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Important Information About Industrial Equipment Auctions!

master3 years ago07 mins

In today’s modern society, auctions have become a widely accepted and favored method of liquidating heavy-duty machinery and equipment because it is fast and convenient in comparison to the traditional method of buying and selling through a dealer. If a company is having a difficult time disposing of specialized equipment, it is important to not let it just sit and lose all of its value. There is one option that many businesses choose to dispose of such vehicular assets – it is to auction industrial equipment!

Buyers Tips

Following are some of the reasons why some companies decide to sell vehicles in this fashion:

Flexible Strategy – When a company wants to auction industrial equipment, different sales strategies are used depending on which one is the most effective way to liquidate that type of machinery. The three strategies that are most often used are: online, live, and sealed bids. This allows assets to be marketed to targeted bidders.

Maximum Net Recovery – One thing that every seller wants is to get the most money possible for the equipment. By selling these vehicles at an auction, businesses can secure the resale value by setting a reserve backhoe names amount; any bid that is beyond the reserve price gives provides greater earnings. If the unit being sold is in pristine condition and in high demand, it is possible to generate even more profit for a company.

Extensive Marketing – Sellers can take advantage of the powerful marketing strategies used by auction companies. Equipment is sold through a wide range of media including internet ads, newspapers and magazines, brochures, e-mail marketing and much more. These marketing efforts are directed toward targeted customers who use and deal with industrial machinery and are most likely to participate in the bidding process.

Sellers Tips

Sellers who decide to liquidate assets through an auction service are making a smart choice, as the units usually sell very quickly due to the sense of urgency that these events convey to a buyer. For a seller to receive the greatest benefits, there are also a few things to be considered.

Reputable Company – The success of liquidating an asset depends greatly upon the host of the event. The auction company is the one who will decide how the equipment will be marketed; know the right people to participate in the bidding; and actually food processing methods ppt facilitate the event. This is why it is so important to choose a company that is an expert in all three of these areas. Look for a bidding company that has been in this business for a long time and is a well-known, reputable company.

Allow Adequate Time – One of the most time-consuming processes is the marketing phase; every seller should keep in mind that the more time that is allotted for marketing, the more bidders who will be attracted to participate in the event. Give the auctioneer ample amount of time to market the equipment to a large number of potential …

Choosing Material

Why Commercial Vehicle Dealers Love Heavy Equipment Auctions!

master4 years ago07 mins

Any vender of heavy equipment and commercial vehicles loves the sale of a new unit, though such transactions tend to leave dealerships with a stockpile of used equipment that is taken in on trade. The reality of reselling used equipment is that in most cases, it is easier and more profitable for a dealer to take traded-in vehicles to an auction of industrial equipment rather than attempt to sell it off the lot.

Considering the fact that without a doubt, most buyers of used commercial trucks are headed to the auctions themselves, the exposure alone makes it very worthwhile to wholesale used units. There food processing industry analysis are many other benefits to sending this equipment through this unique sale that most wise dealers know very well and take advantage of such options rather than trying to sell outright.

Greater Exposure – As already mentioned, currently most buyers looking to purchase a used commercial vehicle are looking at the auctions in most cases. Not only does this allow wholesalers to have units seen by a wider audience than would have been possible if only local advertising had been done, it is much more affordable in the long run. By listing with an auction of industrial equipment that is being handled by an established auction house with many years of experience running these types of sales, the hard work of knowing who to advertise to and how is out of a dealer’s hands. All that needs to be done is to list the vehicles, then wait for the sale to happen.

Fair Pricing – Since auctions are largely driven by actual market prices for used equipment, dealers who liquidate or wholesale trade-ins stand to make much more money than ending up with trucks that sit for a long time only to eventually be sold for much less than their potential worth. While a trader is not going to make the very top dollar on used vehicles, there can at least be confidence that a fair market price can indeed be received for a unit, a price that can achieve being a good deal for both a buyer and a seller. Just the fact of being able to move multiple units in a rapid fashion is a real bonus in its own way, putting money back in the bank for the dealers while getting used equipment into the hands of those with a real need for that type of vehicle.

Easily Handled Transactions – In most cases, auction companies take care of all paperwork, making the transaction quick and easy for sellers and buyers. Title transfers and proof of ownership are provided for the new food processing equipment design ppt owners and in return, payment is guaranteed to the sellers. This takes most of the headache in dealing with individual buyers and individual financing out of the picture, making selling in this fashion a pleasure.

