Why now is a great time to sell used equipment through an auction

Why now is a great time to sell used equipment through an auction

Heavy equipment is a necessity for a variety of different companies. There's always someone who needs this type of machinery, new or used. The low supply of new machines, and a high demand for new equipment, has driven prices through the roof. We do not foresee prices going down anytime soon. Now is a great time to get the most out of your equipment by selling through an auction. 

Lyon Auction is a leader in the commercial equipment auction industry. We offer a variety of auctions across the US throughout the year, as well as online auctions. Here are some reasons why you should consider selling your equipment through a commercial equipment auction company.

High demand

There is a very high demand for low-used equipment because of the current market conditions. Selling this machinery at a commercial equipment auction is a quick turnaround. Since the demand is so high and the supply is so limited, you can really get a bang for your buck.

If you’re at the point where you need to liquidate your machinery or create more space in your workplace, selling it at an in-person or online auction is one of the best options, and, who knows, maybe you’ll find a new machine for a new project you’ve been wanting to begin. There are lots of good reasons to sell at an auction including competitive bidding, no negotiations, and great marketing of your product. 

Tips on selling at a commercial equipment auction

People come to auctions to buy, and you know someone in the crowd is going to buy what you have.

An auction is a great way to sell your used heavy machinery pieces, especially if you have quite a few to sell. However, it’s important to have a good understanding of how this market works before you auction it off. Below are some tips on selling at an auction:

  • Research: Have a good understanding of how auctions work will help you determine if now is the right time to sell.

  • Price: Factor all the attributes of your machine into the price. This includes how old the machine is, how many hours it has been used, and any warranties. Auctions are a great way to get the most for your machine.

  • Clean: Books may not be judged by their cover, but heavy machinery is. Dust, re-paint, and replace any worn items.

  • Details: Make sure you give buyers all the information, such as service records and technical specifications.

  • Auctioneers: We can do the work and get you the best price. Put your trust in our expertise.

Online auction

Online auctions are much like in-person auctions, except they come with a bit more ease. There are several advantages to both the buyer and seller such as convenience, a more relaxed experience, and speed. If you’re wondering if an online auction might be a better option for you, take a look at these reasons below to ensure you make the right choice. Fortunately, we offer both online and offline auctions.

  • Convenience: You can still meet a variety of different people, but this way from the comfort of wherever you are at the time. This can also save you time and money with traveling costs.

  • More relaxed: Online auctions are quieter, and they help you make logical decisions, rather than impulse buys. 

  • Speed: Your equipment is sure to sell in a short amount of time. If you’re looking to sell the equipment you need and save time, this is a good option for you. 

We can help you determine the best time and place to sell your machinery and help you determine the value of your heavy equipment.. If you’re interested in selling  your equipment, fill out consignor form today. If you’re looking for an commercial equipment auction near you, check out our auction calendar today.


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