With its June Market Trends Report, Ritchie Bros. takes a closer look at trends in the used transportation equipment market. According to its latest price indexes, truck tractor prices are up approximately 46 percent year over year in the United...
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June 22, 2022, 07:08 AM
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A new Sandhills Global Market Report notes the stabilization of used construction equipment, farm machinery and heavy-duty truck inventories within Sandhills Global marketplaces in June, following steady declines since Q2 2020. After more than a year...
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July 28, 2021, 07:15 AM
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Royal Reesink, a Dutch international distributor of machinery and components for agriculture, landscape maintenance, logistic warehousing, and the construction equipment industry, has selected Ritchie Bros. Asset Solutions and its suite of...
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February 04, 2020, 07:00 AM
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Ritchie Bros. conducted its first Edmonton, AB auction of the year this week, selling more than 5,000+ equipment items and trucks over three days for $52+ million—up 15% year over year. More than 10,150 bidders from 54 countries registered to...
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March 01, 2019, 07:00 AM
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A sea of equipment stretched over the 220-acre Ritchie Bros. auction site in Orlando, FL last week as the company hosted its largest auction ever. Over six days the company sold a staggering 13,350+ assets for a record US$297+ million—up seven...
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February 25, 2019, 07:10 AM
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In its first Edmonton, AB auction of the year, Ritchie Bros. sold more than 4,250 equipment items and trucks over three days (February 27 – March 1) for CA$60+ million (US$47+ million).More than 8,500 bidders from 53 countries registered to...
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March 05, 2018, 07:00 AM
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EquipmentWatch, the world leader in data, software, and insights for the heavy equipment industry, has expanded its Rental Rate Blue Book and Internal Charge Rate products to include cost data for nearly 1,000 agricultural tractor models. Customers...
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February 14, 2018, 07:05 AM
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United Country Real Estate has launched an online equipment auction website—www.UCEquipmentAuctions.com—hosted by AuctionTime.com, the leader in online only auctions for agriculture and construction equipment, commercial trucks and trailers. The...
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January 29, 2018, 07:06 AM
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Class 8 same dealer used truck sales dropped by 17% last month following the unexpected climb in October, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“Seasonal weakness is not...
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December 22, 2017, 08:10 AM
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This week Ritchie Bros. sold 4,100+ equipment items and trucks for US$50+ million at its unreserved auction in Fort Worth, TX, setting a new December sales record for the site. More than 5,000 people from 60 countries registered to bid in the auction...
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December 15, 2017, 07:00 AM
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With its sixth and final Edmonton auction of the year last week, Ritchie Bros. sold 4,500+ equipment items and trucks for CA$66+ million (US$52+ million), bringing the site's 2017 total to 37,000+ items sold for CA$553+ million (US$421+ million). ...
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December 11, 2017, 07:00 AM
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Ritchie Bros. Auctioneers held a two-day auction at its site in Fort Worth, TX this week, selling 3,800+ equipment items and trucks for US$52+ million. Online buyers purchased approximately 58 percent of the equipment More than 4,900 people from 55...
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September 29, 2017, 07:01 AM
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Ritchie Bros. Auctioneers conducted its fourth Houston auction of the year this week, selling 3,700+ equipment items and trucks for US$49+ million over two days (August 23–24, 2017), and setting a new site record for online sales. More than 4,500...
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August 25, 2017, 07:05 AM
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Ritchie Bros. held its sixth Texas auction of the year on July 19 – 20th, selling 3,400+ equipment items and trucks for US$42+ million at its auction site in Fort Worth. Approximately 59 percent of equipment was sold to online buyers in two-day July...
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July 24, 2017, 07:00 AM
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Ritchie Bros. conducted its third Houston auction of the year this week, selling 4,700+ equipment items and trucks for US$46+ million—making it the largest June auction ever for the site. Over two action-packed days (June 21 – 22, 2017), more than...
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June 23, 2017, 07:00 AM
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Ritchie Bros. conducted its third Edmonton auction of the year this week, selling 5,500+ equipment items and trucks for CA$72+ million (US$54+ million) over two days (June 13 – 14, 2017). More than 7,250 people from 50 countries registered to bid in...
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June 16, 2017, 06:33 AM
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Ritchie Bros.' Toronto, ON auction site smashed its sales record for the third time in 12 months, selling CA$45+ million (US$32+ million) of equipment and trucks over two days (May 10 – 11, 2017). Toronto broke a single-auction sales record in May...
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May 15, 2017, 07:02 AM
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IronPlanet® announced APSV, the long-established U.K. supplier of ex-MOD and ex-PLC construction equipment, plant and trucks, as its first European customer on the new Marketplace Direct platform. Marketplace Direct features advanced, self-listing...
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May 10, 2017, 07:00 AM
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Ritchie Bros.' April auction in Edmonton attracted 13,800 people from 60+ countries, as 8,650+ items were sold over four days (April 25 – 28, 2017) for US$134+ million. Approximately 66 percent of the bidders in the auction registered to participate...
