auctions & used plant
UK USED EQUIPMENT MARKET STRENGTHENS IN 2021 “Now the largest sales auction site in Europe, at a typical Leeds sale we repeatedly see over 5,500+ pieces of machinery go over the ramp. At the last sale we had over 500 excavators for sale, many of which were new unregistered machines, as well as late, low hours lots. It is this that our customers like, having the chance to see so many types, makes and models of equipment at one sale site.”
Euro Auctions is reporting a dramatic shift in buying, with buyers from the UK &Republic of Ireland bidding stronger and eclipsing buyers from Europe and the rest of the world. Prospective buyers in Europe have the same appetite for good equipment as buyers from the UK and Ireland and are registering for the Leeds auction in increasing numbers, however it is the local home market that is stronger in resolve out-bidding international buyers, with UK consignors delighted and particularly pleased with the results and prices being achieved at all sales. Interestingly, at all Euro Auctions sale sites across Europe, bidders from the home countries are now bidding stronger at their own home sales than in the previous years. Chris Osborne, Territory Manager for Euro Auctions comments, “The UK market has strengthened as the construction, haulage, waste and agricultural industries in the UK have kept a busy work schedule throughout 2020 creating the usual demand for new machines. “With access to cheap Government funding through the ‘Coronavirus Business Interruption Loan Scheme’, end users have had the opportunity borrow with low interest
rates, re-investing in their businesses, and bidding hard for one-year old machines. It’s natural that we are seeing prices increase with added competition between buyers to get their hands on the best equipment. “UK consignors are particularly pleased with the results and prices being achieved. Regarding Brexit, we have been working with HMRC and our clients around the world to ensure that there has been little disruption to the buying and selling process and keep our UK auction attractive to all. “Whilst our online sales through our dedicated auction platform have burgeoned during Covid, we do try to cater to the entire market and that is why we continued to host live, Covid compliant, equipment sales at our flag-ship site in Leeds.
With new stocks depleted, auctions have become a vital alternative to main dealer services giving buyers an infinite choice of makes and models that buyers may inspect, try and buy, putting to work, and earning money immediately. New bidders and buyers are evident at all sales, with approximately 1000 new bidders registering for every auction, with 20% buying for the first time each sale. Euro Auctions expects to see this trend of increased demand and reduced availability in the UK to continue through the majority of 2021. Once new supply from OEMs does catch up, it may ease, but with lead times for new machine and vehicle orders stretching into 2022, the market shows no real sign that demand for good used machinery will slow down during 2021.
Euro Auctions Hold ‘Collectors Sale’ at Castle Irvine With the first Collectors Sale of classic and vintage machinery hosted by Euro Auctions being hailed as a resounding success, a new date has been announced for the second sale in Northern Ireland on 28th August at the stunning Castle Irvine Estate in County Fermanagh. This one-day sale is guaranteed to attract the interest of classic and vintage fans and aficionados, and if the previous sale is anything to go by, Euro Auctions expects to gain interest from an international audience of educated buyers. The auction will be held as a ‘physical sale’ with preview days prior to the auction. In addition, for those unable to attend, this unique sale will be conducted ‘on-line’ in real time, via the internet, with Euro Auctions marketing the event to a database of regular
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buyers in over 115 countries, enabling consignors to tap into an international market. Owners are already consigning to this sale their classic, vintage, and antique tractors, agricultural machinery and motor cars and there is space at Castle Irvine for more lots. One classic that is guaranteed to get the crowds excited and could be the ‘unicorn’ of the show is a 1974 Ford 5000 in as-new condition with under 10 hours on the clock. Owned by Brian Keys since 1999, when it was bought at a disposal sale, this tractor was sprayed with wax oil and was then stored, until now. It has been looked after over the years, but never worked, and on 28th August will go under the hammer. A record was achieved at the last sale when the 1995 Massey Ferguson 390T, which
had undergone a full ‘Grade A’ restoration, sold for £30,000, perhaps at this sale the Ford 5000 will set another new record at the upcoming sale in August. Consignors are now being invited to enter machinery and vehicles into this sale. Categories for the sale, in classic, antique and vintage, classes will include: • Tractors • Agricultural Machinery • Construction Machinery • Motor Vehicles • Commercial Vehicles Andrew Crawford from Euro Auctions, who is managing the event comments: “The previous Collectors Sale was a resounding success and showed us all just how much interest there is for this age of machinery. However, it was the breadth and diversity of lots for sale that made the event
and included some very special items. The star of the show was without doubt the exceptional Massey Ferguson 390T. What will the star of this show be? Well, the Ford 5000 has certainly set the bar high, but we never know until the day of the sale what is going to turn up. We are again putting our trust in our consignors, who did not disappoint in May and delighted the crowds with the lots for sale. At sales like this you never know what is going to turn up until the lots arrive at the auction site. Our consignors may surprise us.” Consignors and invited to register machinery and vehicles to this sale now, by contacting Euro Auctions on: T: +44 (0) 2882 898262 E: info@euroauctions.com