Great Option for Used Buyers – For the dealers that specialize in used trucks, the auction is …

Foundation

Understand the History Behind Industrial Equipment Auctions

master4 years ago06 mins

Auctions have been a method of trade for centuries, tracing their beginnings to ancient Greece; regardless of the item being sold, it is still an important way to conduct business today. With the advent of the internet, this type of sales venue has gained even more popularity because it allows people from all around the globe to bid on various items simply by logging onto any computer with a wifi connection. This is one of the biggest reasons they have become one of the favorite ways to buy and sell heavy-duty commercial equipment.
Early Sales Events
The first auctions started around 500 BC and were quite a bit different from what the typical modern event of today. They were held infrequently and used primarily to get the best price for women, slaves and other spoils of war that would otherwise be difficult to sell in any other fashion. It was the Romans who originally used a bidding format to liquidate property belonging to debtors who were behind on payments.
They were originally run the opposite of how they are today, with the bidding starting out high and gradually lowering until someone finally placed a bid to purchase the item. As time progressed, this was reversed to the method used today, with bids that start low and gradually increase until someone with the highest bid wins the right to purchase the item. Auctions have been a huge part of commerce and trade in every culture and society.
Heavy Equipment Events
In the 1900’s, equipment auctioning began with the Great Depression, with the liquidation of many farms and all of its machinery. The 1950’s brought the first automobile auctions and in the 1960’s, after the advent of the digger derrick and other industrial machinery, these units global industrial gloves began to be seen at such bidding events. Technology was steadily increasing and something new was always becoming available. These events gained in popularity in the 1970’s, with buyers and sellers meeting at central locations to dins and liquidate all kinds of machinery.
Today’s Events
Today, industrial and heavy equipment auctions are still conducted at physical sites, although there are many companies that host online auctions as well. In light of the property being offered and how difficult it is to get this kind of machinery to and from onsite sales, the internet has become an invaluable tool in the heavy equipment auction world. With some accommodations to help the process go very smoothly, buyers and sellers of just about any kind of industrial vehicles and machinery can find what is needed and bid on it, no matter where it is located.
Through the use of reputable appraisers and a central, independent sales company which takes the position as a go-between, it is possible for buyers to purchase equipment without fear of fraud in almost every case. The dependable auction houses go through a great deal of effort to properly represent what is being offered for sale and will stand behind their appraisers, …

Wood

Save Money and Time – Use Industrial Equipment Auctions

master4 years ago06 mins

Auctions, whether online or offline, are beneficial tools for anyone looking to buy or sell industrial or heavy-duty equipment. With such high-priced items, buying and selling can be a difficult task. Going to an auction of industrial equipment can make this process a lot easier in a number of ways as it has become a very popular way to buy or sell heavy equipment with ease, speed and confidence. Following are some of the ways in which such a unique sales venue can be helpful to buyers and sellers of industrial equipment.

Convenience – There is no doubt that listing machinery and vehicles with those who auction industrial equipment is much more convenient than conventional selling. Being able to provide a few photos and details about an item and then waiting for a sale date is a much easier way to machinery facility move used equipment in terms of time, money and effort than it would be to list the item, respond to questions, and show it individually. In an auction venue, buyers come to sellers in one central location, avoiding the difficulty for vendors to hunt down buyers scattered all over.

Little Effort – Once a unit is listed with an auction company and specific information has been provided, vendors do not have to do anything else. In the case of online auctions, these companies will even send agents to the vendor to get all pertinent information, snap a few pictures, and professionally assess the vehicle so it is properly represented at the sale. These companies are in business to sell other people’s expensive equipment and know how to properly list a unit, removing most of the workload from a seller’s shoulders.

Low Risk – Another benefit to using an auction company to move used machinery is that finalization of the sale and exchange of money is handled. This is so convenient for sellers as well as greatly reducing the risk of being deceived by a buyer unable to pay for the purchase as this must be done through the auction company prior to receiving the title and other paperwork, ensuring proper payment for involved parties.

Great Price – Considering all of the word involved in selling heavy equipment, even after the auction house has been paid vendors still get a higher price for units than if sold in other ways. Even if a little less money is received, considering the time and effort it would have taken to show the unit, deal with finance companies and warranties, and whether a buyer actually has the funds to make a purchase, such service is invaluable. Although there is never a guarantee as to how much money equipment will bring, experienced dealers know exactly how to sell such units and can generally get the best market price. A reserve price can be set, which is an added protection against selling a unit far below its value.

