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

  • Safer roads needed for the gig economy
    May 14, 2019
    Roads everywhere are becoming high-pressure workplaces for millions of gig economy workers, meaning traffic police need a new way to regulate how highways are used. Geoff Hadwick reports from Manchester, UK The way in which the world’s highways are designed, built and used needs to change fast as the gig economy becomes a global phenomenon. Millions of low-paid and badly-trained freelance drivers are now using road as their workplace, all of them working hard under huge amounts of pressure. The tren
    Read More
  • 50th anniversary celebration for Komatsu’s Italian facility
    January 21, 2014
    Komatsu’s utility equipment operation in Italy recently held its 50th anniversary celebration, as well as highlighting new product developments. The current plant was established by the Italian firm FAI in the town of Este around 30 years ago, close to the city of Venice. When rules on importation of machine into Europe were established in the late 1980s, Komatsu discussed a partnership with FAI. This was established in 1988, later buying out the majority share in the plant held the Italian founder in the e
    Read More
  • CEA: UK Construction equipment sales show strong growth in Q1
    April 26, 2023
    In March, year-on-year retail sales of construction and earthmoving equipment increased by 15%. This took first-quarter sales to 9,500 units, nearly 9% above the levels seen in Q1 2022, as shown in the chart below.
    Read More
  • The most dangerous times on US roads
    July 2, 2018
    Newly available data from the Insurance Institute for Highway Studies (IIHS) shows the most dangerous days for drivers on US roads. The research studied fatal crashes that occurred between 1998 and 2014, revealing that summer and early Autumn have the highest rates of fatal road crashes. The risk of crashing is higher at the weekend than during the working week, with the 3pm to 7pm time slot having a particularly high risk of road fatalities. Most dangerous of all are New Year’s Day and the US Independence
    Read More

Highlighted Content