Strong sales in Phoenix and Houston continue in February for Ritchie Bros.

Over US$114 million worth of equipment and trucks sold between Phoenix and Houston February Auctions

VANCOUVER, BC, February 22, 2022 /PRNewswire/ – Last week Ritchie Bros.. continued its big auction season, selling over 7,400 items across two events – a US$59 million record Phoenix auction and a US$55 million Houston auction. All assets were sold 100% online.

At February 17 – 18 years old, Ritchie Bros.. held a two-day unqualified auction at Phoenix which broke site records for GTV and auction listings. Over 10,000 customers registered to bid on over 2,400 items of equipment sold. About 96% of the equipment was purchased by US buyers, while international buyers picked up the remaining 4%.

“This was an exciting auction with non-stop customers in our yard checking out equipment before the sale and a record number of online bidders during the sale, all driving record price levels” , said Ivan Molina Carrilloregional sales manager, Ritchie Bros.. “With the market continuing to experience inventory constraints and extended wait times for new products, Ritchie Bros.. is the only place where you can buy very late model unused equipment and have it delivered to you the same day. It was a big event for our sellers who got price realization, and for buyers who need assets right away.”

Specific highlights of the Phoenix the auction included over 345 assets, including over 90 late-model Simple 18 dump trucks, plus +45 late-model Peterbilt truck tractors, for Heritage Trucking, Inc.

“No one could have done the job Ritchie Bros.. did. They made it easy,” said Peter Tode, CEO and Founder of Heritage Trucking, Inc. “I tell everyone Ritchie Bros.. is the gold standard in the business.”

At February 15 – 17, the company sold just under 5,000 pieces of sound equipment Houston auction site, attracting over 15,800 bidders from 62 countries. Approximately 90% of the auction items were sold to US buyers, with 46% purchased by Texas buyers and six percent of buyers in California. The remaining 10% were sold to international buyers as far away as Chile, Russiaand the UK.

“Our auction last week at Houston easily exceeded our expectations, with record listings and lots of activity on the auction site,” said Chuck Robersonregional sales manager, Ritchie Bros.. “Clearly the momentum we saw last quarter is still going strong. Customers are particularly responding to us by adding a third day to the event for Timed Auction items. This gives them more time to bid and more time to get the assets they need.”

Both auctions were part of what should be a big February for Ritchie Bros.. The company recently introduced new technology to enhance customers’ online auction experience and is currently hosting its first global equipment auction from February 21-26 in Orlando, Florida. Over 11,000 items will be sold to buyers around the world at this global gear event. It’s not too late to join the action and get the equipment and trucks you need. Each item sells to the highest bidder, regardless of price.

  • the 21st of February Day 1: Skid Steer Loaders, Backhoes, Telescopic Forklifts and Boom Lifts (completed)
  • February 22 Day 2: wheel loaders, graders, farm tractors, trenchers and drills
  • February 23 Day 3: Rollers, crawlers, cranes, screens, crushers and pavers
  • February 24 Day 4: Hydraulic Excavators, Midi Excavators, Mini Excavators
  • February 25 Day 5: Road tractors, tank trucks, mixer trucks, dump trucks, truck mechanics
  • February 26 Day 6: bucket trucks, rolloff and rollback trucks, flatbed trucks and Box trucks

For more information on the full equipment list and schedule, visit rbauction.com/Orlando2022. For information on Ritchie Bros.., including more upcoming auctions, detailed equipment information, and more, visit RitchieBros.com.

On Ritchie Bros..:
Created in 1958, Ritchie Bros.. (TSX: RBA) (NYSE: RBA) and is a global asset management and disposal company, providing clients with end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transport, agriculture, energy, mining and forestry, the company’s sales channels include: Ritchie Bros.. Auctioneersthe world’s largest industrial auctioneer offering live auction events with online bidding; iron planetan online market offering weekly auctions and offering exclusivity battleship Assurance(R) equipment condition certification; Marketplace-Ea controlled marketplace offering multiple price and timeframe options; Ritchie Lista self-service registration service for North America; MascusEuropean leader in online equipment referencing; Private treaty Ritchie Bros., offering negotiated over-the-counter sales; and industry solutions GovPlanet, TruckPlanetand Kruse Energy. The Company’s solution suite also includes Ritchie Bros.. Asset Solutions and Ruse Services LLCwhich together provide a comprehensive end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartTeam, an innovative technology platform that supports customer lifecycle management of equipment and integrates parts procurement from OEMs and dealers; as well as the financing and leasing of equipment by Ritchie Bros.. Financial services. For more information on Ritchie Bros.., to visit RitchieBros.com.

Photos and video for inclusion in media reports are available at rbauction.com/media.

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