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May 01, 2017, 06:14 AM
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Used Class 8 truck same dealer sales volumes improved for a second consecutive month in February, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “Total volumes were also higher...
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March 29, 2017, 07:00 AM
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IronPlanet® debuted its next generation allEquip® fixed and negotiated pricing format. In response to growing demand, IronPlanet has launched an enhanced version of its successful allEquip format, which includes the ability to run multi-unit listings...
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March 28, 2017, 07:00 AM
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EquipmentWatch, the world leader in data, software and insights for the heavy equipment industry, officially announced the EquipmentWatch API. The EquipmentWatch API enables integration of critical equipment data attributes - including cost, rental...
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March 23, 2017, 07:10 AM
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As the dust settled after two action-packed days at Ritchie Bros.' Fort Worth auction site (March 15-16), the sales figures and turnout revealed the company's largest-ever Texas auction. More than 5,675 people registered to bid in person and online...
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March 17, 2017, 07:00 AM
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Ritchie Bros. conducted its first Edmonton auction of the year last week, selling 5,000+ equipment items and trucks for CA$62+ million (US$46+ million) over three days (March 2 – 4, 2017). More than 8,650 people from across Canada and 46 other...
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March 09, 2017, 06:55 AM
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What are the hottest equipment sectors in 2017? The answer is construction, medical, machine tools, high-tech/computer, plastics and trucks/trailers, according to a new survey of ELFA member asset managers and consultants. The 2017 “What’s Hot/What’s...
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March 06, 2017, 07:15 AM
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IronPlanet® debuted its new Marketplace Direct platform that offers advanced, self-listing functionality for larger-scale equipment sellers. Unique to the industry, Marketplace Direct provides an innovative listing and reporting solution that enables...
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February 24, 2017, 07:00 AM
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Ritchie Bros. Auctioneers sold approximately $4.33 billion of equipment through 356 unreserved auctions and its online equipment marketplace during 2016. This is a new annual record for the Company, and represents a 2% increase in gross auction...
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December 27, 2016, 07:04 AM
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Ritchie Bros. Auctioneers announces that Terry Dolan, President, U.S. and Latin America, will be leaving the company effective December 31, 2016. "I would like to thank Terry for his contributions to the company and wish him much success in his...
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December 22, 2016, 07:15 AM
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In 2016 Ritchie Bros. held six auctions at its flagship site in Edmonton, AB, selling 43,500+ equipment items and trucks for CA$728+ million (US$559+ million). This includes last week's two-day auction on December 8 – 9, when 4,500+ items were sold...
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December 12, 2016, 06:54 AM
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Ritchie Bros. held its fifth and final Fort Worth, TX auction of the year this week, selling 4,950+ items over two days for US$40+ million. More than 4,600 people from 56 countries registered to bid in the November 30 – December 1 auction, including...
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December 06, 2016, 07:00 AM
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IronPlanet® unveiled the new allEquip® fixed and negotiated pricing format with Make Offer functionality. Adding to its worldwide technology-driven online and onsite auction formats, with the new allEquip, IronPlanet now offers sellers the industry’s...
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November 17, 2016, 07:02 AM
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Ritchie Bros. announced that it has acquired Kramer Auctions, a leading Canadian agricultural auction company with exceptionally strong customer relationships in central Canada. This acquisition is expected to significantly strengthen Ritchie Bros.'...
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November 16, 2016, 07:12 AM
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IronPlanet® in conjunction with its TruckPlanet marketplace, launched Fleet Services featuring IronPlanet Truck Locator. With access to over $200 million in Class 8 and other trucks, Fleet Services, and particularly IronPlanet Truck Locator, will...
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November 11, 2016, 07:10 AM
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Ritchie Bros. conducted its fifth and final Houston, TX auction of the year this week, selling more than 4,200 equipment items and trucks for US$43+ million. More than 4,725 people from 55+ countries registered to bid in the November 9 – 10 auction...
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November 11, 2016, 07:08 AM
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IronPlanet® announced record-breaking results from its month-long September to remember auction events. Combining both online and on-site auctions, the company sold 9,890 items for more than $99 million in GMV (Gross Merchandise Volume), during 23...
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October 21, 2016, 07:06 AM
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This week Ritchie Bros. conducted its largest-ever two-day auction in the United States. More than 3,400 equipment items were sold in Columbus, OH on September 28 – 29 for US$76+ million. Approximately US$61+ million of the equipment was sold on Day...
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September 30, 2016, 07:07 AM
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Used Class 8 truck same dealer sales volumes continued to show volatility in August, yet remained on a positive trend, including a 19% increase over July. Enhanced by the latter, long term comparisons show 2016 being off by only 2% year-to-date...
