Plant, Machinery & HGVs March Report
This month we held a cracking auction, with our second largest total since we started plant & machinery sales. We were delighted to start a new business relationship with a major national hire firm. On top of this we had an influx of last-minute machinery entries from all corners of the country. Obviously, no commentary on the state of a current market is complete without mentioning the B-word at the moment… Brexit is looming (or maybe not) but this appeared to have little effect on our export buyers. Indeed, around 30% of the sale by value was sold directly to Europe, with a little more going elsewhere internationally.
Our online bidding facility was well utilised with hundreds of thousands of pounds worth of machinery being sold to internet bidders. In total, around £1 in every £4 was spent simply by a single mouse click! Get in touch with us today to make the most of our huge selling platform, and to have your machinery advertised in our database of tens of thousands of foreign and domestic buyers.
Our machinery section was strongly dominated by entries from plant dealers & hire firms or all sizes. All types, makes and models of machinery here sold well, with very little left over. Telehandlers mostly came from national hire firms & predominantly sold well. Excavators & dumpers seemed to come from a large number of dealers and have now found new homes within the construction industry. We had a few dozers in this time from finance companies & end users, these fetched strong money. Month after month we strive to find the best used machinery throughout the UK and constantly work to get the best possible prices for this machinery. You can view our full results table & results going back for the last few years via the link at the end of this article. We are extremely proud of the size which we have built our auction up to and we are confident that this directly leads to more bidders and higher prices for your machinery.
We really struggled again this month to find tractors to offer. Fortunately due to a few last minute deliveries we managed to offer a handful of tractors & a good collection of agricultural equipment. We are still strongly in touch with our roots and are always pleased to be given the opportunity to sell all types of tractors and agricultural machinery. Top of the pile in the tractor row this month was the 11-year-old 6930 selling for a record amount, really proving that a well-known make with a solid history will always fetch good money here. Give us a call to find out more about our market leading service & competitive rates of commission.
This was the second month for us of having a large quantity of large ride on mowers direct from leasing companies & local councils. These had a 100% sale rate, which shouldn’t really come as a surprise, they were particularly high-quality mowers and we are now heading into the peak grounds maintenance season. We have a huge transport & logistics network throughout the country and work with some great firms to ensure swift collection of assets and maximum return for the vendor. Get in touch with us now for all your haulage, repossession & asset recovery needs.
This was the first month for a long time where the highest prices in the HGV row were greater than the top machinery price. We had a great selection of young lorries consigned directly from Hitachi Capital Vehicles as well as plenty of municipal lorries including sweepers, gully suckers & RCVs. This month saw the highest ever total for our HGV section which is a true testament to all the hard work we have put into growing this part of the sale. To find out how we can help manage your fleet, assisting in valuations, resales & collections, get in touch with any of our friendly team and ask for more details.
Our continued growth is an encouraging sign of the market’s strength and we are confident that the next few months will bring steady trade and high prices. There is still a significant shortage of quality used machinery in the country & this leads to some great competition for lots & therefore the highest prices fetched through an auction ring.
For more information talk to Dave on 07969 410777, James on 07976 896943
View our full results page here: https://www.brightwells.com/plant-machinery-hgv/plant-machinery-past-results/plant-machinery-hgv-past-results/
View April’s auction catalogue here: https://www.brightwells.com/plant-machinery-hgv/auctions/april-plant-machinery-hgv/catalogue/