Ritchie Bros. Sells CA$225+ Million of Equipment and Vehicles in April Edmonton Event

Last week Ritchie Bros. conducted its largest Canadian auction of the year, selling 12,000+ equipment items and vehicles over five days, generating CA$225+ million (US$164+ million) in gross transaction value. 

The April 24 – 28, 2023 online and onsite auction attracted more than 21,000 bidders from 50 countries, with approximately 93% of the equipment selling to Canadians, including 59% purchased by Albertans. The remaining 7% of the equipment was purchased by international buyers from as far away as Chile, Egypt, and Romania.

“Our April Edmonton event once again delivered a huge selection of equipment with something for everyone, including lots of late-model, low-hour gear coming off recently completed jobs and ready to go to work for new owners,” said Blair Gogowich, regional sales manager, Ritchie Bros. “For buyers who were unable to get the equipment they were looking for, we have a ton of upcoming buying opportunities in the next few months, including our next Edmonton sale in June.”

Gogowich continued, “On top of the 12,000+ equipment items, we also sold five VIP parking stalls at our site for charity, raising $72,500 for the Make-a-Wish Foundation, which will help grant wishes for seven children. This is our fifth and most successful year of running this fundraiser, raising a total of $157,650 over that time.”

More than 1,400 owners sold equipment in the Edmonton auction, including Precision Contractors, who sold three 2015 Caterpillar D6T dozers for a combined CA$817,500 and two 2017 Caterpillar 815F compactors for CA$505,000.

“Ritchie Bros.’ team is upfront and honest and treats us with the same respect we provide our customers,” said Frank Tremmel of Precision Contractors. “They come prepared with data and industry insights to show and educate customers, working with you on optimal selling times and advising on how to get the best results on auction day.”

Big Sellers from Edmonton:

  • 2020 Vermeer D220X300III directional drill – CA$825,000
  • 2018 Caterpillar 374 FL VG hydraulic excavator – CA$610,000
  • 2019 Western Star 4900SA w/ 2019 Custom vac on 8×6 hydro vac truck – CA$540,000
  • Two 2016 Volvo A40G FS articulated dump trucks – CA$467,500 each
  • 2013 Tadano GT900XL-1 90-ton 8x4x4 hydraulic truck crane – CA$440,000

AUCTION QUICK FACTS: EDMONTON, AB (APRIL 2023)

  • Gross Transaction Value: CA$225+ million (US$164+ million)
  • Items Sold: 12,000+
  • Bidders: 21,000+
  • Consignors: 1,400+

Ritchie Bros. has more than 75,000 equipment items and trucks in its upcoming auctions and online marketplaces, including 4,700+ items selling in an Ontario Regional Event on May 9 – 11; 1,100+ items selling in an Atlantic Canada Regional Event on May 15; and 1,100+ items selling in Lethbridge, AB on May 16. For a complete list of upcoming auctions and events, including weekly IronPlanet auctions and Marketplace-E events, visit rbauction.com/auctions.