UK Auction Review – UK machinery market stays strong in 2022 with Euro Auctions Leeds having its best year ever.

At the last sale of the year at the flagship sale site in Leeds, Euro Auctions put just over £35 million of used construction machinery and agricultural equipment over the ramp in four days, including over 700 diggers of all makes and models. With market confidence in the UK still high with the Leeds yard stacked to the rafters and just over 4,500 lots were sold.

2022 was not without its challenges with access to stock being the major issue, however the  team at Euro Auctions excelled themselves consistently pulling into the Leeds sales between 4,500 and 5,500 lots of heavy earth moving, construction and agricultural machinery at each sale. With a reputation for sourcing good, fresh, late, low hours machines on a regular basis in addition to consignments of new and unregistered equipment, the Euro Auctions team continued to ‘dig deep’ and delivered, sale on sale. Internet bidding continued to be strong at all Euro Auctions sales in 2022, a hangover in trading style from Covid, with 69% of bids conducted online. 

However, in mid-2022 the crowds returned to the live sales and at the final Leeds auction of the year the number of live bidders reached pre-Covid numbers and when compared with the same sale in October 2021, there was a 20% uplift. 

2022 was a stellar year for Leeds with the highest yearly hammer total to date at £329+ million in sales, which was a 24% increase over the previous year and the largest number of items sold in one year with 40,000+ lots going over under the hammer.