While auctions aren’t right for every construction contractor or piece of equipment, they are a popular means of buying or selling used heavy equipment and trucks.
Sellers benefit from a built-in audience of qualified buyers and reduced workload on the front and backend of the sale. Typically, auction companies will manage the liens, title searches, marketing, legal paperwork, offer fielding and shipping logistics related to the equipment disposal.
Meanwhile, buyers can score a good deal on machinery with more hours left to give as the asset is sold at the current market price for the region.
With the supply chain challenges over the past few years, there has been reduced availability of new compact and heavy equipment, making used equipment purchases a necessity for equipment managers looking to fill a gap in their fleet.
Top Bid, an equipment value data provider, compiles a rolling calendar of live and online construction equipment auctions globally. Below are the upcoming auctions for the remainder of 2023.
The following companies can assist contractors with purchasing or selling used construction equipment:
