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European bidders turned out in force again for the Euro Auctions sale in Dormagen in mid-April. Latest auction continues upward trend in popularity.
Euro Auctions’ sales in Dormagen, Germany have consistently been popular, attracting bidders from right across Europe and beyond, with the most recent sale on 18‑19 April being no exception; with bidders all looking to secure quality used industrial plant, construction machinery and agricultural equipment.
Approaching 1000 eager bidders from Germany, across Europe and further afield registered for this Euro Auctions event, fiercely competing for over 2500 quality lots of used and ‘as new’ equipment that were consigned to the auction by almost 200 vendors from 29 countries; ultimately resulting in a final hammer total of over €9‑million.
This sale attracted many regular Euro Auctions attendees, with over one in three registered buyers being successful on the day. This sale also saw a high number of first time bidder registrations eager to buy with, two-thirds of whom completed deals at the auction, with the internet proving popular and over half of all winning bids being placed online. Over 95% of all lots are expected to remain in Europe with bidders based in Germany and The Netherlands snapped up almost half the sales by value, closely followed by those in Poland, the Czech Republic, Romania, Belgium Portugal, Spain and Switzerland , with almost every other European country taking something. Consignments are also going into the Middle East and North Africa with the remainder scheduled to be shipped to Asia and North America.
“Dormagen was the company’s first venture outside the UK back in 2006 and auctions here have proved a popular alternative to buying through the established dealer network, with the used plant and construction equipment market remaining buoyant despite changing economic conditions,” stated Bram Van Den Enden, Euro Auctions’ country manager for Germany. “We’ve seen steady growth across Europe over recent years with brisk trading and increased interest, particularly online, being recorded, and they have become permanent fixtures for many European customers. We now consistently attract well over 2500 quality lots for each auction as consignors are confident that we can deliver the services they demand and realise a good return for them; while buyers can be confident that they can acquire quality, reliable, yet affordable equipment.”
Analysis shows that the average price achieved per lot was over €3,600 but there were a number of noteworthy new / extremely low hours and impressive lots that went under the hammer in this sale and included: a 2017 Doosan DX530LC-5, one of the new generation of heavy crawler excavators, complete with reverse camera and A/C which achieved €146,000; and an air conditioned CAT 657E motor scraper with cushioned hitch and fire suppression equipment for €80,000. There was also a good selection of excavators, telehandlers, loaders, backhoes, dumpers, and access equipment on offer along with selection of other commercial vehicles and miscellaneous consignments.
“We’ve seen record growth over the past 12-months around the globe including 20% year‑on‑year growth at our flagship Leeds, UK site that saw a record breaking €49‑million hammer achieved earlier in April,” stated Jonnie Keys, Operations Manager of Euro Auctions. “Further afield we opened new facilities in both Dubai, United Arab Emirates and Hong Kong. We also expanded activities in the US with the acquisition of the highly respected Yoder & Frey brand in January 2017 adding a number of sales and sites to our portfolio but more importantly opening up the now truly global reach of Euro Auctions which this year celebrates 20-years in business, will see over 75,000 lots being consigned by around 6,000 vendors, worth over €400‑million be marketed to over 150,000 potential bidders at around 60 auctions, including specialist off-site sales, around the globe. For anyone who has never attended one of our auctions we would encourage them to come along and see for themselves the massive quantity and the quality of equipment we offer.”