Auction firm Ritchie Bros has set a record for equipment sales

Ritchie Bros sold around US$3.9 billion of equipment at 328 unreserved equipment auctions around the world in 2012. This represents a 5% increase in gross auction proceeds over 2011 and the highest gross auction proceeds in the company’s history. The firm achieved gross auction proceeds of $1 billion in the fourth quarter of 2012 alone, highlighting the strong industry demand for used machines. Ritchie Bros says that it also attracted record online bidder registrations and sold approximately $1.3 billion of
December 21, 2012 Read time: 1 min
318 Ritchie Bros sold around US$3.9 billion of equipment at 328 unreserved equipment auctions around the world in 2012. This represents a 5% increase in gross auction proceeds over 2011 and the highest gross auction proceeds in the company’s history. The firm achieved gross auction proceeds of $1 billion in the fourth quarter of 2012 alone, highlighting the strong industry demand for used machines. Ritchie Bros says that it also attracted record online bidder registrations and sold approximately $1.3 billion of equipment, trucks and other assets to online bidders in 2012, an 18% increase over 2011 and the highest amount ever sold online by the firm in one year. Ritchie Bros. conducted its final unreserved auctions of 2012 on December 20th in Los Angeles, California, and St Louis, Missouri. The firm plans to release its full audited annual financial statements for 2012 on February 26th, 2013.
Finance & Funding

Related Content

  • Caterpillar reports slight sales dip for full year 2014
    February 16, 2015
    Global construction equipment manufacturer Caterpillar reported full-year 2014 sales $55.184 billion, down from $55.656 billion in 2013. Caterpillar also reported fourth-quarter 2014 sales of $14.244 billion, again slightly down at 1% from $14.402 billion in the fourth quarter of 2013. The results and a continued weak to modest improvement has dampened Caterpillar’s expectation of increased sales for 2015, likely to be around $50 billion. “Overall, we had many positives and a better year in 2014 than 2013,”
    Read More
  • Dubai machine sale for Euro Auctions
    May 11, 2018
    A major auction of construction machines has been carried out successfully in Dubai by the specialist firm Euro Auctions The firm says that it has consolidated its Middle East position with its second Dubai sale. According to Euro Auctions, the firm saw increases in buyers and vendors at the one-day plant and machinery sale. The company held its first Dubai auction in September and has now carried out a successful follow-up event that attracted more buyers and vendors. The firm saw an increase in the
    Read More
  • Liebherr achieves record turnover in 2012
    April 10, 2013
    The Liebherr Group achieved its highest turnover in its history in 2012. Turnover climbed over than 9% to €9.1 billion, while the company invested a total of €840 million in its operations. The 2012 business year progressed well for the Liebherr Group. Although the reduced dynamism of the world economy had a noticeable effect on orders received in the final months of the year, this no longer influenced turnover significantly. The Group increased its total turnover in the past business year by more than €760
    Read More
  • Equipment firm Wacker Neuson posts bullish results
    March 31, 2014
    Munich-based equipment manufacturer Wacker Neuson reports an increase in Group revenue and profitability in 2013. This has been achieved in spite of tough trading conditions and having met its targets for 2013, the firm aims to remain on track in 2014. The company achieved €1.16 billion in revenue and says it managed to boost market penetration of light and compact equipment in its core European and US markets. It also developed specific new markets. Group revenue rose 6% to €1.16 billion, compared with nea
    Read More

Highlighted Content