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September 26, 2016, 07:20 AM
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With thousands of buyers from around the world participating in Ritchie Bros.' eighth Texas auction of the year, Ritchie Bros. sold more than 4,400 equipment items and trucks for US$54+ million over two days in Fort Worth (Sept 21-22, 2016). More...
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September 23, 2016, 07:02 AM
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IronPlanet® announced IronPlanet® LiveStream the next generation in online bidding for live on-site auctions. IronPlanet LiveStream builds on IronPlanet’s leading online technology with new live on-site auction features for buyers who need to stay in...
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September 09, 2016, 07:04 AM
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Used Class 8 truck same dealer sales volumes fell in July, posting an 8% m/m drop, following a double-digit m/m increase in June, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research....
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August 26, 2016, 07:00 AM
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Penton’s EquipmentWatch, the world's leader in data, insights and workflow tools for the heavy equipment industry, has relaunched their SaaS platform. It includes broad equipment coverage, across construction, lift/access, agricultural and...
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August 01, 2016, 07:10 AM
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The May 2016 Rouse Value Index for used equipment prices decreased to 42.7, down 1.2% from April values. The decrease is the thirteenth consecutive month of declines. The May value is down 8.9% from the mid-2015 peak of 46.9, and is below the April...
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July 05, 2016, 07:08 AM
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Irontrax announce the addition of veteran appraiser Thomas A. "Tom" Sexton, ASA, to the firm, as Industrial Division Director. Tom brings a solid reputation for the highest quality work and 30+ years of experience with a national commercial bank...
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June 09, 2016, 07:10 AM
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The April Rouse Value Index™ for used equipment prices decreased to 43.2, down 0.4% from March values. The decrease is the twelfth consecutive month of declines. The April value is down 7.9% from the mid-2015 peak of 46.9, and is now below the April...
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June 02, 2016, 06:10 AM
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Santana Equipment Trading Company announced the opening of a new facility for its Phoenix, Arizona operations.Santana Equipment West Division (Phoenix) opened its doors in June of 2012 as the company’s first satellite location. With the help of its...
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May 27, 2016, 07:03 AM
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IronPlanet® announced that Matt Ackley has been named senior vice president and chief marketing officer. Ackley comes to IronPlanet with 25 years of successful technology marketing experience with companies that include eBay, Google, Marin Software...
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May 26, 2016, 07:15 AM
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New Mill Capital Holdings, LLC ("NMC") and J.P. Morgan Asset Management – Global Real Assets ("GRA") announced a strategic partnership between institutional investors advised by J.P. Morgan Asset Management and NMC to jointly pursue acquisitions of...
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May 18, 2016, 06:00 AM
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A diverse selection of construction, transportation and farming equipment attracted thousands of buyers from around the world to this week's Ritchie Bros. auction in Fort Worth, TX (May 4-5, 2016). By auction's end, 4,325 people had registered to bid...
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May 06, 2016, 04:00 AM
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The March Rouse Value Index™ for used equipment prices decreased to 43.4, down 0.5% from February values. The decrease is now the eleventh consecutive month of declines, primarily driven by weaker recoveries observed in auction transactions. While...
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May 02, 2016, 07:03 AM
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Penton’s EquipmentWatch, the world’s leader in data, software and insights for the heavy equipment industry, has launched the new monthly EquipmentWatch Market Report™ featuring the new Price Stability Index™. This report, designed to provide the...
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April 22, 2016, 07:14 AM
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Penton announces that Garrett Schemmel has been promoted to Vice President of the EquipmentWatch and Price Digests businesses, reporting to Sanjay Mutha, Group President, Infrastructure. EquipmentWatch is the equipment industry leader with the...
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April 19, 2016, 06:45 AM
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EquipmentWatch, the world's leader in data, software and insights for the heavy equipment industry, has announced the winners of the first Highest Retained Value Awards. The awards recognize manufacturers in 26 different heavy equipment categories...
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March 24, 2016, 07:15 AM
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Ritchie Bros. announced its recent two-day auction set a new Texas-state records for number of bidders and items sold. The yard was packed with equipment—all of it lined up carefully, ready to be sold—as huge crowds showed up to bid at the auction...
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March 04, 2016, 07:24 AM
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Ritchie Bros.' first Canadian auction of the year in Edmonton, AB, a three-day unreserved public auction (February 24 – 26), attracted 13,100+ bidders from 47 countries—50 percent more than the same auction last year. Ritchie Bros. sold more than...
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February 29, 2016, 07:15 AM
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Used Class 8 truck metrics continued to be mixed in January, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“Keeping with the seasonal trend of weak early-year sales, used Class 8...
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February 25, 2016, 06:56 AM
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Last week, buyers from around the world visited Ritchie Bros.' 200-acre Orlando, FL site for the year's largest equipment auction. In just five days, Ritchie Bros. sold a record 10,700+ items for US$172+ million. February is auction season in Florida...
