4 top tips on preparing your machines for auction
With the growth of online auction options, the equipment-selling experience is becoming easier, quicker, and more profitable for sellers. Now, in 2021, sellers have more options regarding when, where, and how to sell surplus equipment than ever before in the history of auctioneering – whether it’s one machine or an entire fleet.We spoke to our team of equipment inspectors at the Maltby auction yard (the UK) and outlined 4 top tips to make your machines 100% auction-ready and boost your chances to get the best price.
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Before you sell: understanding how buyers determine the value of your equipment
If you own a piece of equipment – big or small – at some point in time, you might consider selling it. The proceeds of the sale can be reinvested in your business or used otherwise. One of the first things you’ll want to figure out is what the value of the machine is in the market – and how much it is in demand.
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Selling at Ritchie Bros. – Online Timed Auctions vs. Marketplace-E
Ritchie Bros.’ Online Timed Auctions have gained a lot of popularity over the last year. We have seen massive increases in bidders, making it a powerful way to sell equipment. But did you know that Ritchie Bros. offers another great way to sell? Let’s take a closer look at Marketplace-E and how it’s different from our Online Timed Auctions. Here we go!
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Buying at our online auctions: Top 5 questions and answers
More than ever before, online auctions are a popular method of buying and selling heavy equipment and trucks. We see more and more people are joining our online auctions, so we decided to put together a few questions and answers about Timed auctions. We added some extra tips to help you get even more out of your auction experience.
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Selling Equipment: 6 Things To Consider
Deciding when to sell your heavy equipment and trucks is equally important as choosing how to sell it. Dive in to learn six tips that will help you make a wise selling decision.
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Dunton To Make An Immediate Environmental Impact Selling To Ritchie Bros.
Leading remediation specialist, Dunton Environmental has become the first UK business to purchase a next generation Cat 330 excavator with the latest Trimble 3D machine control, thanks to selling its used Cat D6T directly to Ritchie Bros.
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Digital Transformation Is Coming To The Equipment Business
When the COVID-19 pandemic hit, Ritchie Bros. already had systems and software in place to switch from live auctions to fully online auctions – pretty much overnight. This was no coincidence. For the past five to ten years the company has been steadily building an e-commerce platform that is redefining how equipment owners buy and sell their assets.
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Easing cash flow for equipment owners
Ritchie Bros. supports equipment owners with flexible disposition options to improve cash flow, including advance payment options and purchasing seller assets outright. While many of us are isolating at home during the coronavirus pandemic, the world of heavy equipment auctions is still turning. At Ritchie Bros., we’ve taken all our auctions online and have so far seen very little change in anticipated demand – or selling price levels – for secondhand construction and agricultural machines over the last few months.
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