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Six-day Edmonton spring online auction sees CA$197+ million of equipment sold

by Ritchie Bros May 11, 2021 Auction Results Comments

Heavy equipment and trucks for sale at Ritchie Bros.

Record-setting 13,600+ items sold attracted 28,700+ bidders and 1.8+ million equipment views.

Ritchie Bros.’ operational prowess and online expertise were on full display last week in Alberta, as we sold a record-setting 13,600+ items over six days for CA$197+ million (US$162+ million). The May 3 – 8, 2021 auction attracted 28,700+ online bidders from 70+ countries—surpassing our previous company record, set in Edmonton last May, by 22 percent.

“Auction after auction we continue to drive record demand, and our Edmonton event proved that if you have equipment to sell, we have lots of eager buyers waiting,” said Trent Vandenberghe, Regional Sales Manger, Ritchie Bros. “We saw particularly strong pricing last week in Edmonton for earthmoving equipment, with skid steers, multi-terrain loaders, excavators, motor scrapers, and dozers leading the way. It’s a seller’s market right now and we have a ton of great consignment options available, with hybrid onsite/online auctions, weekly online featured events, and Marketplace-E.”

Heavy equipment and trucks for sale at Ritchie Bros.

Demand for equipment leads to big increases in online interest and activity

Approximately 92% of the equipment in the Edmonton May auction was sold to buyers in Canada, including 53% sold to Alberta, 15% to British Columbia, and 9% to Saskatchewan. The remaining 8% of the equipment was sold to International buyers from as far away as Belgium, Chile, India, and Thailand. With 100% online bidding, customers completed more than 1.8 million equipment views—up 64% from May 2020—and made 30,000+ PriorityBids in the Edmonton sale.

Top selling equipment highlights from Edmonton

Heavy equipment and trucks for sale at Ritchie Bros.

Five Big Sellers:

2013 Caterpillar 627H motor scraper (pictured above) – CA$475,000 (US$386,698)
2008 Sandvik CH440 Hydrocone cone crusher – CA$450,000 (US$366,345)
2014 Caterpillar D8T dozer – CA$440,000 (US$358,204)
2019 Vaderstad Seed Hawk 45-series 60-ft air drill – CA$420,000 (CA$341,922)
2014 Kenworth C500 T/A tri-drive w/ a National NBT45TM boom truck – CA$367,500 (US$299,182)

Equipment in the Edmonton online auction was sold for a record 1,750+ consignors, including 30 items for Calgary-based Mike Vail Trucking Ltd. “We like the hassle-free aspect of working with Ritchie Bros.,” said Michael Vail, Owner and General Manager of Mike Vail Trucking. “We make sure the equipment is work-ready, drop it off at the site, and Ritchie Bros. takes care of everything else. Typically, we sell in the Edmonton spring auction because bigger auctions draw more attention and this year was no different. We were very happy with the results.”

AUCTION QUICK FACTS: EDMONTON, AB (MAY 2021)

Gross Transaction Value (GTV): CA$197+ million (US$162+ million)
Total Registered Bidders: 28,700+ *NEW COMPANY RECORD
Total Number of Lots: 13,600+ *NEW COMPANY RECORD
Total Number of Consignors: 1750+ *NEW COMPANY RECORD

If you have used equipment or trucks to sell, talk to the experts at Ritchie Bros. We help thousands of customers sell safely and securely every year.

For more information, talk to your Ritchie Bros. representative.

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