Heavy machinery sales surge at Ritchie Bros. auctions

D.Ann Shiffler Editor in Chief, American Cranes & Transport

01 July 2021

Ritchie Bros.’ Jeroen Rijk said he hasn’t seen anything like the surge in equipment pricing in his 25 years working in the industry.

Long lead times on new equipment and increased construction actvity have pushed heavy machinery demand at Ritchie Bros. to unprecedented levels, the company said. During the first quarter of 2021, Ritchie Bros.’ website traffic is up 47 percent year over year while bidder registrations are up 49 percent, the company…

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