E-mail	Print	Subscribe to magazine		February 9, 2010

Construction Equipment Auction May Break Record

June 8, 2009

Backhoes, tractors and graders sat in neat rows in the gravel lot outside Ritchie Bros. Auctioneers.

The two-day auction of heavy industrial equipment that ended Friday was on pace to break the $29 million record set in 2007.

In Mead, northeast of Longmont, several large consignors were selling newer equipment, said Scott Forke, a vice president for special projects. "A lot of dealers are having inventory issues just because of the downturn in the economy. A lot of what we have is rental returns or lease returns," Forke said.

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[From AP via Denver Post]

E-mail	Print	Subscribe to magazine		February 9, 2010

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