Of course, not every situation works out best for all parties; however, there are so …

Wood

How to Find the Best Industrial Equipment at Auctions!

master5 years ago05 mins

Getting the best deals from an auction takes much more than the just being the highest bidder. There are many other things that must be taken into consideration in order to purchase something of great value such as industrial equipment. Just like every other business, the purchasing of industrial equipment requires an ability to sort the good from the bad. Otherwise, it would be very easy to buy sub-standard equipment whatever the price and not realize it until nothing can be done about it.

Factors to safety equipment near me Consider

Several factors enter into buying heavy-duty industrial shift in supply curve perfect competition equipment at an auction, some of which is listed below:

Awareness – It is important to be aware of what is going on in the industrial equipment auction world, especially the various dates for auction sales presented by the various auctioneers. Keeping on top of this provides good information about the items being auctioned by various companies at any given time which increases a buyer’s chances of acquiring the best equipment available at such events. Connecting with various auction firms that offer to send out or e-mail information about what is coming up soon can accomplish this simply by signing up for such a service and then monitoring regular mail and e-mail for notifications.

Equipment – It is also important for a purchaser to know the exact type of machinery that is being sought to buy from an auction. It must be know: what type of jobs will be done by the equipment to be purchased; how many are needed; what type; and the amount of money that can be spent on these acquisitions.

Budget – It is important to establish a budget for such purchases to help decide which machines to bid on and which avoid, depending upon the initial expenditure, cost to operate, and maintenance costs to name a few of the important considerations.

Research – To wind up with the right item from an auction, it is important to acquire suitable information about the machinery used in a business. This can be done through research efforts such as reading brochures, equipment manuals, product descriptions, product reviews, magazines, books, journals and information from various media and online sources. Such sources offer guidance on the various factors that accompany the purchase of industrial equipment.

Final Step

The last thing to do in this process is to actually make a bid; however, there is something that goes along with this step – caution. It is vital to be informed about what is being bought. This can be accomplished by following some of the steps listed above and by looking at the ability of the machine to work well in its new work assignment. Maintenance records, date of manufacture and output levels of any auction industrial equipment should be closely examined.

Lack of any of this information could be detrimental; however by becoming knowledgeable about the products being offered for sale, it is possible to gauge whether …

Choosing Material

Keeping a Company Alive With Equipment Auctions!

master5 years ago06 mins

In these uncertain economic times, companies have had to make many difficult decisions to keep functioning. Automotive and industrial companies have been hit particularly hard by the recession due to the increased price of petroleum which has sent ripples throughout the marketplace and deterred many potential customers from buying new vehicles or even using old ones.
Inflated transportation costs have caused storage shortages across the country which has forced companies to compromise services. While some industries such as construction, mining, and waste management are thinking about selling all but the most important equipment in order to reduce expenses, others are saving money and expanding their range of services by purchasing various types of used equipment at auctions. Following is information about the different types of these unique selling venues.
Private
Because of the opposite incentives of selling and buying, both tend to spike during times of financial crisis, leaving equipment auctions as a lucrative market for prospective buyers. Some large companies are selling all equipment not directly related to their core business, resulting in a large quantity of high-quality items being offered for sale. Some companies host their own auctions, which can be very beneficial for buyers to actually talk with previous owners about the vehicles; it is also possible to choose from a wide selection of spare parts. When dealing with only one seller, rather than several in competition with each other, buyers may be able to formulate package deals and save more money by purchasing several pieces of equipment at the same time.
Public
When seeking a public auction, it is important to look for reputable sellers with high standards. Such reputable companies always ensure that equipment offered for sale has been professionally appraised, which is helpful for buyers who cannot afford immediate repairs or spare parts once a purchase has been completed. The top auction companies provide potential buyers with catalogs, photographs, item descriptions and websites with all appropriate information about the equipment being sold.
Relevant documents such as manuals, registrations, repair receipts, warranties and maintenance logs should be available to a buyer and can sometimes be requested directly from the seller prior to the start of the event. By making use of available reference material, purchasers can complete research and set a budget before attending the auction, increasing the chances of locating a good deal. An added benefit of auction company research is that if certain needed vehicles are not at that site, time and money for travel expenses can be saved by not having to attend that event to find the necessary piece of equipment.
Specialized milestone b requirements
By attending a specialized sales venue for heavy equipment rather than a general one, buyers have a wider range of items from which to choose and can increase the likelihood of finding the right vehicle. For example, companies in the construction industry can find an auction house specializing in their needs rather than relying upon smaller, local, non-specific events. Auctioneers know that hosting a specialized event …

Wall

Important Information About Industrial Equipment Auctions!

master5 years ago07 mins

In today’s modern society, auctions have become a widely accepted and favored method of liquidating heavy-duty machinery and equipment because it is fast and convenient in comparison to the traditional method of buying and selling through a dealer. If a company is having a difficult time disposing of specialized equipment, it is important to not let it just sit and lose all of its value. There is one option that many businesses choose to dispose of such vehicular assets – it is to auction industrial equipment!

