Euro Auction, Leeds UK – strong prices as the hammer goes down for the last time in 2021
At the last sale of 2021 from the team at Euro Auctions, Leeds, 3,500 lots went over the ramp and the hammer went down for the last time, with prices remaining strong as the year ends...
The last Euro Auctions sale of year at the 'flag ship' site in Leeds provided buyers with no shortage of excellent quality equipment and machinery, and plenty of choice of makes, and models from over 3,500 lots that went over the ramp with a hammer total of £30 million.
Prices remain strong at the end of the year, with the demand for excellent quality used machinery still as high as ever. Whilst this has remained a constant trend for the entire year, buyers are still keen to acquire 12- to 24-month-old machines, and Euro Auctions are able to deliver, with the message to consignors 'prices are good, sell with Euro Auctions'.
Compared to the same sale in December 2020, the average price of each lot was £8,540, which showed an increase of over 35%, highlighting the quality of plant and machinery for sale. Vendor numbers were high with 10% being new to the Euro Auctions sale, with sellers from 17 countries consigning equipment to this sale. That said, the home UK market represented the largest group of vendors, a trend we have seen across all sales this year.
One notable single vendor was Brian Doogue Haulage Ltd, who, following the closure of the M1 Smart Motorway project, which Brian Doogue had been contracting to, engaged Euro Auctions to dispose of its entire UK fleet of 30+ highly specialised vehicles with a hammer of just over £4 million.
Approved bidder accounts at Euro Auctions sales continue to increase, with this sale being no exception. Over the same sale in December 2020 the number of first-time bidder registrations increased by 13% with 25% of that number buying at this sale, showing buyers continue to support the Euro Auctions brand.
With Covid restrictions still in place, this sale was a physical auction, as well as being conducted live and 'online' via the roust bidding platform the Euro Auctions operates. This now popular format gives buyers the chance to view machines for sale and then bidding via the internet, with over 70% of lots sold online.
Market Trends
David Betts, Euro Auctions Territory Manager comments on the sale, "Looking for a market trend, it was the larger equipment items that were grabbing the attention of buyers, such as: 20T Excavators, 10T Excavators, Articulated Dumptrucks, and heavy Commercial Vehicles. Having said that, the market is still starved of new machines, and it's predicted that OEMs still will struggle to deliver in 2022. So, good, late, low hour machines are of premium interest to buyers. The Brian Doogue Haulage consignment of heavy commercials was a case in point and was certainly one of the highlights of the sale, with great 2019, 2020 and 2021 trucks of exceptional spec and in excellent condition, bidding was extremely brisk. Talking to buyers it was evident that contractors and operators whilst sourcing equipment for specific projects, they were snapping up good kit as it came over the ramp, due to market shortages."
Top Buyers - by world region: This was a home market sale, with UK and European buyers bidding hardest.
United Kingdom £17.11 million 57.45% of total
Europe £1183 million 39.72% of total
Middle East £250,000 0.85%
South America £118,000 0.40%
Africa £361,000 1.21% of total
Rest of the World £112,050 0.37% of total
