Turners Auctions says it has been experiencing record demand for trucks and equipment, and the market is likely to continue to surge with two large liquidation sales planned.
The company says not only is the Christchurch rebuild pushing remains, but locals are having to compete with businesses in Australia, the Pacific Islands and Asia are also competing for the same assets.
In February, Turners is facilitating two multimillion dollar auctions for businesses which have gone into receivership or liquidation in recent months.
The first sale is in Christchurch, with the online sale of a large amount of trucks including tippers, asphalt related trucks, small work trucks, excavators, rollers, Bobcats, asphalt pavers, compactors, trailers, compressors, power tools, and a huge amount of civil contracting and workshop tools. The online auction starts on Wednesday, February 4, when the equipment will be available for viewing at the new Turners Truck & Machinery site at 57 Lunns Ave, Middleton.
In addition to the Christchurch sale, Turners is also planning for a large sale in Auckland with millions of dollars’ worth of civil contracting gear, including excavators, diggers, bulldozers, rollers, graders, dump trucks, tippers, trailer and utes up for sale. The trucks and machinery are available for viewing at the new Roscommon Rd site, with the online sale starting on Monday, February 16.
National manager of Turners’ Trucks & Machinery division, Brad Gardiner, says demand is outstripping supply.
“We are seeing record demand for quality civil contracting equipment, particularly from businesses in Christchurch, and there is simply not enough machines and equipment in New Zealand to meet this demand.”
Turners has identified the growing Trucks and Machinery market as an important opportunity for the company and has seen sales double over the last three years as the company has fine-tuned its focus on this sector.
In the last financial year, approximately 15% of Turners’ revenue was derived from trucks and machinery sales.
