With a tightened supply of new equipment and improved productivity in the construction industry, demand for used equipment and heavy machinery continues to remain strong in the first quarter of 2023, says Ritchie Bros. Continuing effects of chip shortages, manufacturing delays and other market conditions underpin the demand for used and near-new equipment from buyers located around the world, added the auction house: "As more equipment buyers around the world turn to used equipment to meet their fleet management needs, Ritchie Bros.' auctions in Dubai continue to attract strong online attendance with over 1,000 bidders from 69 countries participating in the company's most recent January online auction. Top buyer countries were the UAE, Kuwait, India, USA, and Uganda. However, the most recent auction also drew registrants from Canada and The Netherlands among others, demonstrating widespread acceptance of online auctions from offshore bidders."