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

  • LiuGong 900E excavators “very key” for company future
    April 16, 2013
    A senior LiuGong figure says the company’s keenly awaited 900E Series excavator is a “very key machine” for its future. Dave Beatenbough, vice president of the Chinese construction equipment manufacturing giant’s research and development arm, said production of the model at LiuGong’s Dressta base in Poland was expected to begin “within three months”.
    Read More
  • Volvo CE is further developing its presence in road construction
    October 3, 2014
    The road business has benefited from fairly constant levels of trading in recent years and even during the downturn, construction operations only fell by a comparatively small quantity during the downturn. Darren Fitch, director for road machinery for the EMEA region within Volvo CE said, “The road construction sector has been far less cyclical than other construction markets.” The global market for road machinery is healthy at present and he said, “We’re having a good year.”
    Read More
  • VDMA: Construction equipment & building materials plant industry in difficult waters
    August 1, 2022
    The VDMA has voiced concerns over the construction machinery segment.
    Read More
  • LiuGong is investing in product development and manufacturing
    October 11, 2013
    LiuGong has been investing heavily in manufacturing and product development, as well as building international distribution – vice president David Beatenbough spoke with Mike Woof One of Chinese leading producers of wheeled loaders, LiuGong has an increasingly international flavour. The company has perhaps a larger contingent of North American and European executives and employees working in China than most of its competitors in the country.
    Read More

Highlighted Content