With billions of dollars of equipment transacting via multiple sales channels each year, Ritchie Bros. has the data and in-house expertise to provide insight into industry trends. The company shares these insights via its Market Trends module within its Ritchie Bros.
Ritchie Bros. put on another big auction in Fort Worth, selling more than 5,200 equipment items and trucks over two days for more than $68 million.
More than 11,300 bidders from 72 countries registered for the Sept. 29 to 30 auction, which was conducted entirely online due to COVID-19.
During the last week in August, in Houston, Ritchie Bros. sold more than 5,300 equipment items and trucks for more than $57 million, setting new site records for total gross transactional value for an August auction and total number of registered bidders.
In just one month, Ritchie Bros. sold more than 4,500 truck tractors in the United States — up 23 percent from the same time period last year.
More than 5,500 trucks were sold globally during the same time period, which also is a new company record — up approximately 10 percent from the previous record set in December 2019.
In the first half of 2020, Ritchie Bros. attracted 73 million visits to its various web platforms, so it should come as no surprise that the company has sold more than $1 billion of equipment through its online marketplaces over the past year (August 2019 to July 2020).
With the massive economic impact of COVID-19, the need for full food banks is more important than ever and asset management and Ritchie Bros. has stepped up to help.
Over the past several weeks, Ritchie Bros. has made $187,500 in donations to 52 different food banks around the world, including organizations in United States, Canada, Australia, India, Japan, Spain, Germany, Italy, France, the Netherlands and the United Kingdom.
In June, Ritchie Bros. Auctioneers helped customers all around the world buy and sell thousands of used equipment items and trucks. With COVID-19 affecting everyone's lives and businesses, live auctions continue to be conducted 100 percent online in order to help keep everyone safe.
Ritchie Bros. is now sharing the insight it has into industry trends via its Market Trends module within its Ritchie Bros. Asset Solutions suite of tools, allowing customers, investors and analysts to better understand the strength of an asset class through in-depth analysis of Ritchie Bros.
Ritchie Bros. recently conducted its first-ever online-only auction in Mexico, at its site in Polotitlán.
Traditionally the site sees more than 80 percent of its bidders participating in person, so this was a big challenge for the company —and it succeeded.
The online strength and global network of Ritchie Bros. was on full display as the company set a new record, selling 35,000+ equipment items and trucks in 29 online auctions across five countries in just five days — making it the busiest week ever in the company's 60+-year history.
Ritchie Bros. is set to have its biggest week ever, selling 35,000+ equipment items in 29 auctions across the United States, Canada, France, Germany and Australia.
In just five days (June 22 to 26) the company will sell 3,800+ truck tractors, 900+ excavators, 600+ wheel loaders, 350+ dozers, and so much more across its three main selling solutions: Ritchie Bros.