Plant, Machinery & HGVs May Online Report
Trade at Brightwells’ online only plant, machinery & HGVs auction was flying! We saw just as much demand and bidding as we would’ve seen in a live auction. We had a longer than usual build up for this auction due to the lockdown restrictions, this meant we had a good level of stock which really brought buyers from all over the world. We had registrations from over 25 different countries and have sold to 18 of them! In all sections we saw a significantly high demand. Leading up to the auction there was a very high level of enquiries and no shortage of interest in any lot. Using our custom built online system whereby the lot firmly finishes at the end of the time it encourages bidders to really put their highest bid in in plenty of time and this helps flush out low bidders & achieves some truly exceptional prices.
Throughout the plant section we were pleasantly surprised, the day had an extremely different feel to it compared with a live auction sale day. There was no loud auctioneer and crowd buzzing around the site, instead three blokes, in separate corners of a big open plan office, on phones, looking at multiple screens! It was oddly thrilling watching the numbers jump up in the last 60 seconds of bidding on each lot, as would-be purchasers all enter their maximum offers in the hope of buying. There wasn’t a single lot which we didn’t get a genuine good bid on. The clearance rate throughout the plant was exceptional. More sites are starting back up and therefore machines all over the country are firing up again for the first time in a few weeks. Mini & midi excavators were a seriously hot commodity, every machine there had over 5 different bidders on it, all still close to the value at the end, most machines had 15-20 different people bidding for them. Large plant has recently not fared so well, this month however we saw a good level of trade and plenty of bids being placed. The telehandler row was another great success story, clearing over 80% of entries there. Dumpers & rollers also had a strong trade with many fresh entries in.
Our hardest section to fill this month was our line up of tractors. There were around 30 entered with a clearance rate of a little over 70%. Demand was good and we heard from many clients who have been dormant with us for some time. Due to agriculture being a protected industry and the nature of the work being very much essential, farmers must continue to refresh their kit and there are many now who appreciate the immediate availability of an auction environment. The machines which were here were making strong money and we saw some good high bids on all lots.
A lot of the large leasing firms & hire fleets we work with in the HGV world have only just started coming back into working. The vehicle section fared well considering that. There were a large number of curtain side lorries & trailers which helped buoy the trade. We saw a lot of vehicles making around £10,000-£20,000 but no standout high value entries. We already have 30 vehicles consigned directly from one fleet for our next online sale, so watch this space. It’s my belief that this section could be filling up for next month.
As well as the plant, the grounds maintenance section was always going to be a good one this time of year. We had a cracking entry and already have a huge entry lined up for next month. We had top prices for all types of mowers from £200 ride ons to £20,000 compact tractor mowing machines. Our grounds maintenance section had the highest number of “outright” sales this month, this is where the highest bid price has exceeded reserve and no negation is needed. Along with grounds care kit, ATVs, UTVs & quads sold well, as did a handful of boats which we had consigned from the environment agency!
Trailers and agricultural implements & attachments all made strong money and most have now found new homes. The biggest challenge currently facing us is keeping the numbers of people on site down to a minimum and organising collections in line with government guidelines. This is something we are doing our best to work out and we hope that this has been a smooth experience for all involved.
Now to the future and how we will continue to sell to you…
This month we only offered our machinery section and a very small selection of sundries. On the 28th & 29th May we will offer you the full range of sundries, there are some fantastic entries with us as well. Thursday 28th May will see an evening sale of handheld tools & machinery, then throughout the day on Friday 29th May you will have the opportunity to purchase from our lifting sundry section. Both of these sales will run in the same timed online manner that our regular machinery auction ran.
After that we will hold another online only plant & machinery auction on the 12th June. This helps us spread collections & deliveries and maintain a low number of people on site and interactions.
If you have any end of use machinery which you would like to discus selling with us then please give us a call on 01981 250642 or email email@example.com for details. You can see our full results or upcoming catalogues via the links below:
12th June Plant & Machinery catalogue: https://www.brightwells.com/plant-machinery-hgv/auctions/june-timed-auction-of-plant-machinery-hgvs/catalogue/
29th May Sundries catalogue: https://www.brightwellslive.com/timedauctions/index/4994
28th May Small Sundries catalogue: https://www.brightwellslive.com/timedauctions/index/4993