The recent sale at the Euro Auctions flagship sale site in Leeds, showed a solid £44.4 million hammer total, providing the best start to the new year ever as market demand strengthens 

Market confidence continues to soar in the used construction and agricultural machinery markets at Euro Auctions January 2023 auction produces a £44.4 million sale hammer despite the current economy. Euro Auction, Leeds proves to be the auction site that ‘just keeps on giving’ regardless of market forces. 

With 547 vendors from 22 countries consigning equipment to this sale, it was the home nation that ruled this auction, with 480 sellers coming from the UK. In all 5,432 lots went over the ramp, with a hammer total of £44.4 making this sale 13% up on the previous sale in November / December (when 4,509 lots achieved a hammer total of £38.9 million). That is a remarkable achievement, as in just short of 8-weeks, including Christmas, Euro Auctions has cleared the Leeds yard and re-stocked to capacity to nearly 5,500 pieces of heavy construction and agricultural machinery and commercial vehicles. An astonishing feat!

With almost 5,000 bidders registering to take part in this sale, this was the most registrations at any Euro Auctions sale anywhere, of which 831 of those registrations were bidding for the first time. There were 1,223 buyers at this sale of which 76% of all sales were transacted via the internet.  Europe was the big buying region with 50% of the sales total going to Europe.  44% to UK based buyers with the rest of the world making up the remainder.