Marketplace-E hits US$500M in just 12 months

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Big sellers on Marketplace-E

34,000+ items sold for US$1.2+ billion in three years

Ritchie Bros. launched Marketplace-E as a price-controlled option for consignors with Make Offer and Buy Now formats. In 2021 this new innovative solution is continuing to gain steam, with more than US$500 million of equipment sold through Marketplace-E over the past 12 months.

“We have built out an amazing team of multilingual Marketplace-E Specialists who leverage Ritchie Bros. analytics and real-time demand data to help you find the right buyer,” said Kari Taylor, Chief Revenue Officer, Ritchie Bros. “As a result of these changes, items are selling approximately 40% faster on Marketplace-E today!”

We continue to increase the presence of Marketplace-E across all our websites, driving more buyers than ever to the site. This year Marketplace-E has helped more than 2,500 customers sell items, including premier North American rental company Sunbelt Rentals, which has a fleet of 600,000 assets across its 975 rental locations.

We are a long-time Ritchie Bros. customer and are pleased with our partnership and their ongoing investments made on behalf of Sunbelt Rentals. This allows us to focus on our core business of delivering world class customer service and solutions. The Ritchie Bros. team continues to focus on innovative ways to improve fleet disposal, asset management, and recovery against OEC,” said James Dennis, Vice President Fleet Management at Sunbelt Rentals.

“We now have access to an expanded footprint and tools to help us better manage how, when, where, and what price to sell our assets—because we have the flexibility of choosing the proper Richie Bros channels, using a Ritchie Bros. location, or remarketing directly by Sunbelt we are improving the efficiency of our disposition process as well as recovery on equipment sold.”

Check out the top 10 items sold on Marketplace-E in 2021, also posted on our blog.

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