Hiboo, an expert in analysing the data of industrial assets, and Ritchie Bros, one of the world’s leading online sellers of second-hand equipment (for the construction and farming sectors), are working together on certain batches of machines from the rental company ENCO so as to share the history of machine data certified by the manufacturers.
Ritchie Bros has transformed its business model in order to adapt to selling exclusively online, has initiated a pilot project with technology from Hiboo – acting as a trusted third party – to provide buyers with certified data from the manufacturer and make it easier for them to decide on what to purchase. They will now have access to data from the hour meter, the odometer and the “error code” of machines before they are sold.
By providing more transparency in this way with regard to the condition of machinery, Ritchie Bros intends to establish greater trust between sellers and buyers. The data collected and provided by Hiboo will be made directly available on Ritchie Bros’ webpage presenting the equipment for sale. Once purchased, the owner will have “freemium” access to the Hiboo application, by means of which he or she can control the performance or the energy consumption of the equipment.
The rental company ENCO, which is very active in the digital sphere, is the first data custodian of Ritchie Bros to have authorised access to the data in order to increase the level of purchasers’ confidence in its equipment. Since the pilot project began in July 2022, data certified by Hiboo has already been passed on to do zens of buyers.
“Material assets emit a wealth of information that makes it possible to create value at all the stages of the lifespan of a piece of equipment. We are proud of Hiboo’s position in aiming to serve a great many players in the sector.” – Clément BÉNARD, CEO of Hiboo
“This first project with Hiboo means that we can strengthen the trust between our buyers and sellers whom we want to provide with total transparency with regard to the state of the machines on sale. With Hiboo, we are extending our work on transparency by providing our clients with even more data.“ – David DAHIREL, Sales Director of Ritchie Bros. France
“Digital transformation in the construction industry is a reality. We have already made data emitted by machines available to our rental customers and this has generated a most satisfactory degree of confidence. Now it’s going to be the case for our customers buying second-hand equipment.” – Thierry BOUVELOT, General Manager of ENCO
