Article Written By: Ravi Marwaha
As we approach another year-end, organizations are beginning to shift their attention into planning for next year, while evaluating how effective their strategies were for this past year. As a result, many teams are looking to wrap up the remainder of their projects to make sure any of their positive impacts to the bottom line are included.
The number of our clients that have reached out to us in the past few weeks has been staggering. From our experience, we have found that organizations tend to hold onto their surplus assets until the end of the year. While it is always best to implement an ongoing strategy to recover value from assets year-round, it is not too late to sell used equipment or surplus assets before year-end. Let’s explore the few types of assets that will sell the quickest and at the highest return.
MRO – (Maintenance, Repair, and Operations) refers to all maintenance parts used for repairs or to support production operations. Almost every production-based vertical relies on MRO to make sure production does not stop and equipment continues to operate. At the end of the year, as plants begin to evaluate and plan for the next year. it is extremely common to see organizations looking to sell MRO that has become surplus to ongoing operations. In order to maximize the value of these assets, it is important to consider the best way to group and sell the assets. We previously wrote an in-depth article on How to Sell your Surplus MRO & Spare Parts, which has some great tips on how to increase your chance at success when selling MRO.
Metalworking machinery is one of the most popular types of equipment sold on the second market. With assets ranging from horizontal CNC machining centers to lathes and presses, the demand for quality metalworking machinery is always high. By selling used metalworking machinery, you are able to quickly clear out storage space and still recover top dollars for equipment you no longer need. In fact, selling metalworking machinery on Aucto is so popular, we recently launched a Pricing Engine online tool to help organizations calculate how much their metalworking machinery could be worth. Check out our new beta Pricing Engine and find out how much your metalworking machinery & equipment could be worth before you sell it.
The demand for Heavy Machinery and Fleet Vehicles has never been higher. We have seen an increase in these items being sold on the Aucto Marketplace recently and an equally high number of buyers looking for these assets. The more generic the machinery, the more potential buyers, which helps generate a higher value for the equipment. Look to clear out your storage yard of idle heavy machinery and fleet vehicles before year-end to recover the most value possible. We previously wrote an in-depth article on this topic, Get our 7 Tips to Maximize Value when selling Heavy Equipment which is a great resource to review if you’re thinking about selling some of your surplus heavy equipment soon.
It is not too late to try and recover value from your used and surplus assets before the end of the year. Selling your surplus assets is one of the quickest ways to generate cash and positively impact your bottom line. Our clients always end up being pleasantly surprised when they find out how in-demand their surplus assets are on the second market. So, if you’ve got any spare MRO, metalworking, or heavy equipment lying around, it might be a good time to get them listed and sell them quickly before the end of the year.
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