Record Truck and Equipment Pricing Pushes Ritchie Bros. Orlando Auction Over US$45 Million
Ritchie Bros. conducted its final Orlando, FL auction of the year last week, selling more than 3,300 equipment items and trucks for 375+ consignors, generating US$45+ million in gross transaction value.
The November 17-18, 2021 online auction attracted 10,400+ bidders from 59 countries. Approximately 93% of the equipment was sold to U.S. buyers, including 35% sold to Floridians, while the remaining 7% was purchased by international buyers from as far away as Vietnam, Peru and Poland. Leading up to the auction, Ritchie Bros. saw a 50% increase in online equipment views.
“We continue to drive record demand — with bidder registrations up 37% year over year for this auction — resulting in very strong returns for our consignors and growth in GTV,” said Thomas Ferguson, regional sales manager, Ritchie Bros. “Truck prices have reached unprecedented levels in particular this year. According to our November Market Trends Report, truck tractor prices are up 45% year over year in the United States (for the 3 months ending Oct. 31, 2021). If you have surplus trucks and equipment, contact us today to take advantage of a very hot market, selling through one of our site auctions, weekly featured events, Marketplace-E or Ritchie List.”
Ferguson continued, “We would like to thank all the consignors and buyers who participated in our Orlando auctions in 2021. We look forward to seeing customers in person for our live onsite sale on February 21-26, 2022. This is our premier global auction each year and the 2022 event should not be missed.”
Five Big Sellers from Orlando:
- 2018 Wirtgen W200I crawler cold planer – US$420,000
- Three 2019 Caterpillar 730 6×6 articulated dump trucks – US$325,000 each
- 2019 Caterpillar 336 hydraulic excavator – US$220,000
- 2017 Freightliner CA125SLP Cascadia sleeper truck tractor – US$112,000
- 2019 Volvo VNL760 sleeper truck tractor – US$105,000
AUCTION QUICK FACTS: ORLANDO, FL (NOVEMBER 2021)
- Gross Transaction Value (GTV): US$45+ million
- Total Registered Bidders: 10,400+
- Total Number of Lots: 3,300+
- Total Number of Consignors: 375+
Ritchie Bros. will sell more than 60,000 equipment items and trucks in its upcoming auctions and online marketplaces, including 3,200+ items selling in a Rocky Mountain Regional Event on December 1-2, 1,700+ items selling in a Southeast Regional Event on December 3 and 2,600+ items selling in Fort Worth on December 7-8.
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.
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