auctions & used plant
EURO AUCTION FIRST SALE OF 2022 STARTS ON A HIGH MARKET TRENDS
At the first sale of 2022 the team at Euro Auctions, Leeds, amassed a truly impressive inventory of new to 48 month old machinery, in addition to attracting one of the largest registrations of bidders. At Europe’s largest auction site for used construction and agricultural machinery, market confidence was high at the recent Euro Auctions four-day sale in late January, at their Leeds ‘flag ship’ site. Providing buyers with no shortage of excellent quality equipment and machinery, during the four days over 4,600 lots went over the ramp, with a hammer total for the sale at just under £39 million. The sale was well attended, with the largest physical crowd attending since pre Covid times, showing the optimism that exists in the marketplace. 30% of all successful bids were from buyers on the floor, on the day, with the remaining 70% of sales coming from internet bids from registrations in 97 countries. However, the hunger of the home markets was evident with 60% of all successful bids coming from the home shores of the UK and the Republic of Ireland, and 96% of all successful bid coming from the UK and Europe alone. However, such is the demand for good clean and late machinery, the global audience always has interest in this sale, with world buyer registering to bid, but the home market was more determined, bidding harder and ensuring the majority of equipment stayed local.
100
Chris Osborne, Euro Auctions Sales Manager comments, “There is always a pattern to every Euro Auctions sale. This sale was very different to any of the Covid sales we have conducted in the last 18 months for a number of reasons.
being no exception. Over and above the sale in December 2021 the number of firsttime bidder registrations increased by 20% with 25% of those first-timers buying at this sale, showing the Euro Auctions brand continues to attract new customers. With Covid restrictions still in place, this sale was a physical auction, as well as being conducted live and ‘online’ via the roust bidding platform the Euro Auctions operates. This now popular format gives buyers the chance to view machines for sale and then bidding via the internet, with a Timed Auction taking place on the last day of the sale.
“Prices were strong, with the same number of lots going over the ramp as in January 2021, however at this sale the hammer was £39m, an increase of over £10m over the January sale in 2021. Clearly bidders were determined to purchase new stock. “The prices achieved for ‘telehandlers’ and ‘mini-diggers’ were literally on fire, with 17 and 18 plate machines making close to new money. With good stock on offer in the 2018 to 2021 bracket there were over 123 Excavators and 22 Telehandlers less than four years old. With OEMs passing three price increases to their dealers over the last 18 months this has had a startling effect on the price of used machinery. There were many gems making very good money, with hot bidding for telehandlers and mini diggers.
The best performing lots in the sale included: 2017 CAT D6T LGP Straight Blade & Tilt - 2158 hrs
£197,500
2021 CAT 301.5 Mini Excavator, Rubber Tracks, Blade, Offset
£19,000
2019 Kubota KX080-4 6t excavator, Rubber Tracks, Blade, Offset, 1,547 Hrs
£47,000
2019 Thwaites 9 Ton Dumper, Full Cab
£37,500
2019 JCB 3CX P21 ECO Backhoe Loader
£44,000
In a market depleted of good new stock, buyers were eager to purchase good late, low hours equipment, and multiple compliments of new to 48 month old machines were evident and in high demand, creating a real buzz with bidders at this sale.
2018 Manitou MT1840 Easy Turbo Telehandler
£52,000
2018 JCB 535-95 Turbo Powershift Telehandler
£42,000
2017 JCB 540-140 Hi Viz Turbo Powershift Telehandler
£46,000
2017 Kobelco SK350LC-10 20t excavator
£89,000
2017 CAT 320FL 20t excavator
£70,000
Approved bidder accounts at Euro Auctions sales continue to increase, with this sale
2016 JCB 540-170 Turbo Powershift Telehandler
PLANT & CIVIL ENGINEER
48,000
