Issue link: https://read.dmtmag.com/i/279349
I DA U N I V E R S A L M a rc h -A p r i l 2 0 1 4 27 NUTS & BOLTS continued from page 25 But Ashlock was anticipat- ing a revival of construction in the Southeast U.S. to translate into greater competition for equipment at the auction. In Central Florida, Ashlock now has about 40 cranes deployed at Orlando jobs that include everything from road projects to the Dr. Phillips Center for the Performing Arts. Ashlock's cranes can fetch $20,000 to $45,000 in monthly rental fees. At the most recent auction, more than $29 million was actually purchased by buy- ers from the state of Florida, while more than $137 million (or 82%) was sold to buy- ers located outside the state, with more than $48 million (or 29% being sold to buyers outside the country. Buyers participated from as far away as the United Arab Emirates, Guyana, Italy, Nigeria, Russia and Qatar. Every item in the auction was sold to the highest bidder, regardless of price – without minimum bids or reserve prices. Kriebel said those "absolute auction" rules help draw international buyers, who typically ship their pur- chases by freighter. But the auction has other draws, too. "Ultimately, the reason why people like this sale in February is because of the climate and the attrac- tions," he said. ReportsnReports.com adds the report Construction Equipment Market in Europe 2014-2018 to its store. ough many organizations across the industry prefer to have the latest construction equipment technology to improve their productivity, some SMEs fi nd it diffi cult to buy such equip- ment due to the high cost. e increasing competition among vendors is also forcing vendors to diff erentiate themselves by providing innovative value- added services. erefore, construction equipment ven- Auction quick facts • Total Gross Auction Proceeds (in-person and online): more than $166 million • Amount sold online: more than $54 million (* new company record) • Unique registered bidders (total): more than 8,640 • Unique registered online bidders: more than 4,400 (* new company record) • Online buyers: more than 1,000 (* new company record) • Total number of lots sold: more than 8,800 • Total number of sellers: more than 830 (* new Orlando per- manent auction site record) e next Ritchie Bros. Orlando unreserved public auction is scheduled for May 15, 2014. ● Orlando Sentinel, by Mary Shanklin, February, 2014; Ritchie Bros. Auctioneers Feb. 24, 2014; www.ritchiebros.com Construction Equipment Market in Europe 2014-2018 dors are off ering construction equipment, such as excavators, wheel loaders, motor graders, crawler cranes, truck cranes, and truck-mounted cranes on a rental basis. is allows cost-driven organizations in developing countries to opt for the latest construction equip- ment at minimal cost, thereby improving their operational productivity. us, the option of renting encourages cus- tomers to use a wide range of construction equipment. Complete report is avail- able at www.reportsnreports. com/reports/275458-construc- tion-equipment-market-in- europe-2014-2018-.html. Analysts forecast the Con- struction Equipment market in Europe to grow at a CAGR of 1.25% over the period 2013- 2018. According to the report, the Construction Equipment market in Europe is driven by several growth factors, and an increase in public infra- structure projects is one of the major drivers. Due to the rapid development of the Eastern European region, increasing growth of public infrastruc- ture has led to the demand for construction equipment. e Construction Equip- ment Market in Europe 2014- 2018 has been prepared based on an in-depth market analy- sis with inputs from industry experts. e report covers the Construction Equipment mar- ket landscape and its growth prospects in the coming years. e report also includes a discussion of the key vendors operating in this market. ● www.international.to, February, 2014 Ritchie Brothers Continued from page 25 Nuts & Bolts continued on page 37