US$58+ million Fort Worth auction showcases strong used equipment and truck pricing at Ritchie Bros.

Rhea-AI Summary

Ritchie Bros. conducted a successful online auction in Fort Worth, attracting over 12,400 bidders from 60+ countries, generating a Gross Transaction Value (GTV) of US$58+ million. The auction, held from December 7-9, featured over 4,000 items, with 93% sold to U.S. buyers. Used equipment prices remain strong, reflecting robust demand in construction and transportation sectors. Ritchie Bros. had five successful online auctions in 2021, yielding over US$315 million in sales.

Positive

• Strong demand with 12,400+ registered bidders in December auction.
• Gross Transaction Value (GTV) of US$58+ million from the auction.
• 93% of items purchased by U.S. buyers indicating a healthy domestic market.
• Total sales exceeded US$315 million across five auctions in 2021.

Negative

• None.

December online auction attracts 12,400+ bidders from 60+ countries to bid on 4,000+ items

FORT WORTH, Texas, Dec. 13, 2021 /PRNewswire/ - Ritchie Bros. continues to attract record demand in Texas, with 12,400+ bidders registered for its latest US$58+ million used equipment and truck auction in Fort Worth.

Approximately 93% of the items in the December 7 – 9 online auction was purchased by U.S. buyers, including 39% sold to Texans. The remaining 7% was purchased by international buyers from as far away as Germany, Peru, and the United Arab Emirates. Leading up to the auction, online equipment views per lot were up 51% year over year.

"Used equipment and truck pricing is incredibly strong right now," said Neal Black, Regional Sales Manager, Ritchie Bros. "Our Fort Worth auction last week continued the trend we are seeing across all our auctions and marketplaces right now, with used construction and transportation assets attracting unprecedented demand. If you want to sell or need assets before the end of the year, please contact us today!"

Ritchie Bros. conducted five online auctions from its Fort Worth site in 2021, registering 65,000+ bidders and selling 22,000+ items for more than US$315 million.

"Thank you to everyone who has sold or participated in our Fort Worth auctions this year," added Mr. Black. "We greatly appreciate your trust and are excited for new opportunities to help your businesses in 2022."

Five Big Sellers from Fort Worth in December:

• 2019 Peterbilt 389 day cab heavy haul truck – US$262,500
• 2020 Komatsu D65EXI-18 crawler tractor – US$250,000
• 2007 Grove GMK5130-1 165-ton 10x8x10 all-terrain crane – US$235,000
• Two 2013 Caterpillar 740B 6x6 articulated dump trucks – US$200,000 each
• 2013 Kenworth T800W day cab heavy haul truck – US$105,000

AUCTION QUICK FACTS: FORT WORTH (DECEMBER 2021)

• Gross Transaction Value (GTV): US$58+ million
• Total Registered Bidders: 12,400+
• Total Number of Lots: 4,000+
• Total Number of Consignors: 680+

Ritchie Bros. will sell more than 40,000 equipment items and trucks in its upcoming auctions and online marketplaces, including a Northeast Regional Event on December 14 – 16 with close to 5,000 items and a Great Lakes Regional Event on December 16 – 17 with 4,000+ items.

The company also has weekly featured online auctions at IronPlanet; a daily reserved option with Marketplace-E; and a brand new equipment listing service called Ritchie List, with more than 40,000+ items already listed.

About Ritchie Bros.:

Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, mining, and forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer offering live auction events with online bidding; IronPlanet, an online marketplace with weekly featured auctions and providing the exclusive IronClad Assurance® equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; Ritchie List, a self-serve listing service for North America; Mascus, a leading European online equipment listing service; Ritchie Bros. Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Kruse Energy. The Company's suite of solutions also includes Ritchie Bros. Asset Solutions and Rouse Services LLC, which together provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both OEMs and dealers; plus equipment financing and leasing through Ritchie Bros. Financial Services. For more information about Ritchie Bros., visit RitchieBros.com.

Photos and video for embedding in media stories are available at rbauction.com/media. 

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SOURCE Ritchie Bros.

FAQ

What were the results of Ritchie Bros. auction in December 2021?

The December 2021 auction yielded a Gross Transaction Value of US$58+ million, attracting over 12,400 bidders.

How many items were sold at the Ritchie Bros. December auction?

Over 4,000 items were sold during the Ritchie Bros. auction in December 2021.

What percentage of items were sold to U.S. buyers at the auction?

Approximately 93% of the items were purchased by U.S. buyers, with 39% of those sold to Texans.

What is the Gross Transaction Value (GTV) for Ritchie Bros. December auction?

The Gross Transaction Value (GTV) for the December auction was US$58+ million.

How many bidders participated in the Ritchie Bros. auction?

The auction attracted over 12,400 bidders from more than 60 countries.