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February 22, 2016, 07:12 AM
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Ritchie Bros. Auctioneers Incorporated announced that it has acquired Mascus International Holding BV ("Mascus"), a leading global online equipment listing service. The acquisition expands the breadth of equipment disposition and management solutions...
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February 19, 2016, 07:08 AM
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IronPlanet® sold more than 2,350 items for $93.8 million in gross merchandise volume, or GMV, at its Cat Auction Services unreserved public auction in Kissimmee, FL, last week. GMV from IronPlanet’s five-day sale held from February 8 – 12, 2016...
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February 19, 2016, 07:00 AM
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The November Rouse Value Index for used equipment prices decreased to 44.5, down 1.2% from October values. This follows six consecutive months of declines primarily driven by weaker recoveries observed in auction transactions. While there has been...
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January 04, 2016, 07:15 AM
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Penton’s EquipmentWatch, the leader in equipment values, data and intelligence for over 50 years, has launched the 1st Annual EquipmentWatch Residual Value Awards, a new industry awards program based on asset value retention. The program recognizes...
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December 10, 2015, 07:04 AM
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Ritchie Bros. sold 3,650+ equipment items and trucks for US$43+ million at this week's unreserved public auction in Fort Worth, TX (December 2 – 3, 2015). Ritchie Bros. conducted five auctions in Fort Worth in 2015, selling a combined 18,800+ lots...
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December 04, 2015, 07:15 AM
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The October Rouse Value Index™ for used equipment prices decreased to 45.0, down 0.6% from September values. This follows five consecutive months of declines primarily driven by weaker recoveries observed in auction transactions. While there has been...
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December 01, 2015, 07:07 AM
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Ritchie Bros. sold 4,200+ equipment items and trucks for $50+ million at this week's unreserved public auction in Houston, TX. In total, the Company conducted five auctions in Houston in 2015, selling a combined 19,700+ lots for $238+ million with...
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November 13, 2015, 07:00 AM
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The Alta Group has completed a comprehensive remarketing program for Key Equipment Finance, resulting in the sale of 3,051 off-lease domestic dry van containers to an undisclosed buyer, Carl C. Chrappa, senior managing director of asset management...
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November 06, 2015, 07:12 AM
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Ritchie Bros. sold CA$137+ million (US$104+ million) of heavy equipment and trucks at its unreserved public auction in Edmonton, AB this week (October 27 – 29, 2015). Ritchie Bros.' Edmonton site has already surpassed its 2014 sales record, selling...
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October 30, 2015, 07:05 AM
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The August Rouse Value Index™ for used equipment prices decreased to 45.3, down 0.8% from July values, primarily driven by weaker recoveries observed in auction transactions for the five months ending August 2015. While there has been some softness...
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October 02, 2015, 07:00 AM
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Penton's EquipmentWatch, the leading heavy equipment data business, has expanded coverage of its valuation product with the addition of 4,000+ agricultural equipment models, supplementing existing coverage of 10,000+ construction and lift equipment...
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September 09, 2015, 07:00 AM
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Used Class 8 truck metrics were generally in line from June to July, with average age and miles up an incremental 1% each. Compared to last year, average prices were up 2% in July and 6% YTD, according to the latest release of the State of the...
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August 27, 2015, 07:00 AM
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The May Rouse Value Index™ for used equipment prices decreased to 46.7, down 0.4% from April values, primarily driven by weaker recoveries observed in auction transactions during the months of April and May. While there has been some softness in the...
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July 01, 2015, 07:02 AM
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Tiger Group’s Remarketing Services division has announced the creation of GearXpres, an auction marketplace dedicated to offering professional quality broadcast, film and A/V equipment under the direction of industry veteran Chris Thompson.GearXpres...
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June 18, 2015, 06:00 AM
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The April Rouse Value Index™ for used equipment prices increased to 46.9, up 0.6% from March values. This is 8.3% higher than the prior peak period of 43.3 in April 2007, and 58.0% higher than prior trough period of 29.7 in June 2009. The Rouse Value...
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June 01, 2015, 07:00 AM
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Ritchie Bros. sold more than $50 million of equipment and trucks at its unreserved public auction in Fort Worth, Texas on May 6 – 7, 2015. The two-day auction set a new Fort Worth site record for number of lots sold, with more than 3,900 items being...
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May 08, 2015, 07:00 AM
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Ritchie Bros. sold more than CA$215 million (US$177+ million) of heavy equipment and trucks at an unreserved public auction in Edmonton, AB from April 28 – May 1, 2015, making it the largest Canadian auction in Company history. The auction broke...
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May 05, 2015, 07:04 AM
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The March Rouse Value Index™ for used equipment prices increased to 46.6, up 0.4% from February values. This is 7.7% higher than the prior peak period of 43.3 in April 2007, and 57.1% higher than prior trough period of 29.7 in June 2009. The Rouse...
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May 01, 2015, 06:41 AM
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Total reported volumes of used Class 8 trucks climbed to 2,770 units in March, a jump of 14% month over month and 5 % year over year, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT...
