bidadoo sales increased over 70 percent in the 1st Quarter of 2019, year-over-year. The company says that this significant increase can be attributed to bidadoo's growing experienced salesforce, geographic expansion – including additional growth in Canada and Mexico, and market migration to efficient online auctions. Increased sales was also fuelled by significant growth in the bidadoo Marketplace (Multi-channel: Buy-Now, Make-Offer), and further investment in customer-facing reMarketing technologies. These investments have greatly expanded bidadoo's operational capabilities, and success, in supporting some of the world's largest fleet owners.
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Ritchie Bros. has conducted its first Edmonton, AB auction of the year, selling more than 5,000+ equipment items and trucks over three days for CA$69+ million (US$52+ million)—up 15% year over year.
Over 800 excavators sold as Ritchie Bros. hits record US$297+ million in world's largest equipment auction
At the Ritchie Bros. auction site in Orlando, FL last week 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 percent from last year's US$278+ million total.
Next week Ritchie Bros. will conduct one of its largest Chilliwack auctions ever, selling 1,450+ equipment items and trucks in a single day.
Ritchie Bros. conducted its first Edmonton, AB auction of the year this week, selling 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 participate in the Edmonton auction, including 6,300+ online bidders. Approximately 89 percent of the equipment in the auction was sold to Canadian buyers, with buyers from Alberta purchasing 52 percent, while international buyers from countries such as the United States, China and the United Arab Emirates purchased 11 percent of the equipment. Approximately 64 percent of the equipment in the auction was sold to online buyers.
While traditional auctioneers announced closures of live auction locations in 2017, bidadoo experienced record equipment sales on eBay through increased participation and acceptance of trusted, transparent online auctions. This growth was supported and fueled by the bidadoo 100% Guarantee, the enhanced eBay Business Equipment Purchase Protection, and eBay's 168 million active buyers.
Multiquip to auction walk-behind trowel in support of Concrete Cares' effort to increase cancer awareness
Multiquip is supporting the work of Concrete Cares, a non-profit organization, which rallies support from within the concrete industry in the fight against cancer and supports families affected by the disease.
Ritchie Bros. Auctioneers Incorporated reports results for the three and six months ended June 30, 2017. During the second quarter, the Company generated $166.2 million of revenue and $17.6 million of net income attributable to stockholders. Diluted EPS attributable to stockholders was $0.16. Non-recurring charges of $4.8 million of stock option compensation expense related to the accelerated vesting of IronPlanet stock options assumed as part of the Merger, $9.1 million of acquisition and finance structure advisory costs, $1.4 million of severance and retention costs that followed the Merger in the resulting corporate reorganization, and an $8.9 million impairment loss recognized on various technology assets were recorded during the quarter. Removing the impact of these charges, diluted adjusted EPS attributable to stockholders (non-GAAP measure) was $0.33.
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 2016 at CA$35+ million and then topped it only months later with a CA$39+ million auction in September.
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)
With the end of 2016 fast approaching and the auction site quickly filling up with equipment and trucks, the Ritchie Bros. team in Montreal are hard at work preparing to sell more than 2,500 items at the final Montreal auction of the year.
With winter on its way, many Alberta contractors are realigning their fleets for winter work, making it a perfect time for another Ritchie Bros. auction. More than 10,600 people registered to bid for the company's latest Edmonton, AB auction, held last week. More than 8,000 equipment items and trucks were sold in the four-day auction (Oct. 25-28, 2016) for CA$129+ million (US$96+ million).
Having already sold more than 25,000 items in Edmonton in the first half of 2016, Ritchie Bros.' flagship Canadian site will host its fourth auction of 2016 September 7 – 9. More than 5,100 equipment items are already listed to be sold in the September auction, with more to be added before auction day.