Buying and Selling in Machinery Auctions

A machinery auction is an event where buyers and sellers come together to bid on and sell various types of machinery and equipment. Machinery auctions typically involve the sale of industrial and manufacturing equipment.

Machinery auctions are often used by companies to dispose of surplus or outdated equipment. This can lead to bargains for buyers who are able to purchase high-quality equipment at a fraction of its original cost.

The rise of online machinery auctions has also significantly changed the machinery auction industry. Online auctions make it easier for buyers and sellers to connect, regardless of their location, and have also increased transparency in the auction process. As a result, online auctions have become increasingly popular, and many auction houses now offer online bidding as an option for buyers.
Sell on Aucto

The History of Machinery Auctions

The history of machinery auctions can be traced back to the 18th century, when auctions were primarily used to sell goods seized by the government or sold off by bankrupt business merchants. However, it was not until the 19th century that machinery auctions began to be used as a means of buying and selling industrial equipment. In the United States, the first machinery auction was held in 1855 in Cincinnati, Ohio. Today, the machinery auction industry is a large and thriving market. According to a report by ResearchAndMarkets.com, the global machinery auctions market is projected to reach $7.5 billion by 2025, growing at a CAGR of 6.5% from 2020 to 2025. This growth is attributed to the increasing demand for used machinery and equipment, as well as the growing popularity of online auctions.
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Buying in Machinery Auctions

Why Should I Buy Industrial Equipment in a Machinery Auction?

Purchasing industrial equipment in a machinery auction can be an excellent way to buy the necessary machinery for your business while also experiencing several other benefits. Here are some of the benefits of buying industrial equipment in a machinery auction: 

Competitive Prices

One of the benefits of buying industrial equipment in a machinery auction is the opportunity to purchase machinery at competitive prices. Often, machinery auctions offer equipment at prices that are significantly lower than the market value, which can save your business a considerable amount of money.

Large Selection of Equipment

Machinery auctions offer a vast selection of equipment, including new and used machinery, which can be difficult to find in other places. This equipment can range from MRO & spare parts to metalworking machinery and heavy equipment.

Transparent Buying Process

Online industrial auctions provide a transparent process of purchasing machinery. You can inspect the machinery before the auction and ask questions from the auctioneer or the seller. The auction process is open to everyone, and the highest bidder gets to purchase the equipment.

Quick Turnaround on Purchases

Purchasing equipment in a machinery auction can save time compared to other methods, such as purchasing from a dealer. Auctions offer the opportunity to purchase machinery within a short period, and the process is usually completed within a day. The seller is also motivated to get the machinery and equipment out of their facilities since the machinery is often surplus to operations and no longer needed.

Why Buy in a Machinery Auction on the Aucto Marketplace?

Aucto Marketplace is an easier way to buy industrial equipment in a machinery auction. On our platform, you will be able to connect with real, verified businesses who want to sell at a fair price. The entire process is transparent, and everything you need to know about the equipment is included in the online listing.

Aucto has over 10,000 product categories to help you find the exact equipment you are looking for quickly and easily. Apply the necessary filters and search categories to bid for everything you need to scale your business – without wasting any time browsing.

The bidding system on the Aucto Marketplace is user-friendly and intuitive for bidders. Buy used industrial equipment on your own terms, with only a few clicks. You simply enter your bid, and if you are the highest bidder, you win the lot. You never have to guess what you’re paying as every bid you place will outline clearly the amount you are paying for the equipment as well as our buyer’s premium.

Aucto also provides a real-time view of all the bids placed. This allows you to see not only what you are bidding, but what others who are looking to buy the equipment are bidding as well. The goal is to make the bidding process extremely transparent for all our buyers.
Online Machinery Auctions

How Do I Start Buying in Machinery Auctions?

Provide your account details

Enter a few details such as your email, name, company, and password.

Verify your account

Add your payment information (don’t worry, you won’t be charged anything until you have won a bid).

Start bidding

Find and bid on industrial equipment and machinery listed on the Aucto Marketplace.

How Do I Start Bidding in Machinery Auctions?

Provide your account details

Enter a few details such as your email, name, company, and password

Verify your account

Add in your payment information (don’t worry, you won’t be charged anything until you have won a bid)

Start bidding

Find and bid on industrial equipment & machinery listed on the Aucto Marketplace.

Selling in Machinery Auctions

Why Should I Sell Equipment in a Machinery Auction?