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April 27, 2015, 06:00 AM
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Ritchie Bros. sold more than CA$44 million (US$34+ million) of heavy equipment and trucks at an unreserved public auction in Montreal, QC on March 18 and 19, 2015—the largest Montreal auction in Company history. The two-day auction also set new site...
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March 20, 2015, 06:57 AM
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Ritchie Bros. sold more than US$47 million of equipment and trucks at its unreserved public auction in Fort Worth, Texas on March 4 - 5, 2015. The two-day auction set a new Fort Worth site record for number of registered bidders; more than 4,700...
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March 06, 2015, 06:56 AM
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The January Rouse Value Index™ for used equipment prices decreased to 46.2, down 0.9% from December values. This is 6.7% higher than the prior peak period of 43.3 in April 2007, and 55.6% higher than prior trough period of 29.7 in June 2009. The...
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March 02, 2015, 07:05 AM
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Ritchie Bros. sold 4,600+ equipment items and trucks for CA$84+ million (US$67+ million) at an unreserved public auction in Edmonton, AB this week, making it the Company's largest Canadian auction ever held in February. The two-day auction, held...
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February 27, 2015, 06:59 AM
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Ritchie Bros. sold a record-breaking 10,500+ equipment items and trucks at its premier global auction last week in Orlando, Florida. The five-day unreserved public auction (February 16 – 20, 2015) attracted 9,350+ on-site and online bidders from 81...
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February 24, 2015, 07:00 AM
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Penton's EquipmentWatch, the world's leader in heavy equipment research, and the leading provider of database information products for the heavy equipment industry, has announced the launch of EquipmentWatch Intelligence. Hosted at...
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February 06, 2015, 06:59 AM
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The December Rouse Value Index™ for used equipment prices decreased to 46.6, down 0.6% from November values. This is 7.6% higher than the prior peak period of 43.3 in April 2007, and 57.0% higher than prior trough period of 29.7 in June 2009. The...
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February 03, 2015, 07:05 AM
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Penton, North America’s largest privately held professional information services company, today introduced a new API store, continuing its focus on user workflow tools.“This is an exciting time to be in the data and information industry. We are...
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January 29, 2015, 07:07 AM
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Ritchie Bros. Auctioneers conducted its largest agriculture auction of 2014 yesterday in Saskatoon, SK (December 2), selling more than CA$41 million (US$36+ million) of equipment and trucks in a single day. The unreserved public auction also set new...
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December 03, 2014, 07:00 AM
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The October Rouse Value Index for used equipment prices increased to 46.5, up 0.8% from September values. This is 7.4% higher than the prior peak period of 43.3 in April 2007, and 56.7% higher than prior trough period of 29.7 in June 2009. The Rouse...
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December 02, 2014, 07:00 AM
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GovPlanet, an online marketplace dedicated to buying and selling used government assets, sold 158 inspected items from U.S. Department of Defense (DoD) surplus rolling stock at its first online auction held on November 19 at GovPlanet.com. “The...
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December 01, 2014, 06:53 AM
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Ritchie Bros. Auctioneers sold more than US$56 million of heavy equipment and trucks on November 12 – 13, 2014 at its permanent auction site in Houston, Texas. Auction highlights included 185+ truck tractors, 130+ excavators, 75+ agricultural...
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November 14, 2014, 06:42 AM
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The August Rouse Value Index™ for used equipment prices decreased to 45.6, down 0.1% from July values. This is 5.4% higher than the prior peak period of 43.3 in April 2007, and 53.7% higher than prior trough period of 29.7 in June 2009. The Rouse...
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October 02, 2014, 06:40 AM
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Ritchie Bros. Auctioneers sold more than CA$83 million (US$75+ million) of heavy equipment and trucks in Edmonton, Alberta on September 10 – 12, 2014. This auction set multiple Company records for the month of September, including record gross...
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September 16, 2014, 06:40 AM
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The volume of used Class 8 trucks sold in July rose 2% above June’s volume, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“Year-to-date, sales are down 5%, but the YTD...
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August 27, 2014, 06:00 AM
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The June Rouse Value Index for used equipment prices increased to 45.8, up 0.1% from May values. This is 5.7% higher than the prior peak period of 43.3 in April 2007, and 54.3% higher than prior trough period of 29.7 in June 2009. The Rouse Value...
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August 01, 2014, 07:03 AM
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The volume of used Class 8 trucks sold in June rose 10% above May’s volume, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.“June’s performance was a little counterintuitive, given...
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July 28, 2014, 06:06 AM
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The May Rouse Value Index™ for used equipment prices increased to 45.7, up 0.5% from April values. This is 5.6% higher than the prior peak period of 43.3 in April 2007, and 54.0% higher than prior trough period of 29.7 in June 2009. The Rouse Value...
