Ritchie Bros. sells US$45+ million of equipment and trucks at two-day Houston, Texas auction

Upcoming July auctions in Fort Worth and Midland, Texas feature large selections of truck tractors and heavy equipment

HOUSTON, June 26, 2015 /CNW/ - Ritchie Bros. (NYSE and TSX: RBA), the world's largest industrial auctioneer, sold US$45+ million of equipment and trucks at its unreserved public auction in Houston, Texas on June 24 – 25, 2015. The two-day auction set a new Houston site record for number of sellers. Auction highlights included 325+ trailers, 300 truck tractors, 110+ excavators, 50+ flatbed trucks, 45+ winch tractors, 40+ dozers, 35+ dump trucks, and 20 farm tractors. More than 3,700 people from 59 countries registered to bid in person, online at rbauction.com and by proxy.

"In spite of the hot and humid weather, this week's auction drew large crowds and intense bidding due to the great selection of construction equipment, cranes, trucks and trailers, including a large quantity of heavy haul oilfield transportation and oil and gas-related equipment," said Alan McVicker, Regional Sales Manager, Ritchie Bros. Auctioneers. "As with all Ritchie Bros. auctions, every piece was sold to the highest bidder, with no reserve prices and no minimum bids."

Buyers from outside Texas purchased US$18+ million (41%) of equipment and trucks, with equipment sold to buyers from as far away as Bolivia, France, and New Zealand Online bidders purchased US$20+ million (44%) of the equipment in the auction.

AUCTION QUICK FACTS: HOUSTON, TEXASJUNE 24 – 25, 2015 

  • Total Gross Auction Proceeds –  US$45+ million
  • Amount sold to online bidders –  US$20+ million
  • Total registered bidders (onsite and online) – 3,700+
  • Unique registered online bidders –  2,250+
  • Number of lots sold – 4,100+ 
  • Number of sellers – 500+

400+ truck tractors to be sold at upcoming Texas auctions in July

Ritchie Bros. will sell more than 400 truck tractors at its upcoming auctions in Midland, Texas (July 9, 2015) and Fort Worth, Texas (July 22-23). Truck highlights from these auctions include:

  • 100+ Peterbilt 379 truck tractors
  • 60+ Kenworth T800 truck tractors
  • 10+ 2009 Peterbilt 388 truck tractors
  • Nine Peterbilt 386 truck tractors
  • Six 2010 Freightliner Cascadia 125 truck tractors
  • Two 2012 Peterbilt 367 truck tractors

For more information on these, as well as 70+ other upcoming unreserved public auctions, visit rbauction.com.

About Ritchie Bros.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is the world's largest seller of used equipment for the construction, transportation, agriculture, material handling, energy, mining, forestry, marine and other industries. Ritchie Bros. TM solutions make it easy for the world's builders to buy and sell equipment with confidence, including live unreserved public auctions with on-site and online bidding (rbauction.com), the EquipmentOneTM secure online marketplace (EquipmentOne.com), a professional corporate asset management program, and a range of value-added services, including equipment financing for customers through Ritchie Bros. Financial Services (rbauction.com/financing). Ritchie Bros. has operations in 19 countries, including 44 auction sites worldwide. Learn more at RitchieBros.com.

Photos for media are available at rbauction.com/media

SOURCE Ritchie Bros. Auctioneers

For further information: Ian Malinski, Corporate Communications Lead, Ritchie Bros. Auctioneers, Phone: +1.778.331.5432, Email: CorpComm@rbauction.com; For investor inquiries, please contact: Jamie Kokoska, Director, Investor Relations, Ritchie Bros. Auctioneers, Phone: 778-331-5219, Email: jkokoska@rbauction.com

RELATED LINKS
www.rbauction.com

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