Plant, Machinery & HGVs August Online Report
Another month of online only sales has gone by and trade remains strong. We continue to see high clearance rates and a strong export trade. We would usually expect a dip in entries around this time of year as machines are hard at work, this month we saw a higher turnover than last auction, and more tractors entered than any other sale this year. The excavator section looked a little sparse, but some big bids & high prices helped meant some extremely happy vendors! There was a strong consignment of dumpers & rollers again and these cleared up well. A Nifty HR21 featured well in the access row, and big plant also had a good day. The HGV section was about 20 lorries over-subscribed; we squeezed the extras in and got some brilliant sales completed. Grounds care equipment, still hard to find, had a lower entry than last month and slightly less exciting stats too, mostly due to the downturn in weather and the autumn months looming on the horizon.
Of over 70 excavators offered we had 9 left unsold. This is a smashing clearance rate. As ever, there was some negotiation to be done on a few lots where bid prices were below reserve values, this is something we do very well and takes full advantage of the reserved auction environment where the value of your assets will always be protected. Of the 30 site dumpers we offered, 6 remained unsold, and all but 1 of the 12 rollers we had failed to sell. Plant trade continues to be hot. Our challenge still remains finding equipment to offer to our wealth of buyers. If you’d like to consign your end of use machinery alongside some of the nations’ highest valued second-hand kit then do get in touch, we pride ourselves on being 100% open, honest and fair to all parties.
Tractors and agricultural machinery sold well. A little over 30 tractors were offered with around an 80% clearance, the implements & attachments were somewhat harder work, some of these will be transferred into our sundry sale where there are more suitable buyers watching the catalogue. Quality, high value implements still continue to make good money, and now we are able to allow viewings again we can see customers bidding with much more confidence in the quality of the machinery on offer.
It’s not often I misjudge how many entries we are going to get for an auction but I got it a bit wrong this time! Having shrunk the lorry row and given us more space for mowers, I thought we were on top of everything. In the build up to sale day it became clear that we had lots more lorries coming than planned… Fortunately all was well, and we squeezed the extras in and it’s a good thing we did. Trade was strong and bids were coming from all over the world for some unique & genuine vehicles. Already, we have entries coming in for our next sale and the vehicle row is looking good.
We have now completed the last sale of the summer, the weather will likely only be downhill from here… This did have a small effect on the grounds maintenance section. Last month we saw almost 100% of mowers sell, this month we saw that closer to 75% and a slightly smaller consignment. Plenty of bids were still coming in and we had some cracking results! Over the next few auctions we expect to see plenty of end of season equipment as people are retiring their kit. Keep an eye on the catalogue for some good buys and winter projects.
Looking to next sale and I anticipate a full catalogue, plenty of entries and a strong trade. We have already been taking a lot of early calls and consignments with companies looking to take full advantage of a buoyant market. In the current “online only” world it is so important to get equipment entered and on site early to ensure maximum exposure time. We have people viewing desired machines every day throughout the month so the longer your equipment is with us, the more people will see it and prepare to bid.
We offer a range of remote valuation & collection services. Included in our next auction will also be a direct-from-farm dispersal section for one retiring establishment. We will also shortly have details of a wide beam barge to be sold by special consignment from the Waterways Authority, a division of the Environment Agency. Always keen for a new challenge, we really enjoy these one-off sales and would be happy to discuss how we can best serve your companies unique requirements.
As always full results & future catalogues can be found via links below:
Full August results: https://www.brightwells.com/media/6525/august-2020.pdf
Next sundry catalogue: https://www.brightwellslive.com/timedauctions/index/5033