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July 02, 2014, 06:50 AM
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The volume of used Class 8 trucks sold in May dropped 12% below April’s volume, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “The volume drop was expected, since sales usually...
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June 26, 2014, 06:00 AM
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Ritchie Bros. Auctioneers will sell a large selection of late model industrial and agricultural equipment at its unreserved public auction in St. Louis, MO on June 27, 2014. Equipment highlights in the auction include a selection of bulldozers and...
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June 16, 2014, 06:00 AM
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The April Rouse Value Index™ for used equipment prices increased to 45.5, up 0.8% from March values. This is 5.1% higher than the prior peak period of 43.3 in April 2007, and 53.2% higher than prior trough period of 29.7 in June 2009. The Rouse Value...
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June 02, 2014, 06:50 AM
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The March Rouse Value Index for used equipment prices increased to 45.1, up 0.6% from February values. This is 4.2% higher than the prior peak period of 43.3 in April 2007, and 52.1% higher than prior trough period of 29.7 in June 2009. The Rouse...
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May 02, 2014, 05:00 AM
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Ritchie Bros. Auctioneers officially opened its new auction site in Manchester, NH on April 17th during a multi-million dollar grand opening auction. More than 1,400 bidders from 40 countries registered on site or online to participate in yesterday's...
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April 21, 2014, 05:56 AM
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The January Rouse Value Index™ for used equipment prices did not change from December values. This remains 1.1% higher than the prior peak of 43.6 in April 2007, and 48.5% higher than prior trough of 29.7 in June 2009. The Rouse Value Index™ measures...
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March 04, 2014, 06:33 AM
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Ritchie Bros. Auctioneers sold more than CA$57 million (US$51.5+ million) of equipment and trucks at its first Canadian auction of 2014, held at its permanent auction site in Edmonton, AB on February 26 - 27, 2014. Close to 3,800 equipment items and...
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March 03, 2014, 06:00 AM
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According to analysts with Great American Group, Inc., the oil and gas industry has experienced relative stability over the last quarter. Oil production has increased steadily, and natural gas pricing has risen drastically in the wake of a strong...
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February 28, 2014, 06:50 AM
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IronPlanet announced it has surpassed 1 million users who have registered to view equipment for sale and participate in online auctions at IronPlanet.com. “This is an exciting milestone for us because it demonstrates that more than 1 million users...
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February 21, 2014, 06:51 AM
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September OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.6% from August values. For the six months ending September 30th, 2013, average index values are up 2.0%. Nine out of...
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November 01, 2013, 06:31 AM
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Ritchie Bros. Auctioneers conducted its largest two-day auction in Company history this week in Edmonton, AB (October 29 - 30, 2013). More than 5,850 equipment items and trucks were sold in the public auction for more than CA$95 million (US$90+...
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October 31, 2013, 06:42 AM
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July auction sales of rental & construction equipment tracked by Rouse averaged 2.4% higher than Rouse June FLV values. Rouse recorded 1,464 units that sold at 33 separate auction sales conducted across North America. The units represented a combined...
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August 30, 2013, 07:00 AM
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According to the July 2013 Rouse Rental Report, the June OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse decreased 0.1% from May values. For the six months ending June 30th, 2013, average index...
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August 01, 2013, 06:50 AM
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May OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.8% from April values. For the six months ending May 31st, 2013, average index values are up 1.3%. Eight out of fourteen category...
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July 01, 2013, 06:58 AM
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Ritchie Bros. Auctioneers sold CA$60+ million (US$59.5+ million) of heavy equipment, property and trucks during a two-day unreserved public auction at its permanent auction site in Edmonton, Alberta, on June 12 - 13, 2013. More than 4,450 items were...
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June 17, 2013, 06:58 AM
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April OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.5% from March values. For the six months ending April 30th, 2013, average index values are up 1.0%. Six out of fourteen category...
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June 07, 2013, 06:45 AM
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According to analysts with Great American Group, slower than anticipated economic growth has impacted freight delivery across the country. Rolling stock and intermodal equipment demand has been flat in recent months, however analysts remain...
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May 31, 2013, 07:02 AM
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Ritchie Bros. Auctioneers sold more than CA$104 million (US$102+ million) of trucks and heavy equipment during a record breaking three-day unreserved public auction at its permanent auction site in Edmonton, Alberta last week, from April 24 - 26...
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April 29, 2013, 07:06 AM
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According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, the used truck market enjoyed a second consecutive month of improved volumes in March. The retail market was flat compared to...
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April 26, 2013, 06:07 AM
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Site records broken for the most sellers at a Houston auction, largest online gross auction proceeds, and largest number of online bidders and online buyers. Ritchie Bros. Auctioneers sold more than US$47 million of heavy equipment and trucks during...
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April 22, 2013, 07:05 AM
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Ritchie Bros. announced it has commercially launched Ritchie Bros. EquipmentOne with new features and functionality for both buyers and sellers. Complementary to the Company's flagship unreserved auction business, Ritchie Bros. EquipmentOne...
