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

  • DEUTZ wins record level of orders under current business structure
    August 8, 2013
    DEUTZ has won a record level of new orders under its current business structure in the first half of 2013. The globally renowned German diesel engine manufacturing firm saw new orders rise by over 20% year on year to €843.5 million, compared to €701.0 million in H1 2012. Despite the number of engines sold by DEUTZ in H1 2013 falling by 8.5% to 85,907, compared to the corresponding period of 2012 (93,853 units), the company’s first-half revenue declined by only 2.8% year on year to €662.1 million, compared t
    Read More
  • BOMAG is launching new road construction machines
    October 6, 2015
    German firm BOMAG continues to grow its presence in the road construction equipment sector. In the 10 years since BOMAG was purchased by the French Fayat Group, BOMAG has broadened its product range beyond being a leader in the compaction sector and invested heavily in its manufacturing facilities. It has also forged strong links with its Italian sister company Marini, the asphalt plant manufacturer, with the two jointly developing a wide array of asphalt road construction technologies. BOMAG recently he
    Read More
  • Major gains in concrete plant technology
    June 28, 2013
    There is a great deal of innovation across the concrete plant, pump and truck mixer sector. Guy Woodford looks at what some of the sector’s biggest names are offering. CIFA managing director Davide Cipolla believes the Zoomlion-owned Italian firm has “not reached the limit” of what it can offer customers, thanks to a significant investment in research and development. Speaking about a US$2.57 million-a-year (€2million) R&D investment in CIFA and some Zoomlion products over the last five years Cipolla, who i
    Read More
  • Wirtgen Group aims for €1.8bn 2012 sales and targets emerging markets
    September 25, 2012
    Wirtgen Group expects to achieve record net sales of €1.8 billion in 2012, according to joint company president Jürgen Wirtgen. The performance forecast for the German road building and quarrying equipment manufacturer – a slight rise on 2011 net sales of €1.76 billion – was revealed as Jürgen and brother and co-Wirtgen Group president, Stefan Wirtgen, told a press conference at the recent Wirtgen Mineral Technology Days event about the company’s sales push in emerging markets.
    Read More

Highlighted Content