Buyers Tips

Following are some of the reasons why some companies decide to sell vehicles in this fashion:

Flexible Strategy – When a company wants to auction industrial equipment, different sales strategies are used depending on which one is the most effective way to liquidate that type of machinery. The three strategies that are most often used are: online, live, and sealed bids. This allows assets to be marketed to targeted bidders.

Maximum Net Recovery – One thing that every seller wants is to get the most money possible for the equipment. By selling these vehicles at an auction, businesses can secure the resale value by setting a reserve hbr global supply chain amount; any bid that is beyond the reserve price gives provides greater earnings. If the unit being sold is in pristine condition and in high demand, it is possible to generate even more profit for a company.

Extensive Marketing – Sellers can take advantage of the powerful marketing strategies used by auction companies. Equipment is sold through a wide range of media including internet ads, newspapers and magazines, brochures, e-mail marketing and much more. These marketing efforts are directed toward targeted customers who use and deal with industrial machinery and are most likely to participate in the bidding process.

Sellers Tips

Sellers who decide to liquidate assets through an auction service are making a smart choice, as the units usually sell very quickly due to the sense of urgency that these events convey to a buyer. For a seller to receive the greatest benefits, there are also a few things to be considered.

Reputable Company – The success of liquidating an asset depends greatly upon the host of the event. The auction company is the one who will decide how the equipment will be marketed; know the right people to participate in the bidding; and actually facilitate the event. This is why it is so important to choose a company that is an expert in all three of these areas. Look for a bidding company that has been in this business for a long time and is a well-known, reputable company.

Allow Adequate Time – One of the most time-consuming processes is the marketing phase; every seller should keep in mind that the more time that is allotted for marketing, the more bidders who will be attracted to participate in the event. where to buy wood for furniture making Give the auctioneer ample amount of time to market the equipment to …

Material Endurance

The Changing Climate of Industrial Equipment Auctions

master6 years ago05 mins

Industrial equipment auctions often play an important part in today’s business world and can be a lucrative way for both buyers and sellers to conduct business. It may be critical for some companies trying to keep their heads above water in tough financial times to quickly sell a vehicle no longer needed to obtain operating money. Then another company may need to purchase a high-quality, used vehicle to replace a non-working one to stay in business. Whatever the case may be, a modern-day bidding experience can be very different from what may be envisioned.
Differences welding supplies lexington ky
The main difference between a stereotypical auction and a typical heavy equipment auction is that the latter usually involves a seller expecting a certain return even when needing to move machinery quickly. There are deals to be found and selling prices are nowhere near the purchase price of brand new ones; however, this sales machine shop tools list venue is much more than just a discount sale but more of a gathering of the right buyers and sellers in the same place and at the same time, making the entire process easier for everyone. Some units will sell for slightly less than book value; however, there are lower costs with this method, so it all evens out in the end.
Convenience
Whether it is a private sale at the seller’s facility; a public event with multiple vendor; or an online event, the biggest appeal of this type of venue is convenience and selection. Auction houses that specialize in industrial equipment understand both sides of the coin – not just the needs of the sellers but the needs of buyers as well. While the highest bidder still wins the item – these events are somewhat different in terms of scheduling, advertising and execution.
Selection
A key to the successful turnover of heavy equipment is in the auction company selected; it should be one that specializes in industrial machinery. Such companies are knowledgeable about pricing, current market trends and which specific units will sell – or not. With such knowledge, it can be strategically planned when to schedule a sale based on the current market as well as deciding which units to include or to hold onto until the next sale and better market conditions.
Advertising
It is imperative that advertising be directed to the right audience and through the right channels to achieve a successful heavy equipment auction. Unlike a local sale where ads are generally placed in community newspapers and fliers sent to local businesses, specialized sales and online events need to use other means of marketing to reach their targeted audience. The internet is irreplaceable in terms of marketing upcoming events; it is now possible to put detailed information online about units being sold for review by potential buyers. Auction companies that regularly deal with these type of sales know which online and offline publications as well as social media sites can advertise and reach the right audiences.
The first …