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April 09, 2013, 07:02 AM
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February OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.5% from January values. For the six months ending February 28th, 2013, average index values increased 0.4%. Eight out of...
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April 01, 2013, 07:05 AM
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Equipment Appraisal Services (EquipmentAppraisal.com) announced that it has launched an online marketplace for buyers and sellers of machinery and equipment. The website EquipmentAuction.com allows users to list items for sale in various categories....
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March 28, 2013, 07:15 AM
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IronPlanet broke its record for the largest single unit ever sold. A buyer from North Carolina won a Marion 7820 Walking Dragline in IronPlanet’s Daily Marketplace, for the highest bid of $3 million from a seller in Pennsylvania.Weighing over 2,000...
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March 14, 2013, 07:00 AM
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Ritchie Bros. Auctioneers sold more than CA$57 million (US$55+ million) of heavy equipment and trucks during an unreserved public auction at its permanent auction site in Edmonton, Alberta last week, on March 7 & 8, 2013. The auction featured a large...
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March 13, 2013, 07:00 AM
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IronPlanet announced that it has acquired Asset Appraisal Services (AAS), an inspection, appraisal and online auction services company serving customers across the used capital equipment markets, with a key focus on the commercial truck sector. “We...
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February 27, 2013, 07:29 AM
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Used Class 8 truck sales volumes were down in January, falling 6% month over month and 3% year over year. The update on the used market was reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT...
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February 27, 2013, 07:08 AM
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December OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse decreased 0.4% from November values. For the six months ending December 31st, 2012, average index values decreased 1.1%. Three out of...
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February 04, 2013, 07:15 AM
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According to latest update on the used truck market reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, the wholesale used market was the only segment to grow from 2011 to 2012, up 3%....
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January 30, 2013, 06:30 AM
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Ritchie Bros. announced the initial release of a new online equipment marketplace called Ritchie Bros. EquipmentOne. Complementary to the Company's flagship unreserved auction business, Ritchie Bros. EquipmentOne (www.EquipmentOne.com) is a secure...
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January 22, 2013, 07:30 AM
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Class 8 unit sales sank 16% month-over-month in November. The update on the used market was reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “The good news is that prices in...
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December 28, 2012, 07:00 AM
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Ritchie Bros. Auctioneers Incorporated, the world’s largest auctioneer of industrial equipment, sold approximately $3.9 billion of equipment at 328 unreserved auctions around the world in 2012. This represents a 5% increase in gross auction proceeds...
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December 27, 2012, 07:40 AM
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According to the December Rouse Rental Report, November OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.5% from October values. For the six months ending November 30th, 2012, average...
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December 24, 2012, 07:18 AM
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Ritchie Bros. Auctioneers conducted its largest ever Quebec and Saskatchewan auctions this week—selling more than CA$42 million (US$43+ million) of equipment in Montreal, QC (December 5 - 6, 2012) and CA$30 million (US$30+ million) in Saskatoon, SK...
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December 10, 2012, 06:58 AM
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October OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse increased 0.3% from September values. For the six months ending October 31st, 2012, average index values decreased 1.4%. Six out of...
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December 03, 2012, 06:21 AM
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After a brief hiatus in September, the used truck market appears to moving in the right direction, as Class 8 unit sales improved 6% month-over-month. The update on the used market was reported in the latest release of the State of the Industry: U.S....
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November 28, 2012, 07:03 AM
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United Rentals announced that the company will host its first-ever nationwide Used Equipment Sale on Thursday, December 6, 2012. The sale will be staged at more than 120 participating branches in the United States, giving buyers the opportunity to...
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November 19, 2012, 07:30 AM
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Ritchie Bros. Auctioneers sold more than $61 million of heavy equipment and trucks during an unreserved public auction in Edmonton, Alberta on October 24 & 25, 2012. More than 5,400 registered bidders competed for more than 4,900 equipment items and...
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October 29, 2012, 07:00 AM
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Ritchie Bros. Auctioneers sold approximately $561 million of equipment at 31 unreserved auctions around the world in September 2012, the highest September gross auction proceeds in Company history and one of its largest ever months. The Company also...
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October 05, 2012, 07:02 AM
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Truckinginfo reported the number of carriers expecting to add little or no capacity in the next 12 months has remained fairly constant at around 70-74% for the last five quarters, according to Transport Capital Partners' Third Quarter 2012 Business...
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October 03, 2012, 07:30 AM
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Pricing continues to be the most interesting and watched of the used truck market metrics. In August, pricing was up for all three time period comparisons, month over month, year over year, and year-to-date over year-to-date. Volumes also increase...
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October 01, 2012, 07:39 AM
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Ritchie Bros. Auctioneers sold more than $40 million of equipment items and trucks at an unreserved public auction in Fort Worth, Texas on September 25 - 26, 2012. More than 3,400 equipment items and trucks were sold in the auction—with each and...
