Ritchie Bros. Financial Services funds US$1+ billion in equipment and vehicle purchases in 2022

Jan 11, 2023

For the first time in its 11-year history, Ritchie Bros. Financial Services surpassed US$1 billion in annual funded volume, helping tens of thousands of customers around the world purchase used equipment, vehicles, and other industrial assets in 2022.

"Ritchie Bros. Financial Services continues to drive industry-leading customer experience with our innovative, flexible financing and leasing solutions, combined with a fast and efficient approval process," said Chris Quinn, Vice President, Sales & Marketing, Ritchie Bros. Financial Services. "In 2022, more than half of our funded volume came from repeat customers. At the same time, we are attracting new customers every single day. Last year, we also saw approval rates above 80%, which is a new record, and the percentage of transactions funded on the Ritchie Bros. marketplace increased by 15%, helping facilitate more transactions for buyers and create better pricing for sellers."

Ritchie Bros. Financial Services offers several different solutions to its customers, including PurchaseFlex Financing, which enables customers to get pre-approved for financing for any type of equipment, regardless of brand or asset type. This is unique to RBFS, as most traditional lenders require exact equipment details prior to approval, which limits your options on auction day. This increased flexibility, along with the ease and speed of approvals, has made RBFS a preferred choice for customers acquiring used equipment. PurchaseFlex Financing also offers $0 down and 90- or 120-day payment deferment options

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John Deere rolled out its next-gen motor graders at ConExpo 2026, outfitting the P-Tier models with new automation features, displays and updated cabs.

New P-Tier models include the 620, 622, 670, 672, 770, 772, 870 and 872. All models except the 870 and 872 are also available in Deere’s more basic G-Tier variants.

Equipment World got a closer look at the company’s 772 P-Tier at the show. To get a complete walkaround of the machine, check out the video above with Deere Product Manager Matt Costello.

Inside the 772 P-Tier Motor Grader

The 772 P-Tier is powered by a 275-horsepower John Deere PowerTech diesel engine.

Costello says the foundation of the motor grader is Deere’s premium circle featuring a fully-sealed bearing. “We build all of our tech and all of our features off of this premium circle,” he says. “It’s going to stay nice and tight and accurate whether you’re running your blade in 2D, 3D or standard operation. You don’t have to worry about shimming and doing some of the adjustments that historically you would’ve had to do.” The circle is paired with encoded cylinders equipped with a sensor that tells the machine the exact position of the blade.

Another hallmark of the P-Tier lineup is flexible machine technology that can be upgraded at any time. Standard technology includes Cross Slope, SmartGrade Ready option, SmartGrade with Topcon and SmartGrade with Leica, return to straight, Auto-Articulation, Blade Flip, Machine Presets, lever steering, and choice between fingertip or joystick controls. Optional features include Machine Damage Avoidance, Auto-Pass, Smart Saddle and Intelligent Blade Control.

Inside the cab, operators will find eight-inch touchscreen primary display, Automatic Temperature Control system, electrohydraulic (EH) controls with standard steering wheel, centralized machine-function switches and an adjustable heated and ventilated air-ride seat.

A front camera allows operators to see down and alley or past a building without pulling the machine into the road. The front camera can be paired with the two rear cameras to further enhance the field of view, accessible on dedicated displays in the cab. v

To learn more about John Deere’s latest P-Tier motor graders, check out the video above.

Motor Grader Market Pulse

More than 1,100 new financed motor graders were sold in the U.S. between June 1, 2025, and May 31, 2026, according to EDA. (EDA and Equipment World are owned by Fusable.)

Deere ranks second in motor grader sales, behind Caterpillar. Its most popular model is the 772G, positioning the new 772 P-Tier a strong contender in the market.

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