Ritchie Bros. supports equipment owners with flexible disposition options to improve cash flow, including advance payment options and purchasing seller assets outright. While many of us are isolating at home during the coronavirus pandemic, the world of heavy equipment auctions is still turning. At Ritchie Bros., we've taken all our auctions online and have so far seen very little change in anticipated demand – or selling price levels – for secondhand construction and agricultural machines over the last few months.
Literally speaking, it has been relatively quiet around Ritchie Bros. auction sites recently. The world's largest heavy equipment auctioneer is known for its energetic equipment auctions held all over the world with "singing" auctioneers, rolling machinery, and big bidding crowds. But the theaters have been empty and will remain empty for now. Has the industry stopped buying and selling machinery? On the contrary. Due to the coronavirus pandemic, Ritchie Bros. temporary holds all its auctions via internet and is currently seeing unprecedented online participation. Businesses continue to buy equipment at the auctions in great numbers.
For more than 60 years people have bought and sold machinery, trucks and more at Ritchie Bros.' auctions.See the video and experience what the auction is like!
So, you're considering buying a tractor or other piece of farming machinery. Buying it new with the dealer has its advantages, but it can be quite costly. The good news is there are alternatives, and for all budgets. The used tractor market is HUGE and has a lot of choice. There are dealers, brokers, listing websites, auctions and other places to buy from. More and more people are finding what they need at auctions, where there's a large choice available and there is no fixed price. A good deal can be made. But there's also things to be aware about. Here's 6 things to avoid when buying at an auction.
Agritechnica – the world's largest farming machinery tradeshow hosted in Hannover, Germany from 10 until 16 November – offers a wealth of innovative ideas and inventions in the field of agricultural technology. Many of us working in the agricultural industry are looking forward to discovering the latest products and trends. Do you already have tickets to the show? There will be more than 2,750 exhibitors from 51 countries, including many leading businesses such as Fendt, Massey Ferguson, Case IH, Deutz-Fahr, New Holland, Kubota, JCB, John Deere and others. We handpicked a list of 7 things you do not want to miss.
It's hard to imagine construction or mining operations running smoothly without wheel loaders. This versatile piece of equipment has been one of the most popular machines for decades and likely to stay around for many more years to come. The global population of wheeled loaders is believed by Off-Highway Research to have risen by 75% over the last decade from 1.3 million machines in 2008 to 2.23 million a year in 2017. The value of the sector is expected to reach USD 17.8 billion (EUR 15.9 billion), in today’s prices, by 2022, compared to USD 14.8 billion (EUR 13.2 billion) in 2017 – a 20% increase.
They say it’s not what you’ve got, it’s how you use it. As so in love, technology and business, you’re probably not getting the most out of the IronPlanet experience without a holistic understanding of all the tips and tricks at your disposal, even if you’re already an IronPlanet fanatic.
We understand there can be a bit of a learning curve to the platform, so we’ve put together a straightforward guide on the most essential features that’ll help you master our online buying process. Once you’ve got a handle on these fundamentals, you’ll possess the know-how it takes to utilize IronPlanet to its fullest every visit moving forward.