buyers from such
countries as Malaysia,
Australia, and the United Kingdom purchased 13 percent. Online
buyers purchased approximately 66 percent of the assets
sold.
"2018 has been a year of changes and challenges for many of our
customers in Western Canada,
resulting in a lot of buying and selling activity," said
Brian Glenn, SVP, Head of Sales
Canada, Ritchie Bros. "This week in
Edmonton we witnessed pricing
pressure on oil & gas industry-specific assets as customers
across this sector are positioning themselves for fluctuating
activity levels heading into 2019. Meanwhile, core construction
assets continued to bring solid returns in a still-challenging
supply market. Forestry and highway transportation-related assets
also performed well this week, continuing a trend we've seen over
the last number of events in Western
Canada."
Mr. Glenn continued, "We would like to thank all the customers
who continue to put their trust in Ritchie
Bros. to deliver unmatched selection and our ability to
market and re-deploy their assets to buyers around the
world."
More than 760 owners sold equipment in the Edmonton December auction, including a
selection of late-model heavy construction equipment from
Richardson Bros. Olds Ltd., a heavy
civil service contractor based in Olds,
Alberta.
"Once again Ritchie Bros. did a
great job selling our equipment," said Frank Richardson of Richardson Bros. Olds Ltd. "We've been selling
with Ritchie Bros. for years and
keep coming back because the values they get us are better than
anything we're offered for trade ins. They have a really good
understanding of the market and their auctioneers always do their
best to get us every last bid."
Auction quick facts: Edmonton,
AB (December 2018)
- Gross transactional value – CA$82+ million (US$62+
million)
- Amount sold to online bidders – CA$54+ million (US$41+
million)
- Total registered bidders (onsite and online) –
9,350+
- Online registered bidders – 7,500+
- Number of lots sold – 5,000+
- Number of sellers – 760+
2018 EDMONTON, AB
TOTALS
- Total gross transactional value – CA$639+ million
(US$491+ million)
- Amount sold to online bidders – CA$407+ million (US$310+
million)
- Total registered bidders (onsite and online) –
60,500+
- Online registered bidders – 45,350+
- Number of lots sold – 41,400+
Ritchie Bros. currently has more
than 40,000 equipment items, trucks, and other assets listed for
sale in its upcoming onsite unreserved auctions, IronPlanet weekly
online auctions, Marketplace-E and its other marketplaces. For a
complete list of upcoming auctions and equipment available, visit
rbauction.com and ironplanet.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 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; Marketplace-E,
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.
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SOURCE Ritchie Bros.
Auctioneers