Ritchie Bros. Announces Succession Plan for CEO Ravi Saligram

Ritchie Bros. to Feature CARB Regulated Equipment in Calif.

Mon September 03, 2007 - West Edition
CEG



New regulations passed by the California Air Resources Board (CARB) on July 26, 2007, are expected to impact most California-based equipment owners, including those participating in two Ritchie Bros. Auctioneers unreserved industrial auctions in California in the coming month.

Considered the toughest regulations of its kind in the United States, the new rules effectively require all off-road diesel-fueled equipment with engines greater than 25 hp (18.6 kW) to be retrofitted, re-powered or replaced if they are not in compliance with the new regulations. Approximately 180,000 pieces of equipment in California are affected, including construction equipment.

Ritchie Bros. conducted an unreserved public auction in Los Angeles on Aug. 28 and 29 and will hold an auction in Sacramento on Sept. 6 and 7.

The Sacramento site is located on 5500 County Road 99W, in Dunnigan, Calif.

“No one knows what the long-term impact of the regulations will be on the construction industry or on equipment values in California,” said Richard Aldersley, Ritchie Bros. regional manager. “But right now, California is probably the best place for out-of-state buyers to find good quality construction equipment. And for California buyers looking to upgrade their fleets to satisfy the new regulations, we’re selling a large selection of tier-compliant construction equipment at the auctions — and it all goes to the highest bidders, regardless of price.”

Among the more than 1,600 equipment items being sold in the Los Angeles auction are hydraulic excavators, wheel loaders, loader backhoes, motor scrapers, motor graders, crawler tractors, mixer trucks and a large selection of transportation equipment. The Sacramento auction is still three weeks away but already includes several hundred equipment items. Highlights include two 2006 Cat 623G motor scrapers, a number of late model wheel loaders, and a large selection of crushing equipment, including a 2007 Terex cone crusher.

“We conduct eight regular industrial auctions in California each year, attracting interested buyers from across North America as well as overseas, helping our consignors achieve global market value for their equipment assets,” said Aldersley.

“Owners can contact our sale sites to discuss having their equipment included in the Los Angeles or Sacramento auctions. We’ll be adding equipment right up until sale day.”

Like all Ritchie Bros. auctions, the Los Angeles and Sacramento auctions will be open to the public and completely unreserved — meaning everything sells to the highest bidder on auction day, regardless of price. There are no minimum bids or reserve prices. Everything is sold “as is, where is.” Registration is free.

For more information visit, www.rbauction.com.