Industrial auctioneer company Ritchie Bros. is expanding their Dubbo auction site a second time, on the back of unprecedented demand in the region.
When the Dubbo facility opened in February 2021 it was originally 6,500 square metres, but the site quickly grew to 12,000 square metres in June the same year.
Now the site has grown again to triple its original size, with Ritchie Bros. Sales Director Finlay Massey indicating the 18,000 square metre increase will accommodate rising demand in the region.”
“Dubbo has been an integral piece of the puzzle in our national yard strategy. Ritchie Bros. is committed to supporting businesses in regional New South Wales to source and sell used equipment,” said Massey.
“Our Dubbo yard has filled a gap and the response from the community has been tremendous.”
Territory Sales Manager, Stephen Martin indicated that the company is seeing more sellers from the area tap into its national sales.
“Large consignors like Stockmaster, Cole for Cranes, Dubbo Booms & Scissor Lifts, and Robert Holmes Transport embraced the new yard this year and achieved record-breaking returns for their equipment and trucks,” Martin said.
“In our February auction we had only 55 lots in our Dubbo yard, since then we have had 825 lots pass through our Dubbo yard to go to unreserved auction.”
“We would like to extend our thanks to our customers in regional New South Wales who have made this expansion possible and have welcomed us with open arms.”
The new Ritchie Bros. Dubbo yard is located only minutes from Cole for Cranes and Dubbo Booms & Scissor Lifts, who assisted in reducing transportation costs and place their equipment on the global market in economical fashion.
Proximity was one of the reasons they chose Ritchie Bros., but Stuart Cole also said he was eager to proceed with Ritchie Bros. due to their reputation for attracting buyers.
“The majority of the assets sold for amounts that exceeded our expectations and the convenience of dealing with Ritchie Bros. made the process easy and stress-free. We were really happy with the result,” said Cole.
As world leading asset remarketers, everything sells on the day at an unreserved auction, but Ritchie Bros. also run reserved auctions through IronPlanet, which is a convenient way to sell equipment quickly to a global database. Marketplace-E, Ritchie Bros. 24/7 marketplace also offers sellers increased control over price, location, and timing.
More details on Ritchie Bros. auctions can be found here.