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Ritchie Bros. passes $5 billion in online sales

Posted By Lauren Heartsill Dowdle On November 2, 2011 @ 10:03 am In Construction News | No Comments

[1]Ritchie Bros. Auctioneers exceeded $5 billion of online equipment sales in the fourth quarter of 2011. Ritchie Bros., rbauction.com [2], hit this milestone on Oct. 6 at an unreserved public auction at its site in Hartford, Connecticut.

Close to 50 percent of the people bidding at Ritchie Bros. auctions participate online in real time; the others participate in person at the auction site.

In April 2010, Ritchie Bros. launched a new 21-language website at the Bauma trade show in Germany. The new rbauction.com [3] features current inventory and equipment search [4] in 21 languages, auction results in 14 languages and live online bidding in seven languages.

Facts about online bidding at Ritchie Bros.

Amount sold online (2002 – 2011): $5+ billion

Amount sold online (January – October 2011): $880 million

Registered bidders – total (January – October 2011): 318,000

Registered bidders – online (January – October 2011): 152,000 (48%)

Amount sold online (2010): $830 million

Registered bidders – total (2010): 343,000

Registered bidders – online (2010): 146,000 (43%)

Online bidding introduced: 2002

See a behind-the-scenes look at the Ritchie Bros. online bidding service by visiting youtu.be/XUP4nBAyyr8 [5].


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URL to article: http://www.equipmentworld.com/ritchie-bros-passes-5-billion-in-online-sales/

URLs in this post:

[1] Image: http://www.equipmentworld.com/files/2011/11/Ritchie-Bros..jpg

[2] rbauction.com: http://www.rbauction.com

[3] rbauction.com: http://rbauction.com

[4] current inventory and equipment search: http://www.rbauction.com/industrial-equipment-en_US?utm_medium=pr

[5] youtu.be/XUP4nBAyyr8: http://youtu.be/XUP4nBAyyr8

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