Ritchie Bros. sets Montreal sales record

Ritchie Bros. continues to report record-setting sales at its equipment auctions, with its latest Montreal event dropping the hammer on more than 3,000 pieces of equipment and collecting more than $48 million.

The auction held March 23-25 attracted more than 7,500 registered bidders from more than 40 countries.

“Trucks and trailers are attracting unprecedented demand in today’s market, with light-spec’ truck tractors, van trucks, hi-boys, and reefer trailers bringing top dollar last week in Montreal,” said Eric Roussin, regional sales manager.

Ritchie Bros.
(File photo)

About 90% of the equipment was sold to Canadian buyers and 61% remained in the province. International buyers from as far afield as Ecuador, Malaysia and the Netherlands accounted for the remaining 10%.

The Montreal auction came on the heels of Ritchie’s first regional event for the northeast U.S., drawing equipment from locations in Maryland, Connecticut, Pittsburgh, and North Carolina.

A Toronto auction in mid-December saw more than 8,500 online buyers bidding for 3,400 items. An Edmonton auction in the same month moved more than 4,400 pieces of equipment with transactions totaling more than $53 million.

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