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Tag: Ritchie Bros.
Dealers
Ritchie Bros. breaks used forklift sales records thanks to online shopping increases
The November Used Equipment Market Trends Summary from Ritchie Bros. notes a record number of forklift and transport truck sales in online auctions. More here.
November 17, 2020
Dealers
Ritchie Bros. buys equipment data provider Rouse Services
Ritchie Bros. Auctioneers will acquire Rouse Services for approximately $275 million. âRouse offers a highly complementary suite of data and service products that will continue and accelerate our evolution from an auction company to a global, trusted marketplace and provider of services,â says Ann Fandozzi, Ritchie CEO. âRouse brings a strong reputation within the industrial equipment [âŚ]
October 30, 2020
Construction Equipment
Ritchie Bros. sets record in June for vocational truck sales
Ritchie Bros. says it set a record in vocational truck sales in June, selling 7,300 trucks for more than $118 million. Trucks in this category include van, flatbed, dump trucks, concrete mixers, pump and asphalt trucks. âPricing for vocational trucks in the United States, which accounted for 78 percent of all vocational truck sales in June, [âŚ]
September 4, 2020
Dealers
Ritchie: Equipment auction price trends continue moderate declines
While U.S. and Canadian used equipment values in general continue to be lower compared with the same period last year, the rate of decline remains moderate, says Ritchie Bros. in its August market trends report. In the three months ending in July, Ritchie says prices for used heavy equipment declined on whole around 2 percent, [âŚ]
August 12, 2020
Dealers
Ritchie Bros. CEO Fandozzi: Coronavirus has highlighted the blurred lines between online/live auctions
Amid the coronavirus pandemic and social distancing, the live and online equipment auction world are melding together. More from Fandozzi on Equipment World.
May 28, 2020
Dealers
Ritchie Bros. used equipment price index shows 4% decline
For the three months ending in April, prices for used heavy equipment declined around 4 percent compared to the same period in 2019, according to the May edition of Ritchie Bros. Used Equipment Market Trends Summary. This category includes excavators, dozers, loaders, articulated dump trucks, compactors, motor graders and backhoes. And prices for truck tractors [âŚ]
May 13, 2020
Dealers
Construction equipment auction companies switch to online-only during coronavirus, anticipate selling surge
Auction companies are preparing for a surge in heavy equipment sales by going to online-only operations during COVID-19. Details here on Equipment World.
April 15, 2020
Dealers
Ritchie Bros. creates Appraisal Services division, offers USPAP-compliant equipment appraisals
Auction giant Ritchie Bros. has formalized its appraisal services, and launched a new division, Ritchie Bros. Appraisal Services. âWe have been providing appraisal services for a while now, but weâre adding USPAP [Uniform Standards of Professional Appraisal Practice]-compliant appraisals to our menu and formally bundling all of these under a new Ritchie Bros. Appraisal Services [âŚ]
March 12, 2020
Dealers
Ritchie Bros. adds PriorityBid, allowing bids up to 7 days before an auction
Ritchie Bros.âs new PriorityBid allows users to bid up to seven days before an auction, giving them the ability to bid without attending the auction. Under PriorityBid, bidders can submit their maximum bid for a lot up to one week before the auction begins. Bids are binding and cannot be retracted. ProrityBids will close a [âŚ]
September 9, 2019
Construction Equipment
Stellar used equipment market softens ⌠a bit. Hereâs whatâs hot and whatâs not.
Although the used equipment market has been steady, it doesnât mean there wonât be softer prices ahead, especially compared with 12 months ago. âItâs still a strong market, even though itâs not as good as last year,â says Michael Cole with Cole Equipment, a used equipment dealer in Ada, Oklahoma. âThe low-hour machines will still [âŚ]
August 13, 2019
Dealers
Ritchie Bros.âs CEO to step down; search on for successor
Ritchie Bros. Auctioneers says that Ravi Saligram, CEO and board member, will step down effective October 1 after five years with the company. The company says it is now conducting âa thorough, thoughtful search for Raviâs successor,â and will consider both internal and external candidates. âOver the past five years, Ravi has led the transformation of [âŚ]
July 1, 2019
Construction Equipment
Ritchie Bros. developing voice assistant that searches auction listings for you
Imagine talking to your Google Home device, or Alexa or Siri and saying: âGet me the historical bid prices on a low-hours Cat 320 excavator and let me know 15 minutes before the next one comes up for bid at an online auction.â While you canât quite do that yet, Ritchie Bros. is beta testing [âŚ]
March 20, 2019
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