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The 5 Most Expensive Equipment Items Sold in Europe in 2021

6 big construction industry trends for 2022

Top 5 equipment sales Europe | Fall 2021

Customer Story: Shahbaz Hussein, CEO of Quality Equipment Rental LLC

Customer Story: José Luis Gómez, General Manager of Gosadex

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6 big construction industry trends for 2022

December 16, 2021| 6 minutes to read

Want to know what to expect for the construction industry in 2022? We’ve rounded up 6 of the biggest trends that will affect the industry in the coming year.

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Mobile Tech: Managing Your Fleet On the Go

July 22, 2021| 5 minutes to read

“There’s an app for that!” Apple’s famous catchphrase has come to define our personal and professional online lives. The digital era is an evolving frontier, regardless of industry, and the heavy machinery business is no exception. In this blog post, we look at the Ritchie Bros. mobile app and 5 other great tools for the industry.

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Beating the curve: How online asset transactions benefit leasing companies

April 21, 2021| 3 minutes to read

A Ritchie Bros. survey conducted in March and April among construction equipment owners showed how confident the market is in transacting industrial equipment and trucks online. The study showed more than 70% of the respondents claiming that buying and selling heavy machinery online is a good replacement for doing it face-to-face. This shift to online transactions, clearly accelerated by COVID-19 in 2020, comes with a massive benefit for those overseeing asset management in our industry. Market data is now richer than ever before. The only thing standing in the way for asset managers is having good tools and services to interpret the available data.

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Before you sell: understanding how buyers determine the value of your equipment

March 5, 2021| 4 minutes to read

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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Industry Voices | Adaptation

February 11, 2021| 2 minutes to read

We all felt the shockwaves through our industry when Covid-19 kicked in almost a year ago. In a year full of ups and downs, the businesses and people in the industry have adapted to new ways of working. When the first lockdowns kicked in in March 2020, Ritchie Bros. shifted its massive equipment auctions entirely to online. Among the first was Ritchie Bros.’ Meppen (Germany) auction in March 2020 that pre-COVID saw hundreds of on-site bidders attend. Processes were adapted to facilitate the online auction experience, resulting in 40% more bidders compared to the same auction the year before.

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Selling at Ritchie Bros. – Online Timed Auctions vs. Marketplace-E

February 2, 2021| 6 minutes to read

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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