Aaron Traffas: Hello, this is Aaron Traffas with Purple Wave. On February 24, Purple Wave will conduct an auction of equipment and vehicles for the rental company RSC. I’m going to speak with Purple Wave’s Founder, Aaron McKee, who’s been working on auction logistics for this event. Good evening, Aaron, and thanks for joining me.
Aaron McKee: Well, good evening Aaron. I’m glad to have an opportunity to talk to you this evening.
AT: This February 24 auction is a large, single-seller auction with many different locations. For anyone who may be unfamiliar with RSC, tell me what RSC does and where they operate.
AM: RSC is one of the nation’s largest rental equipment yards. They sell and rent equipment all through the United States. It’s a company we’ve worked with closely over the last year or two. They’ve got a lot of nice equipment that they roll out of their fleet and some of it they choose to sell at auction with Purple Wave.
As you just mentioned, we’ve sold several times for RSC already. What makes this auction different from those that we’ve conducted in the past?
Well, a couple of things, Aaron – number one, it’s a little bit bigger auction than we’ve done for them most of the time. Another thing about this auction that makes it quite a bit different from probably any auction Purple Wave has done is we’re selling in a lot of unique locations. We’re selling some equipment from all over the country, a lot of nice equipment in places that we don’t normally go so we’re really excited to get an opportunity to experience some new markets.
What kinds of equipment will be featured in this auction?
There’s kind of a smorgasbord of good equipment that we’ll be selling. Some of it will be equipment from their rental fleet – some light towers, some lifts, some generators and some pieces of equipment that’s in their general rental fleet. The majority of equipment that we’ll be selling is their non-rental fleet – some of the pickups and roll-off trucks and heavy trucks that they use to move equipment, the service trucks that they use to run their business on a day-in, day-out basis. Those pieces of equipment are ones that they’ve replaced with new pieces of equipment – new trucks, new fleet. We’ve been selling a lot of those trucks for them in the past. A lot of times these trucks – there’s nothing wrong with them, they’ve just met the end of their service life for their business and they’re looking for a new owner.
Talk about some of the marquee items that we’ll sell in this auction.
Well, we’ll be selling several roll-off trucks. Those are always good pieces of equipment that people are looking for. We’ll also be selling some service trucks – some later model, lower mileage service trucks, I guess, than you’d find coming out of a lot of places, definitely well-maintained. One of the things about this sale that is a little bit different as well, Aaron, is that a lot of this equipment is coming in last-minute. They’re making some management decisions about what’s going to be in the sale and what’s not going to be in the sale. So it’s one of those opportunities to watch the website closely, because a lot of stuff is coming in and inventory being swapped – I guess that’s always an opportunity for buyers. We’ve got F250, F350 Super Duty trucks already in and some light towers, but we know that there’s some really nice, heavier roll-off trucks and some heavier equipment-moving equipment coming in.
Aaron, as we’re recording this, we’re just now seeing the first fifteen or so items going up in this auction. We’ll continue to see additional items listed as soon as we get pictures and descriptions. When do we anticipate having the complete inventory listed?
We don’t always know that answer exactly, when the last item’s going to be up. We know we’ve got guys in airplanes and in cars tonight driving to locations all over the country to get these things listed. We should see the majority of the inventory up in the next week or so.
Because this auction features so many different locations, it’s going to be important for prospective bidders to pay close attention to the items’ details. How will inspection and pickup be handled for the many different locations?
Hey, you know, Aaron, that’s one of the great things about working with a company like RSC where they’ve got regular business hours and people that are used to dealing with the general public is when their business is open they’re generally ready to let people inspect the equipment and let people pick up the equipment. I think the most important thing that you need to be looking at in the terms is how far you’re going to have to drive to pick up the equipment because it’s not all going to be in the Midwest.
Is there anything else you want to tell us about the auction, Aaron?
Hey, we’re just excited to be doing it. It’s going to be a nice opportunity to buy some equipment that’s been well-maintained and there might be an opportunity for some buyers to keep their eyes open and make a last-minute purchase.
Thank you, Aaron. It’s been a good time here and I look forward to the next time.
Bidding for the RSC equipment and vehicle auction is open now and will close Friday, February 24, beginning at 10 a.m. central. Like all Purple Wave auctions, there are no reserves or minimum bids. Items receiving bids in the last few minutes will be automatically extended to give everyone a fair chance to bid. There’s no advantage to waiting, so view the complete inventory with inspection information – and place your bids now – at purplewave.com.