Increasing interest in secondhand machines

Auction specialist Euro Auctions claims that market interest in secondhand equipment continues to rise. The firm reports strong demand for secondhand machines at its recent sales. At the firm’s three day event in Leeds in late August, almost 4,000 lots went under the hammer, the highest number sold at their Leeds auctions to date, achieving over £26.6 million. A large volume of stock had to be turned away and the cut-off date for stationary equipment was also earlier than previous auctions. In addition the
September 27, 2013 Read time: 2 mins
Auction specialist 214 Euro Auctions claims that market interest in secondhand equipment continues to rise. The firm reports strong demand for secondhand machines at its recent sales. At the firm’s three day event in Leeds in late August, almost 4,000 lots went under the hammer, the highest number sold at their Leeds auctions to date, achieving over £26.6 million. A large volume of stock had to be turned away and the cut-off date for stationary equipment was also earlier than previous auctions. In addition the number of vendors, bidders and first time buyers from across the globe were all up and 20% of all sales were secured through Internet bids.

The company’s auction in Dormagen, Germany in early September also demonstrated encouraging results with the overall hammer price increasing on the previous sale to €7.28 million. The overall number of lots sold increased, selling the highest number of lots sold at any Euro Auctions Dormagen auction. There was a significant increase in the total number of bidders and buyers participating in the auction, with over 50% of bidders taking part via Euro Auctions’ free internet bidding service.
Finance & Funding

For more information on companies in this article

Related Content

  • Dubai auction by Ritchie Bros. sets records for bidders
    September 11, 2015
    A two-day unreserved public auction in Dubai set a record for number of bidders, according to the auction organisers by Ritchie Brothers. More than US$42 million worth of construction equipment including trucks went under the hammer on September 8 and 9 in the United Arab Emirate member state. Eduard Faig, regional sales manager for Ritchie Brothers, said the event set new Dubai records for the total number of on-site bidders, reaching just over 920, and for the number of online bidders, more than 400
    Read More
  • Over 260 items available at IronPlanet’s latest used construction equipment auction
    May 24, 2013
    IronPlanet (www.ironplanet.com), one of the world’s leading online auction companies for used construction and agricultural equipment, says it will sell over 260 items of construction, agricultural and materials handling equipment at its May 29th online auction. The equipment for sale is located throughout Europe, the Middle East and Africa, and includes excavators, loaders, dump trucks, aerial work platforms, compactors, telehandlers, forklifts, tractors and generators. Among individual auction items are a
    Read More
  • Ritchie Bros. to hold UK auction in Donington Park
    July 6, 2016
    Ritchie Bros., the global equipment auctioneer, will hold its first unreserved public auction in the UK after the country voted to leave the European Union. New and used equipment from the construction, transportation and agriculture sectors will be on the block at Donington Park, near Nottingham, England, on July 12. A spokesperson for Ritchie Bros., based near Vancouver in Canada, said hundreds of items will be up for sale. He said it will be interesting to see how, if at all, the UK government’s d
    Read More
  • Ritchie Bros landmark auction to mark opening of UK site.
    August 23, 2012
    Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, will celebrate the Grand Opening of its new UK auction site with an unreserved public equipment auction on 18 September, 2012. A ribbon-cutting ceremony will take place on the morning of the auction to officially mark the opening of the Canadian firm’s new Donington Park, central England base.
    Read More

Highlighted Content