Success for construction equipment auction

Euro Auctions’ May sale in Dormagen, Germany, saw 1,400 lots (30% up on the February sale) go under the hammer, with 20tonne-plus hydraulic excavators being the most popular type of machine sold. Over 250 Internet bidders registered, and Internet bids were placed on 71% of lots with 27% of all final successful hammer bids being received electronically.
May 10, 2012 Read time: 2 mins
214 Euro Auctions’ May sale in Dormagen, Germany, saw 1,400 lots (30% up on the February sale) go under the hammer, with 20tonne-plus hydraulic excavators being the most popular type of machine sold.

Over 250 Internet bidders registered, and Internet bids were placed on 71% of lots with 27% of all final successful hammer bids being received electronically.

The total number of lots offered at Dormagen approached the volumes achieved last autumn, which is regarded as the most popular time to upgrade existing plant.

The number of sellers increased by 16%, and buyers from over 40 countries were represented at the sale, with 25% of the 400 registered buyers being based in Germany. There were also a noticeable number of first-time German registrations.

Much of the equipment sold will remain in Germany. The Netherlands, Poland and Russia also proved to be the new homes for a significant amount of the plant purchased.

Euro Auctions also regularly holds plant and equipment sales at Leeds, UK (the recent record-breaking sale saw a post-sale total of £24.1 million/€28 million) worth of assets sold in three days); Valencia, Spain; and at its home base, Dromore, Northern Ireland.

Plant, machinery and equipment entries for the next Dormagen sale on 15-16 September, 2011, are already being received.
Finance & Funding

For more information on companies in this article

Related Content

  • Mostotrest won another tender for building of Moscow-St Petersburg highway
    February 20, 2014
    The award for a key stretch of the Moscow-St Petersburg highway has been awarded - Eugene Gerden writes As expected by analysts, Mostotrest, owned by the Rotenberg brothers, won the tender for the construction of the sixth and longest section of the Moscow-St Petersburg highway. Under the conditions of the tender the company will build 209km of the highway (334-543km), which will pass through the Tver and Novgorod regions of Russia. The cost of construction is 144.6 billion Rubles (US$4.51 billion), 16 bill
    Read More
  • Lower traffic emissions in London
    May 20, 2019
    London’s ultra-low emission zone (ULEZ) system is already proving successful. In the first month since the scheme was introduced, the number of non-compliant vehicles entering the charging zone has been reduced by 9,400/day, a drop of 26%. According to the latest research, 74% of vehicles entering the ULEZ have been in compliance with the emission requirements.
    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
  • Senior Cat boss on booming emergent market
    March 28, 2014
    Paolo Fellin, vice president of Caterpillar’s Global Construction & Infrastructure Division, has touched on the importance of the new dominance of booming African and other Emergent nation construction markets. Guy Woodford reports For Paolo Fellin, the last 10 years have seen the birth of a new order in world construction equipment sales.
    Read More

Highlighted Content