Auction success in Europe

Euro Auctions claims its latest sale in Germany has been a major success.
February 29, 2012 Read time: 2 mins
214 Euro Auctions claims its latest sale in Germany has been a major success. The firm says that its recent Dormagen sale on 12th-13th May saw 1400 lots go under the hammer, none of which had fixed reserves. The most popular type of machine being sold was the 20tonne (and over) hydraulic excavator. The company says that a growing trend in this sector is for internet bidding with interest doubled over the previous sale. In all over 250 internet bidders registered. Internet bids at this sale were also placed on over two thirds (71%) of lots and over a quarter (27%) of all final successful hammer bids being received electronically.

The total number of lots being offered at Dormagen this time was up 30% on the February sale and approaching the volumes achieved last autumn, which is regarded as the most popular time to upgrade existing plant. The overall number of sellers was also up by 16%, with an ever growing number of German companies entering equipment into the sale. Buyers from over 40 countries were represented at the sale, with a quarter (25%) of the 400 registered buyers being based in Germany. There were also a noticeable number of first time German registrations, highlighting the growing interest in Euro Auctions sales; and much of the equipment that went under the hammer is destined to remain in Germany.

The Netherlands, Poland and Russia also proved to be the new home for a significant amount of the plant purchased. In addition to activities at Dormagen, Euro Auctions regularly holds plant and equipment sales at Leeds in the UK and Valencia in Spain, as well as its well established sales at its home base of Dromore in Northern Ireland. Plant, machinery and equipment entries to be included in the next Dormagen sale on 15th-16th September are already being received.
Finance & Funding

For more information on companies in this article

Related Content

  • RUBBLE MASTER extends Chinese presence
    November 28, 2018
    Austrian global compact crusher manufacturer RUBBLE MASTER is benefiting from a growing dealership presence in the Chinese market – with 11 local sales partners signed up in just one year. The latest local sales partner, based in Beijing, has been recruited this week by RUBBLE MASTER’s five-employee strong, Tianjin-based sales subsidiary, Tianjin RUBBLE MASTER Technology. RUBBLE MASTER’s sales reach now stretches from Jilin in China’s north-east, to Guangdong in the south, and as far west as Sichuan. The
    Read More
  • Volvo CE looks strong on healthy orders
    January 31, 2018
    Volvo Construction Equipment (Volvo CE) reports a strong performance for the fourth quarter of 2017. This helped its parent company, the Volvo Group, achieve the highest sales and operating income in its history. Improved competitiveness coupled with growing demand, especially in Asia, boosted Volvo CE’s performance in sales, operating income, and order intake.
    Read More
  • Growth in asphalt testing equipment
    February 21, 2012
    The building of Italy's highway system just over four decades ago led to the formation of a testing equipment company. It is now among the world leaders. Just over 40 years ago a big surge in construction of the Italian highway system presented an opportunity to a team of local entrepreneurs.
    Read More
  • Russian construction machine exhibition for 2019
    December 18, 2018
    Plans are in hand for the bauma CTT RUSSIA 2019 construction machinery exhibition, which will be held in Moscow from June 4th-7th 2019. Registration is now underway for the event, claimed to be Russia’s most important construction equipment and technologies trade fair. The event will be held at Moscow’s Crocus Expo IEC and this show will be of special note as it will be the 20th anniversary of the exhibition. The organisers point to Russia’s positive economic market due to planned infrastructure expansion a
    Read More

Highlighted Content