Hot Week for Equipment Auctions
Ritchie Bros reported record-setting auction results for a 5-day auction in Orlando, Fla. that ended February 20, and a 2-day auction that ended February 26 in Edmonton, Alberta. The company moved more than 10,500 equipment items in Florida, followed by more than 4,600 items at the Canadian auction. The number of bidders, on-site and online, also posted records, suggesting ongoing interest and demand in used equipment.
Orlando attracted 9,350+ on-site and online bidders from 81 countries and generated $179+ million in gross auction proceeds, including a record $66+ million sold to online buyers, the company announced. The Edmonton site generated about $67 million (US), attracting more than 8,700 bidders from 43 countries. More and more people are willing to bid and buy online, based on the company's stats, which showed more than 5,000 online bidders involved in both auctions.
The record-setting selection of equipment in the Orlando auction included 500+ compactors, 450+ excavators, 270+ wheel loaders, 240 crawler tractors and 310 truck tractors. The Canadian auction had a somewhat different mix, with 130+ excavators, 75+ truck tractors, 55+ crawler tractors, 40+ boom trucks and 30+ wheel loaders, according to the company.
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