Blue Thunder Auto Transport Chooses Ritchie Bros. to Sell Assets by Unreserved Auction



    VANCOUVER, March 16 /CNW/ - Ritchie Bros. Auctioneers
(TSX:RBA)(NYSE:  RBA), the world's largest truck and industrial equipment
auctioneer, announced today that it will be selling more than 400 late-model
car carriers in six separate Ritchie Bros. unreserved auctions, on behalf of
Blue Thunder Auto Transport, Inc., an Atlanta, Georgia-based hauler of new
vehicles for automakers in the U.S.
    "We've been in business for over 40 years and we have never seen a
selection of late-model car carriers like this at an unreserved auction," said
Dean Siddle, Vice President of Transportation for Ritchie Bros. Auctioneers.
"There is a lot of interest in these carriers already and we look forward to
the six upcoming auctions where they will be sold unreserved - meaning they
will sell to the highest bidders, regardless of price."

    
    The upcoming Ritchie Bros. auctions include:

    -  OLYMPIA, WASHINGTON - March 21-22, 2007 - 5 car haulers will be sold.

    -  HOUSTON, TEXAS - March 29-31, 2007 - 30 car haulers will be sold.

    -  NORTH EAST, MARYLAND - April 4-5, 2007 - 155 car haulers will be sold.

    -  PHOENIX, ARIZONA - May 3-4, 2007 - 4 car haulers will be sold.

    -  LOS ANGELES, CALIFORNIA - May 22-23, 2007 - 33 car haulers will be
       sold.

    -  ORLANDO, FLORIDA - May 24-25, 2007 - 196 car haulers will be sold.

    The car carriers have Sterling and Freightliner power units and are
Boydstun, Nu Van and Sun Country carriers.
    "Blue Thunder had these car carriers located across the United States.
Logistically, this could have been an issue," said Mr. Siddle. "But, due to
our network of auction sites located across the nation, it conveniently
allowed Blue Thunder to bring their car carriers to the nearest Ritchie Bros.
auction site."
    As with all Ritchie Bros. auctions, registration is free and interested
bidders need to bring photo identification (including a driver's license or
photo identification card) and a current business card. Everything is sold "As
is, where is" on auction day and there are no minimums or reserve prices
whatsoever. Credit bidding will also not be permitted at the auctions.
Registration starts a few days before each auction at the auction site (go to
www.rbauction.com/transportation for more information, including details and
photographs). Interested bidders are encouraged to test and inspect all
auction lots ahead of the auction.

    THREE WAYS TO BID:

    1.  IN PERSON - Interested buyers can register in person at one or more
        of the above auction sites a few days before each auction up to and
        including auction day itself. Bidding occurs in person during the
        auction event.

    2.  ONLINE - Interested buyers can register online for one or more of the
        above auctions and must do so at least three business days before the
        auction commences. A bidding deposit may be required. Online bidding
        occurs live and in real-time, using the company's rbauctionBid-Live
        service.

    3.  BY PROXY - Interested buyers that cannot attend an auction can place
        a bid by proxy with rbauctionBid-Proxy or by contacting one of the
        above-mentioned Ritchie Bros. auction sites.  A Ritchie Bros. auction
        is an entertaining, fast-paced affair. Mobile trucks and equipment
        move over a ramp in front of a seated crowd while the crowd bids on
        the items. The company's auctioneers are experts at keeping up the
        fast pace of the sale and all prices are determined by the bidders in
        the crowd and online. Every item sells on auction day, and often
        items are sold in under a minute. Last year, Ritchie Bros. held over
        175 unreserved industrial auctions around the world, generating gross
        auction sales of US$2.72 billion.
    

    About Ritchie Bros.

    Ritchie Bros. is the world's largest auctioneer of industrial equipment,
operating through over 110 locations in more than 25 countries around the
world. The Company sells, through unreserved public auctions, a broad range of
used and unused industrial equipment including equipment and other assets
utilized in the construction, transportation, material handling, mining,
forestry, petroleum, marine, real estate, and agricultural industries. The
Company maintains a website at www.rbauction.com.

    ATTENTION MEDIA: Photos of the car carriers are available for use in your
publications at www.rbauction.com/media.




For further information:

For further information: Ritchie Bros. Auctioneers Incorporated, Kim
Schulz, Corporate Communications Manager, 1-800-663-8457 or (604) 273-7564,
Email: media@rbauction.com; or Ritchie Bros. Auctioneers Incorporated, Dean
Siddle, Vice President, Transportation and Senior Valuation Analyst,
1-800-663-8457 or (604) 273-7564, Website: www.rbauction.com


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