Used Machinery for sale
The market for used machinery is booming and major international dealers of used machines predict a sharp increase in supply.
Speaking to Used machinery Business, Lars Fürhölter Managing Director
www.hako-bau.de , a leading dealer of German used machinery, said the numbers of old machinery entering the market has been going up.
"We have already seen the impact of the recession in major industrialised countries of Europe and America. Its real impact on used machinery manufacturers will be felt only after a year. This year we expect more European and US companies selling their machinery in the international market," he said.
Karl Gabsch, Managing Director, easy way trading GMBH, another German company, said: "By March 2009, we expect the market for used machinery to grow rapidly because new investors will look for used equipment to save money. In Europe, new machines are used for 25 years but when big companies change their product ranges and models, the machinery gets outdated.
"Most construction machinery companies change their models within six years and the machinery used to produce one model is dumped in the used machinery market. This is a trend in all other big industries."
A number of used machinery dealers from Germany are chasing buyers in the east european and other american countries. "Germany has about 200 big companies dealing only in used machinery. In Europe, there are 3,000 such companies, which have been thriving from the new wave of industrialisation in Eastern Europe. Hako-bau is a leading dealer in second hand Tunneling machines and Aircompressors," Lars said.
He said with the economic recession, companies, especially in Eastern Europe, Russia, Asia and Africa, will get bargain deals. "The price of a 12-year-old Construction machinery Excavator machine is €15,000 compared to €50,000 for a new one. Asia and Africa have been big markets for used machinery. Now companies are buying Chinese and Korean machines, which are available at the same price as a used European machine. However, they do not realise that quality and after sales service facilities are lacking," he said.
Now even the European machinery makers have set up plants in China, Taiwan and Hong Kong to produce cheaper machinery.
Ritchie Brothers Auctioneers, (RB), a global player in the auctioning of used machinery, trucks and construction equipment, had record volumes at its last international auction.
An official spokesman of RB said its final unreserved auctions of 2008 recorded gross proceeds estimated at $3.57 billion for the year, a 12 per cent increase over 2007's gross auction proceeds, making this the largest year in the company's 50-year history.
Buyers from as far away as the United States, Singapore and India purchased almost 1,900 used and unused equipment, from cranes and wheel loaders to a wide range of trucks and cars.
RB also entered into a new three-year, $250m credit facility with several banks to give the company long-term flexibility and access to capital to support future growth initiatives. The firm now has available credit facilities of approximately $550m. Ritchie Bros. Auctioneers - Unreserved Equipment Auctions www.rbauction.com
you can fin used machinery on this auction Volvo Dumtrucks Liebherr cranes Caterpillar Excavator CAT Wheel Loader Hitachi Excavator Komatsu Mini excavator Takeuchi rubber track loader bobcat Skid steer loader and JCB used Machinery
www.ito-germany.com
Speaking to Used machinery Business, Lars Fürhölter Managing Director
www.hako-bau.de , a leading dealer of German used machinery, said the numbers of old machinery entering the market has been going up.
"We have already seen the impact of the recession in major industrialised countries of Europe and America. Its real impact on used machinery manufacturers will be felt only after a year. This year we expect more European and US companies selling their machinery in the international market," he said.
Karl Gabsch, Managing Director, easy way trading GMBH, another German company, said: "By March 2009, we expect the market for used machinery to grow rapidly because new investors will look for used equipment to save money. In Europe, new machines are used for 25 years but when big companies change their product ranges and models, the machinery gets outdated.
"Most construction machinery companies change their models within six years and the machinery used to produce one model is dumped in the used machinery market. This is a trend in all other big industries."
A number of used machinery dealers from Germany are chasing buyers in the east european and other american countries. "Germany has about 200 big companies dealing only in used machinery. In Europe, there are 3,000 such companies, which have been thriving from the new wave of industrialisation in Eastern Europe. Hako-bau is a leading dealer in second hand Tunneling machines and Aircompressors," Lars said.
He said with the economic recession, companies, especially in Eastern Europe, Russia, Asia and Africa, will get bargain deals. "The price of a 12-year-old Construction machinery Excavator machine is €15,000 compared to €50,000 for a new one. Asia and Africa have been big markets for used machinery. Now companies are buying Chinese and Korean machines, which are available at the same price as a used European machine. However, they do not realise that quality and after sales service facilities are lacking," he said.
Now even the European machinery makers have set up plants in China, Taiwan and Hong Kong to produce cheaper machinery.
Ritchie Brothers Auctioneers, (RB), a global player in the auctioning of used machinery, trucks and construction equipment, had record volumes at its last international auction.
An official spokesman of RB said its final unreserved auctions of 2008 recorded gross proceeds estimated at $3.57 billion for the year, a 12 per cent increase over 2007's gross auction proceeds, making this the largest year in the company's 50-year history.
Buyers from as far away as the United States, Singapore and India purchased almost 1,900 used and unused equipment, from cranes and wheel loaders to a wide range of trucks and cars.
RB also entered into a new three-year, $250m credit facility with several banks to give the company long-term flexibility and access to capital to support future growth initiatives. The firm now has available credit facilities of approximately $550m. Ritchie Bros. Auctioneers - Unreserved Equipment Auctions www.rbauction.com
you can fin used machinery on this auction Volvo Dumtrucks Liebherr cranes Caterpillar Excavator CAT Wheel Loader Hitachi Excavator Komatsu Mini excavator Takeuchi rubber track loader bobcat Skid steer loader and JCB used Machinery
www.ito-germany.com
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