Consignments are steadily rolling in and traffic to the Ritchie Bros. website is building rapidly in anticipation of the company's annual auction. Bidders from 105 countries have already completed nearly 300,000 searches for equipment selling in Orlando, while overall traffic to Ritchie Bros.' Orlando web pages is up 48 percent year over year.
"Bidder registrations and web traffic are both up from the record levels we saw for Orlando last year, which bodes very well for our consignors," said Jake Lawson, senior vice president, sales, Ritchie Bros.
"We have equipment being sold for owners across the United States — 11,000 items and counting — but there's still room. It's not too late to get your equipment in too. Contact us today, as the more time we have to market your gear to the world, the better. We have a number of different contract options, including the option of selling virtually without transporting assets to our yard."
Over the past few years Ritchie Bros. has increased its investment on data analytics to improve its understanding of supply and demand dynamics in the used equipment market.
"Our machine learning-based mix adjusted price indices have shown stable pricing in Q4 in used U.S. construction equipment," said Ken Calhoon, vice president, data analytics, Ritchie Bros. "Additionally, the strength we are seeing in our proprietary buyer demand index and early bidder registration numbers — up 37 percent from last year — indicates that demand remains robust for construction equipment. This is in line with the growth we are seeing in U.S. public construction, up 12.4 percent YoY at the last reading, and the strongest growth since 2007."
Ritchie Bros. Orlando auction will be held over six days (Feb. 17 – 22), with equipment from more than 800 owners, including Ring Power, Kelly Tractor, Dozier Crane and more. Equipment highlights include 580+ excavators, 290+ skid steers, 250+ loaders, 210+ dozers, 120+ articulated dump trucks, 85+ cranes, 310+ aerial work platforms, 560+ truck tractors, 50+ farm tractors, and more. Top manufacturers include Caterpillar, Peterbilt, Freightliner, Kenworth and John Deere. All items will be sold without minimum bids or reserve prices.
Bids in the auction can be made via PriorityBid days ahead of the auction, online through Ritchie Bros. mobile application, in person at the auction site, or online in real time at rbauction.com.
DAY ONE – Monday, Feb. 17: loader backhoes, multi-terrain and skid steer loaders, skip loaders, telescopic forklifts, rough-terrain forklifts, standard forklifts, boom Lifts, scissor lifts, light towers and more.
DAY TWO – Tuesday, Feb. 18: wheel loaders, wheel dozers, farm tractors, sprayers, spreaders, combines, trenchers, directional drills, boring machines, log loaders, feller bunchers, skidders, mulchers, horizontal grinders, chippers, air compressors, heavy gen sets, industrial gen sets and more.
DAY THREE – Wednesday, Feb. 19: crawler tractors, crawler loaders, cranes, pipelayers, compaction equipment, aggregate equipment, paving equipment, concrete batch plants, concrete pumps and more.
DAY FOUR – Thursday, Feb. 20: motor scrapers, motor graders, articulated dump trucks, rock trucks, vocational trucks, automobiles, sports utility vehicles, motorcycles, pickups and more.
DAY FIVE – Friday, Feb. 21: excavators, boom trucks, bucket trucks, digger derrick trucks, water trucks, material handlers, buses, emergency vehicles, motor homes, cab & chassis and more.
DAY SIX – Saturday, Feb. 22: truck tractors, heavy haul trucks, winch tractors, bed trucks, tow trucks, reefer trucks, trailers, boats, airplanes and more.
Note: Most days, Ritchie Bros. will be selling items in three, simultaneously running auction rings. Plan ahead, as equipment you wish to bid on may be sold in separate locations onsite.
For more information, call 866/559-9291or visit rbauction.com/Orlando2020.