Almost 90 forklifts were sold at Ritchie Bros Auctioneers' record- breaking unreserved Internet auction in Fort Worth, Texas from July 11-13.
Ritchie Bros division manager David Hobbs says over 50 telehandlers and around 20 rough-terrain forklifts were sold at Fort Worth.
"A wide range of manufacturers were represented, including Caterpillar, Nissan, Hyster, Mitsubishi, Skytrak, Cat, Terex, Case and Ingersoll-Rand."
Hobbs adds that the equipment came from different consignors - equipment rental companies, dealers and end-users.
"CitiCapital Commercial was one of the major forklift consignors at this auction, selling over 30 items."
CitiCapital president Rob Cook says the company has had an exclusive remarketing arrangement with Ritchie Bros for end-of-lease and repossessed equipment since 2005.
"At Ritchie Bros auctions, our equipment receives exposure to a very large pool of potential buyers - attending the auction in person or via the Internet - resulting in better price and net proceeds than we previously experienced.
"CitiCapital also has a finance program for equipment buyers at Ritchie Bros auctions."
About USD11 million of the USD38 million of equipment sold was bought online, a new record for the Fort Worth auction site. More than 2,200 registered bidders from 38 countries, including 45 US states and nine Canadian provinces, participated in the auction. Almost 3,000 items from over 400 sellers were on auction.
Over 800 participants took part using rbauctionBid-Live. Internet bidders were winners or runners-up on 32% of the 1,800 items available online.
Among the industrial equipment for sale were 100 truck tractors, seven cranes, about 50 hydraulic excavators, 31 motor graders, 26 motor scrapers, 58 crawler tractors, 82 wheel loaders, and almost 200 forklifts, scissor lifts and boom lifts.
According to Ritchie Bros, over 10,300 items will be sold in its upcoming auctions. Details are available on
www.rbauction.com.
Ritchie Bros' Forklift Facts- The largest number of forklifts sold in a single Ritchie Bros' auction was over 320 units in Orlando, Florida in February 2007.
- The highest bid for a forklift was USD270,000 for a Kalmar DCD 300 sold in Sacramento, California in June 2007.
- During January-June 2007, over 4,200 forklifts were sold at Ritchie Bros' worldwide auctions.
- In 2006, over 7,500 forklifts were sold at Ritchie Bros' worldwide auctions. Over 20% went to overseas buyers.