Ritchie Bros. Japan National Auction to attract buyers in the Philippines

by Philippine Resources - November 08, 2021

Ritchie Bros. will conduct its largest auction of the year in Japan, selling more than 200+ vehicles, equipment items and trucks at its site in Narita on November 24-25. The Japan National IronPlanet Auction is set to be the largest of the year, with more inventory to be added daily. Day one of the auction (November 24) dedicated to over 140 passenger vehicles while day two (November 25) will focus on trucks and equipment.

“Our Japan auction is a great opportunity for customers in the Philippines to source high quality Japanese equipment from the most trusted name in the equipment business,” said Chris Edwards, Ritchie Bros. Senior Territory Sales Manager for the Philippines. “Day one of the auction will feature 140 vehicles including passenger vans, sedans and utility trucks, and on day two a huge selection of excavators, dozers, and wheel loaders, and dump trucks will go under the hammer.”

"We've seen a steady growth of buyers from the Philippines attending our online auctions in Japan over the last two years, and we expect that trend to continue," said Mr. Edwards. "The majority of used equipment imported into the Philippines comes from Japan because of its convenient proximity and reputation for quality assets. Buyers in the Philippines choose Ritchie Bros. to source their used equipment due to our longstanding reputation in the Philippines as the trusted global marketplace and our commitment to fairness and transparency.”

2003 Cat 740 Art Dump Truck

Specific equipment highlights in the Japan auction include a 2007 Cat 320D, a 2009 & 2008 Cat 311DRR, a 2003 Cat 740 Art Dump Truck, a 2001 Sakai TS160-7 Pneumatic Roller, and a 2011 Kubota R430Z Wheel Loader. Bids can be made online in real time at ironplanet.com. The auction will begin promptly at 8:30 a.m. local Narita time on November 24, 2021.

Chris Edwards, who is based in Manila, was appointed at the beginning of 2021 to accommodate rising demand in the Philippines. “We have returned to the Philippines as the global market appetite for used equipment and machinery has burgeoned over the last two years with no sign of demand slowing down.”

Ritchie Bros. sold more equipment and machinery in 2020 than any other auction company. The Covid-19 pandemic has continued to accelerate acceptance of large-scale online equipment sales and purchases. Since shifting to exclusively online auctions, the market leader has continued to see record-breaking bidder participation, strong buyer demand, and outstanding results for buyers and sellers.

Ritchie Bros. will be conducting the auction through its online auction platform IronPlanet and will be the final auction in Japan for 2021. This is an ideal sale for Philippine buyers to acquire quality used equipment from Japan before the new year. For more information, head to www.ironplanet.com.

For support with registration and bidding, contact Chris Edwards on +63.917.149.8545 or cedwards@ritchiebros.com

 



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With global OEM production slow-moving due to the pandemic and secondhand equipment prices reaching new heights, Ritchie Bros. Senior Territory Sales Manager Chris Edwards is encouraging consignors in the Philippines to bring their assets to market. Chris Edwards, who is based in Manila, was appointed at the beginning of 2021 to accommodate rising demand in the Philippines. Chris Edwards “Ritchie Bros. has a long-standing reputation in the Philippines. The first Ritchie Bros. auction ever hosted in Asia was in Subic Bay in 1994. We pioneered the auctioneering business in the Philippines with permanent live auction sites from 1994 to 1999, now we’re back with a new office in Manila to support buyers and sellers in the Philippines” said Mr. Edwards. “We have returned to the Philippines as the global market appetite for used equipment and machinery has burgeoned over the last 18 months with no sign of demand slowing down. “Philippine mining companies have experienced record-breaking quarters and rising commodity prices. This is a great time to bring used equipment to our global market and get the best possible price. We continue to secure great results for mining companies across Asia through our various sales channels. “We have Territory Managers all throughout the Asia-Pacific region ready to help consignors get the best price for their used equipment. As world-leading asset remarketers, with expertise on the ground, our comprehensive sales solutions give consigners a choice of selling solutions through Ritchie Bros. Auctioneers unreserved auctions, IronPlanet reserved auctions, or our 24/7 Marketplace-E.”  Ritchie Bros. sold more equipment and machinery in 2020 than any other auction company. The Covid-19 pandemic has continued to accelerate acceptance of large-scale online equipment sales and purchases. Since shifting to exclusively online auctions, the market leader has continued to see record-breaking bidder participation, strong buyer demand, and outstanding results for sellers. Need help selling your assets? Contact Chris Edwards on +63.917.149.8545 or cedwards@ritchiebros.com


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