Plant, Machinery & HGVs March Report

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Plant, Machinery & HGVs March Report

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Plant, Machinery & HGVs March Report

Spring has sprung here & the atmosphere on site was as vibrant as ever. The trade was strong, the weather was good, the yard was full, and the bids kept coming! We were, once again, blessed with a wide variety of entries and a strong contingent of buyers. Not even Cheltenham’s Gold Cup Day could take the bidder’s attention from our sale! Obviously, ever mindful of our staff and client’s health, we took suitable measures to minimize the spread of Covid-19 and as part of this we had more online bidding registrations & more lots sold over the internet than ever before.

We were pleased that the growth we saw from December to January, and January to February has continued into March. This meant more sold lots, higher prices, more new vendors & lots of satisfied purchasers! As I write this report the yard is already filling back up with 2 x 20T machines fresh in as well as an end of lease combine.

Plant & machinery was the star of the show, yet again. Work has started back up again across the country and many of our regular UK buyers have new projects starting and a dire need for quality used machinery. All aspects of the plant trade were strong, all types of machinery selling well. One of the most noticeable changes since last month’s auction was the upturn in demand for large plant. We had a much higher clearance rate in 13-22T machines and loading shovels this month. Despite the current virus there was still a strong export trade. We sent a large number of machines abroad, and at the time of writing this (2 working days from the sale) we have had over a dozen foreign lorries collect machines!

We had a good number of high value tractors this month, these were slightly harder to sell than previous months, we did however have a cracking trade on genuine, low hour tractors in the middle price band. Implements & attachments also fared well. We had a huge selection of slurry tankers & bale trailers which all went for tremendous money under the hammer. We are continuing to see a fantastic demand for quality used agricultural machinery and tractors, with many end users turning to the more cost-effective option.

HGV trade has been better than I have ever seen it over the last few months, and this continues to be the case. We had a good quantity of high value, genuine vehicles and we sold a high proportion of these to end users and the trade. Clearance rate has been better than ever and we continue to see new clients in this section every month. We are now regularly offering around 140-150 vehicles a month.

Our grounds care section was well and truly rammed full this month! We had a huge number of machines and, again, achieved a fantastic clearance rate. Mowers of all sizes were selling very well, we had several grounds maintenance contractors and dealer’s entries as well as a smattering of council consigned machines.

We now look towards our next auction on the 17th April… As things stand, we will be holding our auction. We have contingencies in place to minimize the need for movement or interaction. We currently sell over 50% of our lots through online and remote bidding facilities, this proportion may have to rise over the next few months. We want to reassure all of our clients that you will still get the same level of professional service from us throughout this trying time.

Remember we are available to help with all aspects of disposals and logistics, including storage, haulage, times sales, direct sales, off site dispersals, appraisals & valuations. For more information or to discuss anything we can do for you then simply give us a call or send an email – 07969 410777 david.smith@brightwells.com

Full results page: https://www.brightwells.com/media/6311/march-2020.pdf

April auction catalogue: https://www.brightwells.com/plant-machinery-hgv/auctions/april-plant-machinery-hgv/catalogue/