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04 July 2019

Ritchie Bros conducts its largest Japanese auction

First publishedon www.AggBusiness.com
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The Narita auction included wheeled loaders, excavators, compactors and dozers

Ritchie Bros says it staged its largest-ever auction in Japan this week (July 2), selling more than 330 equipment items and trucks for dozens of owners at its site in Narita.

Specific equipment on sale in the auction included 210+ excavators, 15+ dozers, 15+ compactors and 10 loaders.

The inventory included a large number of late-model, low-hour units, as well as 85 machines that are compliant with US Environmental Protection Agency (EPA) standards. All items were sold without minimum bids or reserve prices.

“This record-breaking auction is a testament to the relationships we’ve developed with our consignors in Japan, particularly Nippon Caterpillar, as well as Kanamoto, Kubota Kenki, and Mitsui Sumitomo Finance,” said Ivan Wang, general manager for Japan, Ritchie Bros.

The auction included a large selection of Caterpillar excavators, dozers, and loaders, along with other major Asian manufacturers including Komatsu, Kubota, Hitachi, Takeuchi and Mitsubishi.

“We’ve seen a steady growth of international buyers attending our Narita auctions over the last two years, and we expect that trend to continue,” said Karl Werner, president international, Ritchie Bros. “Buyers look to source equipment from Japan because of its reputation for well-maintained machines.”

Companies in this article

Ritchie Bros.
www.rbauction.com
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