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Brisbane, Auction Review - used machinery market stays strong in 2022 with expansion to WA in 2023

Euro Auctions, Brisbane - during 2022 the used construction machinery market stayed strong in Australasia, with OEMs unable to supply new machines, good, fresh, used equipment was in high demand, with buyers looking for all types and sizes of equipment.

The used machinery and agricultural equipment market in Australasia has been strong throughout 2022. With a shortage of new equipment from OEMs, the market demand was high with buyers focusing on the Euro Auctions sale in Brisbane, seeking fresh, used equipment. The Euro Auction team have worked diligently during 2022 to source and consign to each the best available used equipment on the market, reaching out to vendors with good machines to sell. The last Euro Auctions sale of 2022 attracted new local consignors with machines from Australia and New Zealand, as well as attracting international buyers and consignors from Europe and the Middle East.

Euro Auctions, Brisbane – now firmly part of the used machinery and equipment market in Australia, typically has a core range of construction equipment available including Dozers, Diggers, Rollers, Dump Trucks and Loaders, with each auction selling over $5million of equipment, per sale. The robust Euro Auctions online bidding platform has made it possible for buyers globally to bid online at each sale, with 100% of bidding being conducted via the internet, due to Covid regulations.  The value of sales have increased 25% from 2020 to 2021 and 11% from 2021 to 2022, showing sustained growth over the last number of years.

 

Off Site Auctions – Perth/Albany

On the 30th March Euro Auctions will hold a first ‘off site’ auction in Western Australia. This will be the same format as the Brisbane auction, being a live online  sale. Featuring equipment from Palmer Civil Construction and Raptor Group, Euro Auctions  are inviting other consignors to enter machinery and equipment into the same sale.

Current  inventory includes a number of CAT, Doosan, Volvo and Komatsu 10+ &  20+ ton  excavators, articulated dump trucks from Bell and Terex, a range of CAT dozers, CAT rollers, CAT skid steers and Komatsu and CAT wheeled loaders. The inventory for this sale is growing daily with all details on www.euroauctions. To sell your equipment in this sale contact either Craig Hart on 4179 273 37 or Barry Kadel on 4781 314 66.

Craig Hart, sales manager on the team in Brisbane, Euro Auctions comments on 2022 and the new year ahead

“2022 was a very good year for Euro Auctions, Brisbane. We have been attracting new consignors to each and every auction, whilst the numbers of buyers have been increasing, with 20% of registered bidders buying from Euro Auctions for the first time”.

“Euro Auctions, is one of the few auction houses in Australia that operates an unreserved policy – everything sells at every auction.  This means that we treat both buyers and sellers equally, with the market dictating the value of items.  The seller is guaranteed to sell their equipment and for the buyer, if they are the highest bidder, they will be guaranteed to have bought that machine.  This is why both buyers and sellers work with Euro Auctions, as no body wastes their time bidding on equipment that they are not sure will sell”.

“All Euro Auctions sales at the Brisbane site in 2022 have exceeded sales in previous year, with this final sale of 2022 being no exception. The last 12 months has not been without its challenges in the sector, with the effects of global economy, with rising interest rates. However, Euro Auctions presents a great opportunity to raise capital, to turn machines into cash and make funds available for all business in the plant and machinery sector. We can help owners and operators to turn machines into much needed funds for growth and business consolidation.”

“The targets for Euro Auctions, Brisbane in 2023 will be to continue to accelerate growth, in Australia , New Zealand and the Pacific, attracting new consignors and buyers. Euro Auctions has noticed that we are attracting consignors of commercial vehicles and trucks to our sales and this is something we are very keen to continue to do, as we have seen a need in this area”.

 

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