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Ritchie Bros’ Iron Planet Japan National Auction

by Philippine Resources - June 28, 2022

Photo credit: Ritchie Bros

Connecting buyers and sellers of used construction and industrial assets, Ritchie Bros. (NYSE and TSX: RBA) is a the leading global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets in numerous industries including construction, transportation, agriculture, energy, oil and gas, mining, and forestry.

For Filipino’s “Japan Used” is a brand name. Thousands of units of quality used equipment are imported every year into the Philippines and are used by Philippine contractors, miners, transport companies, etc. to efficiently run their operations.

With more than 25 years’ experience conducting auctions in Japan, Ritchie Bros is the professional source for quality used equipment in Japan. Ritchie Bros utilizes its online only auction platform, www.ironplanet.com, to allow the sale of equipment from all over Japan to be sold at one time. Ritchie Bros conducts four Iron Planet Japan National Online Auctions a year. 

By using Ritchie Bros’ Iron Planet online auction platform, Pinoy buyers can buy directly from the source, thus, saving costs. Additionally, Pinoy buyers can utilize Ritchie Bros’ Iron Planet inspection reports of each machine, prior to bidding. These are industry leading reports that provide potential buyers with extensive detailed information, along with dozens of photos. We also can recommend logistics companies who can assist you with load out and delivery of the machines to the Philippines. Ritchie Bros makes everything easy, giving you the confidence to bid and purchase.

For more information about how to participate in either a Ritchie Bros Live Unreserved Auction (www.rbauction.com) or a Ritchie Bros Online Only Auction (www.ironplanet.com), feel free to reach out to Ritchie Bros’ Philippine representative, Chris Edwards who is based in Manila, Philippines at cedwards@ritchiebros.com or +63 917 149 8545


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RITCHIE BROS. RETURNS TO THE PHILIPPINES AS SECONDHAND PRICES SOAR

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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Philippine Resources - November 08, 2021

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

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.” 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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Philippine Resources - December 07, 2021

Partner with Ritchie Bros. to sell your assets and maximize the value of your fleet

When it’s time to upgrade your fleet, it’s not always easy to maximize the value of your redundant assets. Most equipment owners lack the resources or knowledge of how to properly remarket assets and market them to national, regional, and global markets. The key to remarketing your equipment is understanding current local and global market trends, identifying key attributes that create value for your assets, and reaching motivated buyers through targeted marketing campaigns. To accomplish these goals and ensure you get the most return for your machines, you need to partner with a company that has the experience, market knowledge, and marketing reach to ensure a successful sale. Ritchie Bros. has multiple sales channels to match the right channel with the customers’ needs and requirements. Ritchie Bros. Unreserved Online Auctions Ritchie Bros. IronPlanet Online Reserved Auctions Marketplace E – 24/7 Global Marketplace Ritchie Bros. Private Treaty – negotiation and sale of your equipment for cash. Chris Edwards, Philippines Sales Manager, is based in Manila and can assist sellers through the entire process, from evaluation, assessment of assets, providing recommendations, and ensuring global marketing campaigns are reaching the most motivated buyers. Combining your assets with Ritchie Bros. expertise and experience is a solution for success. For more information about how to partner with Ritchie Bros. in the Philippines, visit www.ritchiebros.com or contact Chris Edwards, Philippines Sales Manager, at +64 917 149 8545 or cedwards@ritchiebros.com

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