Commercial Vehicle Auctions (CVA) has introduced a new combined plant and used truck sale at its Doncaster sale site to get more stock in front of a wider audience.
The first of the new format sales, which saw running and static plant sales paired up with the regular running truck auction was held on 22 October and saw 55% of all stock sold generating a total of £850,000.
Speaking about the new format auction, CVA MD Ross Dalton said: “We’ve noticed that our truck buyers will buy the odd bit of plant if it’s in a truck sale, but they buy it in a very ad hoc way. None of the plant buyers buy those items though because they just don’t come to the auctions. That’s why we thought about putting more product in front of them both. It doubles our crowd, creates extra buyers and should lead to more stock as success will breed more success.”
Highlights of the first sale included the last of a batch of coaches which CVA had been gradually releasing on to the market, as well as a 2010 Johnston’s road sweeper on a DAF LF55 chassis which performed strongly to reach a £33,000 sale price.
Dalton added: “It [the coach sale] was a superb achievement and goes to prove how a steady drip feed of stock for large batches can see prices gradually rise once we’ve had the chance to build a marketplace for them. The demand we have built for them with an extensive advertising campaign saw prices peak at up to 100% higher values for the same product.”
The combined truck and plant auction will continue once a month, which Dalton believes will prove popular for plant customers as the more regular auction will allow assets to be remarketed sooner, having previously only had a sale every six weeks.