Prices were strong - notable lots sold at this sale include:
Commercials
2020 - Scania R650 8x4, 100TM PM 8 Extension Crane, Flat 5th Wheel Body, 360 Camera, Winch, Automatic Gearbox, A/C £317,000
2021 - Scania S730 8x4 Hub Reduction, Front Lift Axle, Tipping Gear, 360 Camera, Automatic Gearbox, Lockers, A/C £293,000
2020 - Scania S650 6x2 Rear Lift, Hub Reduction, Slider, Tipping Gear, 360 Camera, Automatic Gearbox, A/C £180,000
2016 - Scania R580 6x2 Rear Lift, Hub Reduction, Retarder, Slider, Tipping Gear, 360 Camera, A/C £80,000
Ten number - 2019 Scania G450XT 8x4 Tipper Lorries, with Thompson Body, Easy Sheet, 360 Cameras, Automatic Gearbox, A/C Sold for between £119,000 and £130,000
2017 - Scania G450 8x2 Rear Lift Beavertail Plant Lorry, Palfinger PK42002 Crane, Winch, Hydraulic Cheese Wedge Ramps, 360 Camera, Automatic Gearbox £155,000
2016 - Scania G410 8x2 Rear Lift Beavertail Plant Lorry, Fassi F425 Hydraulic Crane, Winch, Hydraulic Cheese Wedge Ramps, 360 Camera, Automatic Gearbox £136,000
6T Excavators
2020 Takeuchi TB290-2 Rubber Tracks, Blade, Offset, CV, QH, Piped, Aux Piping £59,000
2016 CAT 308E2CR Rubber Tracks, Blade, Offset, CV, QH, Piped, Aux. Piping £40,000
2017 Hitachi ZX85USB-5A 450mm Rubber Block Pads, Blade, Offset, CV, QH £38,000
2018 Kubota KX080-4 Rubber Tracks, Blade, Offset, CV, QH, Piped, Aux. Piping £42,500
2015 Kubota KX080-4 Rubber Tracks, Blade, Offset, CV, QH, Piped, Aux. Piping £30,500
2014 Kubota KX080-4 Rubber Tracks, Blade, Offset, CV, QH, Piped, Aux. Piping £28,500
10 T Excavators
2017 Komatsu PC118MR-8 500mm Rubber Block Pads, Blade, Offset, Piped, Aux £41,000
2016 Volvo ECR145EL 700mm Pads, CV, QH, Piped, 360 Camera, A/C £49,500
2017 Hitachi ZX130LCN-6 700mm Pads, CV, QH, Piped, Reverse Camera, A/C £53,000
2020 Doosan DX140LC 700mm Pads, Blade, CV, QH, Piped, Reverse Camera £78,000
2016 Volvo EC140EL 700mm Pads, CV, Hydraulic Rotating Tilting QH, Piped £46,500
20 T Excavators
2021 Doosan DX530LC 600mm Pads, CV, Piped, Reverse Camera, A/C £195,000
2021 Doosan DX340LC 600mm Pads, CV, Piped, Reverse Camera, A/C £133,000
2017 CAT 330FL 700mm Pads, CV, QH, Piped, Aux. Piping £99,000
2017 Volvo EC250EL 700mm Pads, CV, QH, Piped, Aux. Piping £78,000
2330 - 2015 CAT 320EL 700mm Pads, CV, QH, Piped, Aux. Piping £52,000
Mini-Excavators
2017 Takeuchi TB250 Rubber Tracks, Blade, Offset, CV, QH, Piped, A/C £22,500
2016 Kubota U55-4 Rubber Tracks, Blade, Offset, QH, Piped £25,000
2015 Kubota U55-4 Rubber Tracks, Blade, Offset, CV, QH, Piped £26,000
2017 CAT 305E2CR Rubber Tracks, Blade, Offset, CV, QH, Piped, Aux Piped £36,000
2014 CAT 305ECR Rubber Tracks, Blade, Offset, CV, QH, Piped, Aux £23,000
Backhoe Loaders
2019 JCB 4CX P21 ECO Turbo Powershift Sitemaster Backhoe Loader, QH, Piped £52,000
2016 JCB 3CX P21 ECO Sitemaster Backhoe Loader, QH, Piped, SRS, 2 Buckets £36,000
2012 Case 580ST Turbo Backhoe Loader, Joystick Controls, Piped, SRS, A/C £37,000
2007 Case 580SR 4PT Turbo Backhoe Loader, Joystick Controls £11,000
2007 Terex 970 ELITE Turbo Powershift Backhoe Loader, QH, Piped, A/C £17,000
2008 JCB 2CX 4WS Streetmaster Backhoe Loader, Piped £15,000
Articulated Dumptrucks
2018 Bell B30E 6x6 Articulated Dumptruck, Tail Gate, Reverse Camera, A/C £120,000
2014 Bell B30E 6x6 Articulated Dumptruck, Tail Gate, Reverse Camera, A/C £94,000
2014 Hydrema 922D 6x6 Articulated Dumptruck, Reverse Camera, A/C £62,000
Volvo A35D 6x6 Articulated Dumptruck, Reverse Camera, A/C £35,000
Volvo A30C 6x6 Articulated Dumptruck, Reverse Camera £28,000