Selling industrial equipment in a machinery auction can be an effective way for businesses to dispose of surplus or outdated machinery while maximizing their return on investment and reducing waste. Here are some reasons why a business might choose to sell their industrial equipment in a machinery auction:

Large Audience at a Machinery Auction

Access to a Larger Audience

Machinery auctions attract a wide range of potential buyers, including dealers, resellers, and end-users. This means that businesses have the opportunity to reach a larger audience than they would through a private sale, increasing the chances of finding a buyer and receiving a higher price.

Competitive Bidding​

Equipment Auctions create a sense of urgency and competition among buyers, which can drive up the price of the equipment being sold. As bidders compete to outbid one another, the final selling price of the equipment can be significantly higher than what the seller may have initially expected.
Competitive Bidding in a Machinery Auction
Quick Turnaround at Machinery Auction

Quick Turnaround Time

Machinery auctions typically have a set date and time for the sale, which means that businesses can quickly dispose of their surplus or outdated machinery. This can be particularly beneficial for businesses that need to clear out space or generate cash quickly.

Transparent Pricing

Auctions provide transparent pricing, as the final selling price is determined by competitive bidding. This can be beneficial for businesses that want to ensure they are receiving a fair price for their equipment, as they can be confident that the market value of the equipment is reflected in the final selling price.
Reduce Waste at Machinery Auction

Reduce Waste

When businesses resell their used and surplus industrial equipment through machinery auctions, they are reducing the amount of waste that would’ve otherwise ended up in landfills. This not only gives the machinery a chance to extend its useful life but is also great for the environment.

Overall, selling industrial equipment in a machinery auction can be a smart business decision for companies looking to dispose of surplus or outdated machinery while maximizing their return on investment. By accessing a larger audience, creating competitive bidding, enjoying a quick turnaround time, getting access to transparent pricing, and helping reduce waste, businesses can achieve their sales objectives in a straightforward and efficient manner.

What Types of Equipment are Sold in Machinery Auctions?

MRO &
Industrial Parts

The Aucto Marketplace has sold a massive selection of MRO & industrial parts including electrical equipment, motors, pumps, power transmission equipment, tools and much more.

Metalworking Machinery

The Aucto Marketplace has sold a large variety of metalworking machinery including lathes, milling machines, CNC machining centers, welding machines and much more.

Heavy
Equipment

The Aucto Marketplace has sold a large variety of heavy equipment including dozers, loaders, dump trucks, cranes, transportation trucks, excavators, backhoes, and much more.

Material Handling Equipment

The Aucto Marketplace has sold a large variety of material handling equipment including rolling carts, shelving, forklifts, reach trucks, pallet racking and much more.

Plant Support Equipment

The Aucto Marketplace has sold a large variety of plant support equipment including safety equipment, air compressors, balers, compactors, and much more.

Process
Equipment

The Aucto Marketplace has sold a large variety of process equipment including Tanks, mixers, strainers, piping, centrifuges, separators and much more.

Why Sell in a Machinery Auction on the Aucto Marketplace?

Aucto has an industry-standard, established process for machinery auctions. All you need to do is share the equipment list with our team and let Aucto steer the process from there. You can choose to be as involved as you want or leave it up to us to help you oversee the entire process. It’s that simple.

 

Full Control Over the Process

Aucto Marketplace, a web-based industrial auction platform, makes it extremely easy for you to be in control of all your assets. You get access to real-time reporting, which details the progress of your auction, and visibility into the bids coming in. You can steer the auction according to your own terms based on the information and insights available to you through the platform.

High Net Recovery Rate

Aucto facilitates efficient equipment auctions for the benefit of the sellers – our Asset Recovery team works tirelessly to get you the asking price or a recovery as close to it as possible. You get to sell used equipment and retain 100% of the price of the asset sold. There are no fees or commissions to sell on the Aucto Marketplace. Aucto also has an average of 94% sell-through rate for added assurance.

Centralized Marketplace

Unlike other equipment auction platforms, the Aucto Marketplace is your one-stop shop for all your industrial equipment and machinery. The Aucto Marketplace has over 10,000 unique product categories, allowing you to sell everything from a few spare parts left in your storage facilities to heavy equipment and installed equipment from the world’s largest plants.

How Do I Start Selling Industrial Equipment on the Aucto Marketplace?

The process begins with a quick chat with one of our Asset Recovery Experts to understand your needs. Then they can start setting up your online machinery auction to sell industrial equipment.

Ready to host your own machinery auction? Click the button below to speak with one of our asset recovery experts.