The Expert Podcast

• Richie Brothers Auction, the largest construction equipment auction in the country, held one of their biggest sales of the year in Fort Worth.
• They sold over $60 million worth of equipment—about 10% higher than last year’s comparable auction.
• This was their second Fort Worth auction of the year, featuring more than 700 consignors.
• Over 11,000 bidders from 60 different countries participated, with 93% of equipment sold within the U.S.
• Strong demand is driving high prices, especially for late-model equipment.
• Some equipment sold for hundreds of thousands of dollars, including boom trucks and excavators like the 570 and 650 series.
• Buyers report the construction industry is currently strong, which is reflected in the high volume of equipment purchases.
• If the industry weren’t strong, buyers wouldn’t be showing up in such large numbers.
• We want to hear from you:
  • Are you seeing the same demand in your local construction market?
  • Is your equipment rental business busy with a waiting list, or are there empty lots?
  • What types of equipment are in high demand—mini excavators, boom trucks, or others?
• Share your insights and experiences in the comments!