Buyers are paying top dollar according to auctioneers Euro Auctions after it conducted four UK sales recently.
In all over 17,000 pieces of heavy plant and construction machinery went under the hammer fetching a sale total of £134 million, with an inventory that included over 2,500 excavators.
“General contracting is very buoyant right now and we are seeing a lot of good mini diggers, 8t, 10t and 20t excavators on the market, in addition to lighter site machines which are in abundance. OEMs are delivering new machines and as such, buyers are now rationalising fleets, downsizing and normalising their stock,” reports Chris Osborne, Euro Auctions sales manager.
According to the company OEMs are now supplying, and dealers disposing of used machines in a swop for new, so there are plenty of good late machines available. At the latest sales, the volume of excavators, dozers, crushers and screeners, dump trucks, loaders, telehandlers, back hoes and manlifts were 2018 to 2023 plate machines and represented 24% of all machines sold in those categories.