Plant, Machinery & HGVs January Report
We are back! And we kicked 2020 off with a bang here. Our January sales often set the tone for the year. Last year’s opening sale saw a great trade which continued for the 12 months that followed. This year an optimistic feeling was present for our inaugural auction. Dealers, contractors, finance companies and even farmers all seemed to have high hopes for the year ahead and there was a clear feeling of direction. This helped as bidders were happy to spend and vendors were pleased with results.
The weather held off nicely for us. It was a brisk day, but with buyers clad in coats & hats, the cold couldn’t deter anyone. We had a slightly smaller entry, which would be normal after the Christmas season. Sale total remained fairly consistent though, with a good clearance rate & some great machines fetching top prices. Over 30% of value sold went to online buyers this month, which is higher than our normal proportion. One interesting comparison was a drop in export. Our regular export buyers were digging very deep and out in full force, but there was a marked drop in smaller export purchases. This can, most likely, be attributed to our impending exit from the EU and a little uncertainty as to how border controls might work. That being said, we still kept hundreds of thousands of pounds pouring into the UK economy. Along with the whole industry, I am confident that we will see no adverse effects due to our departure from the bloc.
Contractors plant & machinery was very well fought over this month. We saw a good number of comparable machines selling for better prices than previous months and some great trade on young, fresh kit. Telehandlers & excavators will always be some of our best sellers, due to the fact they are such versatile machines and are an essential piece of equipment for almost every company in our industry. We’ve had some cracking packages entered recently from some big-name national hire fleets. These machines have been kept in stunning condition and regularly fetch some of the best prices, while attracting the best buyers from across the world.
As well as being based in the heart of some of the UK’s finest farming land we attract agricultural entries from main agents & dealers from all over the country as well as conducting repossessions as far north as a timber harvester in the highlands and as far south as a £10k sheep handling system a little outside of Falmouth! This month saw some tractors which were in immaculate condition and some which were not so mint… They all found their value here and will now be heading to pastures new to continue working. One attitude we have noticed over the last few months is a definite move towards farmers buying more quality used equipment. Our agricultural machinery section has seen a welcomed upturn in demand. We have had, over the last few months, more high-value items being sold under the hammer to go back into use immediately.
We welcomed yet another new national vehicle hire fleet vendor this month and this bolstered the HGV section even further. We offered well over 100 HGVs & light commercials again in our January auction and kept an extremely high clearance rate. It is important to us that we align ourselves with our client’s business goals and, as such, we hold contracts with all sorts of companies & agencies and comply with the highest health and safety, environmental & security standards. With the addition of new contracts and consistently expanding this section we are also welcoming new buyers all the time who keep pushing prices up and adding to entries with their part exchanges & other trade vehicles. Good quality, genuine, municipal vehicles continue to thrive within our auction and we always smash reserves on these lots.
Other sections offered this month performed as well as ever, notable mention to some of our grounds care lots, which made top dollar! People are now waking up, and looking forward, as the days draw out… it will soon be time for mowing like mad again! Dealers are stocking up & contractors are changing machines over. We had a good few collections of council & finance mowers on offer and they were getting done for good money. Roll on next month as the weather improves (hopefully!)
Selling at auction is one of the oldest and most tried and tested methods of shifting on used assets in a cost-effective way. We are always striving to find ways of taking this age-old selling style and making it work in a fast paced and international world. Our client base truly spans the globe & we take bids from scores of countries at every sale. We also conduct online auctions, private treaty tenders & on-site dispersal sales. As a company, you won’t find anyone who is more devoted to listening to your requirements and acting in your best interests. We know that we can always get you the best return for your assets using a method which suits your needs, whether that is anonymity, rapid site clearance, contentious repossessions or above board and independent asset re-marketing. We are commission based, so we only earn when you do. We believe that work never stops and you can speak to an account manager any time to assist with your needs.
You can see our full results via the link below or click on the tab to the right to view our historic results page where you will find every auction’s past prices. We believe in being as open and transparent as possible. Get in touch for more info on selling with us or for free no-obligation valuations & advice.
Our next auction is on the 14th February, catalogue link below… See you there!
January results: https://www.brightwells.com/media/6155/january-2020.pdf