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September 27, 2012, 07:00 AM
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NationaLease, one of the largest full service truck leasing organizations in North America, announced the launch of its new website, with updated content that encourages visitors to learn more about NationaLease services, news, and events.“We...
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September 10, 2012, 07:30 AM
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Ritchie Bros. Auctioneers sold close to $54 million of heavy equipment items during a two-day unreserved public auction at the Company’s site in Edmonton, Alberta on Wednesday & Thursday, September 5 & 6, 2012. Almost 5,000 registered bidders...
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September 10, 2012, 07:28 AM
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According to the August 2012 Rouse Rental Report, July OLV index values for used equipment across the fourteen major rental category indices tracked by Rouse decreased 1.0% from June values. For the six months ending July 31st, 2012, average index...
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September 04, 2012, 07:46 AM
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ACT Research noted all the month-over month comparisons – volume, price, miles, and age – for all weight groups of used trucks improved in July.“Up until a few months ago, most dealers cited a lack of inventory as the primary factor holding them back...
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August 29, 2012, 06:15 AM
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Ritchie Bros. Auctioneers Incorporated, the world's largest auctioneer of industrial equipment, announces net earnings for the six months ended June 30, 2012 of $49.3 million and adjusted net earnings of $50.5 million. This compares to net earnings...
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August 02, 2012, 07:00 AM
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June used truck sales grew 8% over May, but lagged June 2011 and the first six months of 2011, while pricing appears to be slowing a little more rapidly than was previously expected. The update on the used market was reported in the latest release of...
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August 01, 2012, 06:12 AM
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Rush Enterprises, Inc., which operates the largest network of commercial vehicle dealerships in North America announced results for the second quarter ended June 30, 2012. The Company's net income for the quarter was $17.4 million compared with net...
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July 27, 2012, 07:13 AM
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Analysts with Great American Group, a leading provider of asset disposition, valuation and appraisal services, have seen a continued decline in the availability of low-mileage used heavy duty trucks in May. According to the American Truck Dealers and...
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July 03, 2012, 07:15 AM
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The average retail selling price for a used Class 8 truck dropped to $48,643 in May, down 6% month over month, but 3% above the average price in May 2011. On a year-to-date basis, prices remained 13% above last year’s pace. The update on the used...
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June 27, 2012, 07:00 AM
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Great American Group, LLC, a leading provider of asset disposition, valuation and appraisal services, has hired Bryan Seeley as director of appraisal for the company’s Machinery & Equipment (M&E) Appraisal Division. “With over 20 years of experience...
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June 27, 2012, 06:30 AM
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Used commercial vehicle registrations (GVW 3-8) in the U.S. declined 26.7% to 164,024 units during the first quarter of 2012 as compared with the same timeframe in 2011 according to a recent Polk report.
"While used vehicle registrations remain...
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June 07, 2012, 06:30 AM
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April saw a turn-around in the trend of the prior two months in the Used Class 8 truck market, as volumes sank and pricing rose. The update on the used market was reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used...
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May 30, 2012, 07:30 AM
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According to the May 2012 Rouse Rental Report, April Orderly Liquidation Values (OLV’s) for used equipment across the fourteen major rental equipment categories increased 1.7% over the March values. Additionally, the report states for the six months...
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May 29, 2012, 07:30 AM
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Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, today announced that it has agreed to acquire AssetNation, Inc., a leading online marketplace and solutions provider for surplus and salvage assets. Ritchie Bros.intends to...
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May 10, 2012, 07:45 AM
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According to the April 2012 Rouse Rental Report, March OLV index values for used equipment across the fourteen major rental category indices increased 1.1% over February values. The report indicates nine out of fourteen category indices recorded one...
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May 02, 2012, 07:00 AM
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Used Class 8 truck pricing slipped for the second consecutive month in March. The update on the used market was reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“Prices are not...
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April 27, 2012, 07:00 AM
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IronPlanet , a leading online marketplace for used heavy equipment, announced record annual sales in 2011, with gross merchandise volume (GMV) exceeding $568 million, an increase of 15% over 2010. “I am pleased with our 2011 results, closing another...
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March 23, 2012, 08:15 AM
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GE Capital’s Spring 2012 Industry Research Monitor on Truck Transportation indicates the U.S. economy and freight indicators are holding steady. According to the report, high asset age, increased capacity utilization and improving used equipment...
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March 19, 2012, 07:45 AM
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A Polk analysis of new and used commercial vehicle registrations (GVW 3-8) in the U.S. finds 1.25 million units were registered during the 2011 calendar year. Used commercial vehicle registrations reached a record level for a calendar year of...
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March 15, 2012, 08:00 AM
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Used Class 8 truck price appreciation was prevalent in January sales in the retail and wholesale channels. The sole weak spot was the month-over-month change in auction results. Strength in pricing is once again attributed to soft volumes. The update...
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February 28, 2012, 07:00 AM
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