Ritchie Bros auction hits high gear

Ritchie Bros.’ Brisbane auction on June 15 proved to be a huge success, especially for sellers in the transport and mining sector.

Buyers not only traveled from different regions, chasing all types of equipment, but also made their auction purchases online, creating great results for all equipment sold on the day.

Dale Spedding, Ritchie Bros. Regional Sales Manager, was at the June 15 auction where over 200 prime movers, trucks and trailers sold. He says the strong results were not surprising after hearing market feedback that major works had started not only in South East Queensland, but all up the east coast and into the Northern Territory.

"We were expecting a strong day overall leading up to the sale and the market reacted positively to the large inventory," Spedding says.

"We got buyers from all over Australia."

Besides strong pricing in transportation, key successful highlights of the auction were articulated dump trucks, thanks to an increase in major industry and housing developments, and a noted increased strength in the mining sector. Some mining equipment that had been parked for a while was now being placed into work.

Spedding says right now the market has a strong demand for transport trucks and good, low-hour earthmoving equipment.

He expects this demand to carry over into Ritchie Bros.’ next auctions in Brisbane (August 24) and Geelong (September 14), and well into the next 12-18 months.

Ritchie Bros. Brisbane June 15 Auction highlights:

TRANSPORT

2013
Kenworth T409SAR 6x4 Prime Mover - $250,000
2013 Mack CMHR Trident 6x4 Tipper Truck - $170,000
2008 Kenworth T908 6x4 Tipper Truck - $195,000

CONSTRUCTION

2012 Volvo A30F 6x6 Articulated Dump Truck - $270,000
2008 Cat 740 6x6 Articulated Dump Truck - $195,000
2006 Komatsu HM400-2 6x6 Articulated Dump Truck - $170,000