Euro Auctions hails 'biggest ever' Leeds sale

In the week that it was revealed its merger with Ritchie Bros will not happen, Euro Auctions has announced it produced the biggest sale in the history of its Leeds site with 5,500+ lots and a hammer of £45.3m.
Loading, Hauling & Excavation / May 9, 2022
By Liam McLoughlin
Euro Auctions says articulated dumptrucks and mini diggers made particularly strong money at the Leeds sale
Euro Auctions says articulated dumptrucks and mini diggers made particularly strong money at the Leeds sale

The off-highway equipment auctioneers says the results of its recent four-day sale at the giant Leeds site showed that market confidence is still high.

It added that articulated dumptrucks stood out as making particularly strong money across the board, with mini diggers also strong.

The sale was 14% up on the same auction in April 2021, with bidders from 86 countries registering for this sale. In all 571 vendors from 23 countries sent equipment to the sale.

Almost 4,000 bidders registered for the sale of which 477 were first time registrations, and 16% of those first-timers were successful in purchasing.

Euro Auctions says that bidding was carried out onsite, online and - as is growing more frequent - a combination of both with people visiting before and during the auction and then bidding online. Sales totals were almost equally split between the UK market and overseas.

“Euro Auctions has had a great start to 2022 with the auction hammer at this latest sale up some 20% from same period in 2021, and with auction revenues up 15%, our Leeds site has recorded its largest ever sale," said Euro Auctions general manager Jonnie Keys.

"We are also seeing the return of the off-site auctions, where auctions take place at the sellers location, which had disappeared during the COVID period and have already conducted three so for this year with a number already in the pipeline for later in the year.

Commenting on current market trends Chris Osborne, Euro Auctions sales manager, said: "We knew this was going to be a big sale as the yard at Leeds was close to capacity and we are still consigning good late, low hours equipment, and multiple compliments of 'new to 48-month-old' machines. The equipment is out there, and we are finding it!

"With high demand from the market, prices were strong at this sale, and over the same auction 12 months ago demand was higher, prices were better, the levels of stock for sale were greater and demand from around the world was more evident."

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