Finance & Funding

Euro Auctions’ May sale in Dormagen, Germany, saw 1,400 lots (30% up on the February sale) go under the hammer, with 20tonne-plus hydraulic excavators being the most popular type of machine sold. Over 250 Internet bidders registered, and Internet bids were placed on 71% of lots with 27% of all final successful hammer bids being received electronically.

Caterpillar plans to open a new manufacturing facility in Xuzhou, Jiangsu Province, China, to produce undercarriage components and track assemblies, which are utilised on Cat hydraulic excavators.

Internet auction firm IronPlanet plans to sell over 270 items of construction, materials handling and agricultural equipment in its January 26th online auction. Equipment for sale includes excavators, loaders, dump trucks, backhoe loaders, compactors, telehandlers, forklifts, tractors and generators. The equipment is located throughout Europe and includes machines such as a 2010 Hitachi ZX280 crawler excavator, a Caterpillar 160H Motor Grader, two 2003 Terex TR70 dump trucks, a 2007 Caterpillar 319CL crawle

Haulotte Group (HG) increased its Q4 2011 sales by 13%, compared to the same period of 2010. The rise took consolidated October 1 to December 31 2011 sales to US$107.1million (€82.2 million) compared with $94.5million (€72.5million) in the same three months of last year.

Euro Auctions set a new internet sales record for the company after online buyers spent more than US$10.9million (£7million) on used plant equipment during a recent auction in northern England.

US-based Ritchie Bros Auctioneers, the world's largest industrial auctioneer, is staging its biggest ever unreserved public equipment auction. More than 9,100 heavy equipment items and trucks will be sold over the six-day event in Orlando, Florida from February 13-18, 2012.

Auction firm Ritchie Bros says that it is now one of the world's largest online retailers, with Internet sales of equipment surpassing US$1 billion/year.