Metal

Fixing Machines Vs Starting Over at Equipment Auctions

master6 years ago05 mins

It never fails- you’re knee deep in plastic goo and the “Injection molding machines fault” light comes on, bringing the entire operation to a crash halt. You tell the men to take five and hit the candy machine, but getting it back on board can mean hours and headaches, or it might just mean a quick flip of a switch. Like your vehicle’s check engine light, it’s a notification that can spell calamity or a minor problem. Knowing the difference can save you the price of the mechanic when you know how to fix it yourself. On the other hand, the sooner you know the machine is cooked, the sooner you can start hitting the equipment auctions for a replacement.
Analysis of Systems
When the light presents itself, check with the operator and find out what exactly failed and under what circumstances. Was there any particular industrial safety devices anomaly right before failure? Was there smoke or other unusual smells? Was the equipment misused in any way? Are there changes in operation?
Observe the Whole Picture
Check deeper and see if the machine has been damaged. Is the hydraulic system loose or weak? Do the injection molding machines exhibit any significant interference signal? Check all pressure gauges to ensure they are normal. Also check that the filter, alarm, and interlock devices are working properly.
Knowing When to effects of machine breakdown Ask for Help
If you can’t get the machine back online with your own people, and the alert notice fails to go away, consider consulting a mechanic who specializes in injection molding machines. You can usually contact one on an emergency notice within a few hours. Time is money. The longer the machine stays down, the larger the draw on profits.
When to Start Over
Every machine has its time to be scrapped, just like the rest of us. Injection molding machines have a lifespan of their own, and sometimes no amount of repair can bring them back from the dead. Know when it’s time to shop fresh. You’ve got your choices. You could buy new, but you’ll likely find more affordable alternatives from equipment auctions. With so many businesses going into the ground in this recession, equipment auctions are plentiful. Finding cheap injection molding machines is about as easy as finding empty warehouses in Detroit.
New or Used?
Deciding whether to buy a new machine or simply make do with a used one depends on your use. In most cases, you’ll find much more affordable options on injection molding machines at equipment auctions. You can usually get them in good condition for a fraction of what you’d pay new. Equipment auctions tend to have a pretty good selection of injection molding machines.…

Wall

The Changing Climate of Industrial Equipment Auctions

master6 years ago05 mins

Industrial equipment auctions often play an important part in today’s business world and can be a lucrative way for both buyers and sellers to conduct business. It may be critical for some companies trying to keep their heads above water in tough financial times to quickly sell a vehicle no longer needed to obtain operating money. Then another company may need to purchase a high-quality, used vehicle to replace a non-working one to stay in business. Whatever the case may be, a modern-day bidding experience can be very different from what may be envisioned.
Differences
The main difference between a stereotypical auction and a typical heavy equipment auction is that the latter usually involves a seller expecting a certain return even when needing to move machinery quickly. There are deals to be found and selling prices are nowhere near the purchase price of brand new ones; however, this sales venue is much more than just a discount sale but more of a gathering of the right buyers and sellers in the same place and at the same time, making the entire process easier for everyone. Some units will sell for slightly less than book value; however, there are lower costs with this method, so it all evens out in the end.
Convenience milling machine parts for sale
Whether it is a private sale at the seller’s facility; a public event with multiple vendor; or an online event, the biggest appeal of this type of venue is convenience and selection. Auction houses that specialize in industrial equipment understand both sides of the coin – not just the needs of the sellers but the needs of buyers as well. While the highest bidder still wins the item – these events are somewhat different in terms of scheduling, advertising and execution.
Selection
A key to the successful turnover of heavy equipment is in the auction company selected; it should be one that specializes in industrial machinery. Such companies are knowledgeable about pricing, current market trends and which specific units will sell – or not. With such knowledge, it can be strategically planned when to schedule a sale based on the current market as well as deciding which units to include or to hold onto until the next sale and better market conditions.
Advertising
It is imperative that advertising be directed to the right audience and through the right channels to achieve a successful heavy equipment auction. Unlike a local sale where ads are generally placed in community newspapers and fliers sent to local businesses, specialized sales and online events need to use other means of marketing to reach their targeted audience. The internet is irreplaceable in terms of marketing upcoming events; it is now possible to put detailed information online about units being sold for review by potential buyers. Auction companies that regularly deal with these type of sales know which online and offline publications as well as social media sites can advertise and reach the right audiences.
The first place that many …