Sellers seek to turn ‘iron into cash’ at Euro Auctions’ last 2021 sale

Staff Report,

12 Dec 2021

Dubai auction attracting consignor interest as new and unused excavators and commercial vehicles lead fleets up for bidding before year end

Sellers seek to turn ‘iron into cash’ at Euro Auctions’ last 2021 sale

Euro Auctions, auctioneers of construction, agricultural and earthmoving machinery, has reported keen interest from sellers at its next upcoming sale in Dubai on December 13, its last of 2021, with many consignors signing up to sell new and unused excavators and commercial vehicles.

The auction house said that for its next sale at its Dubai site in the Jebel Ali Free Zone, the message to buyers is “we have great stock at this sale”, while to sellers it is, “we still have room for more”. The auction is attracting consignors with kit to sell by the end of the year, as the market demands good late, low hours equipment, as OEMs continue to struggle with delivery of new machines, said Euro Auctions.

The company added that its sales and territory managers are successful in seeking and sourcing good consignments of unused machinery and vehicles in Dubai, with this sale being no exception. With high demand from buyers for good used machines, the message from Euro Auctions to vendors is “we have buyers with interest in your machinery and equipment, so consign now to the December 13 sale”.

From the lots already consigned to the upcoming sale, there are many specialist items that bidders will have interest in, including several big-ticket ones, as well as consignments of exceptional unused machines, said Euro Auctions.

Multiple units are available of unused Iveco TRAKKER 380 6×4 chassis cabs and 2007 MAN TGA33.400 6×4 Prime Mover with sleeper cabs on the commercial vehicles side. In forklifts multiple units are available of unused 2021 Apache HH30Z 3t diesel forklifts, while unused Ammann AV110X Double Drum Vibratory Rollers make up the availability of unused compactors.

By far the largest selection of unused units are available among the line-up of excavators, with 2021 Komatsu PC210LC-10 and PC350LC-8 hydraulic excavators, 2021 JCB JS205LC, 2021 Hyundai R210 and 2021 CAT 323D3 hydraulic excavators also going under the hammer.

Euro Auctions said it enjoys the confidence of sellers in its ability to obtain the “best price” for all consignors while ensuring buyers are satisfied with purchase prices. The reputation of Euro Auctions in the UAE and across the Middle East provides buyers and seller with confidence at all times, said the company.

Euro Auctions added that while its bidder numbers and registrations have always been high at Dubai auctions, they have gone higher still in these Covid-19 times. Despite strong opposition outside the region, bidding from local buyers has been stronger, with the home market succeeding in acquiring quality machinery.

Derek Bleakley of Euro Auctions, Dubai, said: “In the last 12 months, our staff have continued to engage with consignors who are eager to sell quality machines. With a lack of new machinery coming onto the market from OEMs and main dealer inventory depleting, we are seeing consignors capitalising on the appetite of the market, with buyers delighted with the quality of machinery we are amassing for each Euro Auction sale. We continue to see an influx of new consignors and new registered bidders at our site in Dubai, from not only across the Middle East, but from Europe, North Africa, Asia and as far as the Pacific rim. Such is the reach that Euro Auctions has, with a targeted marketing programme that reaches buyers and consignors in 150 countries around the world.”

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