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Second hand machinery demand remains strong, despite new export barriers

Stags Auctioneers report another highly successful Online Timed Auction of tractors, vehicles and machinery and general equipment which closed on Sunday 24 January. Over 600 lots were on offer and 487 of them were sold successfully resulting in a 76% clearance rate. Over 42,000 people viewed the auction, with the final hours being observed by over 13,000 people resulting in purchasers from Southern Ireland, Oxfordshire, Warwickshire, Lincolnshire, Norfolk and Sussex along with the usual local counties in the South West of England.

Strong demand for genuine second-hand machinery continues despite new barriers being faced by European and Northern Irish exporters since the UK’s split from the European Union. Exporters must now comply with the European Union’s third country import requirements. This involves substantial additional paperwork and the need for each exported item of machinery requiring a phytosanitary certificate (PC). This certificate which comes at a cost of £25.52 per certificate issued with the inspection of each item costing a minimum of £63.80, payable for each 15-minute period spent carrying out the inspection and any associated activities including travel time, with a further minimum fee of £127.60 also enforced as an attendance fee. These new rules will inevitably add substantial costs to anyone exporting singular or multiple items at a time to the EU or Northern Ireland. This is without the additional cost involved with the process of ensuring machinery is cleaned and free from soil and plant debris in order to obtain a phytosanitary certificate. A cost that can be very prohibitive for heavy or older machinery that requires extensive deconstruction and very thorough cleansing throughout the machine.

Despite the above home demand remains strong and yet again purchasers from across the nation battled it out to acquire genuine used equipment. An example of this saw a 1995 Case International 4230 Tractor c/w Trima Loader, sold by a family farm in Tavistock, achieve nearly double the vendors expectations finally being purchased by a farmer from South East Cornwall. Although a few European and Northern Irish buyers were active their bidding was conservative, perhaps with the new rules above hindering their confidence on this occasion.

Other strong and pleasing prices included what is fast becoming an Iconic Classic tractor a 1989 Ford 7810 Tractor which changed ownership for £10,600. The biggest item in size offered was a 30T Fiat Hitachi Excavator offered from a deceased estate in the Blackdown Hills and sold as a non-runner which drew a surprising amount of buyer interest and eventually commanded a massive price of £10,500 considering the attention it requires and was eventually purchased by a boat yard located on the South Coast of England.

Stags hope to be able to resume their traditional public auctions in the near future and will continue to run the highly popular Online Auctions alongside these when able to do so. In the meantime, if you require advice or have items to disperse please do not hesitate to contact the South West’s Online & On Site Sales specialists.