5:07 am November 13, 2009, by Henry Unger
How about some good economic news for a change?
If Thursday’s big equipment auction at Ritchie Bros. Auctioneers in Newnan is any indicator, the economy is on the way back, writes AJC reporter Jeffry Scott.
Prices were up and attendance was good – about 500 at the Ritchie facility, another 500 plugged in by the Internet, from 20 countries around the world. Nearly 1,200 bulldozers, dump trucks, ditch witches, excavators and their ilk moved off the lot, Scott writes.
“They say heavy equipment is a mirror of the real estate and stock markets,” said Darrin Hogeboom, regional manager of the company, which auctions heavy equipment all over the country.
“When we’re up, they’re up; when we’re down, they’re down. Right now, I’d say we’re inching up.”
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