Demand for quality used and ‘as new’ plant and equipment in the UK and around the globe is definitely on the rise.”

That is the view of Jonnie Keys, Operations Manager of Euro Auctions, the Dromore headquartered auctioneers of heavy plant machinery, construction and agricultural equipment, which has 10 auction sites across the globe.

His comments come following the company’s three-day ‘start of the year’ unreserved auction at its Leeds site, where the total hammer was £40.5 million, an increase of almost 30 per cent on last year’s opening sale.
“We were absolutely delighted with how the start of the year has gone,” said Mr. Keys.

“Demand for quality used and ‘as new’ plant and equipment in the UK and around the globe is definitely on the rise. We’re seeing record growth in the overall number of consignors and the number of lots consigned, along with jumps in registered bidders, the number of successful first-time buyers, and the average lot prices achieved. 

“Our Leeds auction attracts a truly global audience, with depth in numbers in the UK, from across Europe, North Africa and the Middle East, but also ever-growing interest from the USA, Far East and Australia,” stated the Operations Manager before adding.

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“The total number of lots sold topped the 4,500-mark delivering an average lot price of almost £9,000 with total bidder numbers up almost 20 per cent to 2,600, with more than half opting to be online bidders,” he continued. 

“Over 460 vendors from 26 countries also consigned equipment to the sale, around one in 14 being first time sellers,” said Mr. Keys.
In 2017 Euro Auctions’ Leeds site broke the £200 million annual sales mark for the first time and it opened new sites in Hong Kong and Dubai. 
Its other sites are situated in Kissimmee, Florida; Dormagen, Germany; Zaragoza, Spain; Brisbane, Australia and Dromore.