Skip to main content

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.

For more information on companies in this article

Related Content

  • 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.
  • IronPlanet launches TruckPlanet online marketplace
    April 30, 2013
    IronPlanet, a leading online marketplace for used heavy equipment, has launched TruckPlanet, an online marketplace dedicated exclusively to buying and selling used commercial trucks. “We are very excited to bring the same marketplace that changed the used equipment business to the truck industry,” said Greg Owens, CEO of IronPlanet. “Truck buyers and sellers can now enjoy the convenience and confidence at TruckPlanet that our used equipment customers have come to know and trust at IronPlanet.” Since IronPla
  • Exports are strong for SANY Road Machinery, which is also launching new models
    October 16, 2013
    SANY Road Machinery is widening its product line and is also building its sales outside of China. The company is a strong player in the asphalt batching plant sector in China and is also now exporting this equipment to markets including Africa, the Middle East and parts of South East Asia. Xie Zhixia is chairman of SANY Road Machinery, one of the group’s best established divisions and said, “Our overseas sales revenue keeps growing.” And he added that around 50% of the machines the firm builds are now expor
  • Volvo CE making moves
    June 26, 2025
    Volvo CE is making major moves to boost sales for Europe while selling its stake in SDLG.