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Ritchie Bros. sets records at Toronto auction

Ritchie Bros. sets records at Toronto auction

TORONTO — Ritchie Bros. has announced it recently sold 4,300 pieces of equipment and vehicles in what was its largest ever Toronto auction.

The March 9 to 11 online event attracted 35 per cent more bidders year over year and achieved $49 million in gross transaction value.

Ritchie sold 320 truck tractors, 210 aerial work platforms, 120 compactors, 95 skid steers and 55 excavators. Sales highlights included a 2018 John Deere 380G excavator that sold for $315,000; a 2017 Mack GU813 granite dump truck that sold for $175,000; and a 2019 Kenworth T800 T/A sleeper heavy haul truck that sold for $143,500.

Records for the Toronto sale included $49 million in gross transaction value, 10,000 total registered bidders and 4,300 total lots.

There were 700 consignors.

“Following excellent recent results in Edmonton, Orlando and our Rocky Mountain Regional Auction, we continue to achieve strong pricing for consignors, regardless of auction type or location,” said Ryan Pottruff, regional sales manager for Ritchie Bros., in a release. “Last week’s record-breaking Toronto auction saw particularly strong price realization for transportation equipment, with Class 8, dump trucks and heavy haul trucks achieving incredible prices.

“Leading up to the sale we saw a ton of buzz online, with pageviews, watchlists and PriorityBids all up year over year.”

 

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