JSSR Auction Summary: MAY 2016

Number of auction items and participants increased this month even though the overall economy has not fully recovered yet.This month auction price remained stable as compared to the previous month. This may be because the price had passed its lowest point and influenced by the result of agricultural product price that showing signs of increment. This reflects some recovery from the low confidence index in the past few months. Government authorities are pushing many projects to get started but there are still some delays.

Sellers and buyers proportion continue to increase from countries such as Australia, China, Taiwan, Singapore, Philippine, Malaysia, Myanmar, Cambodia and Laos. The proportion of local sellers and buyers are expanding into the areas of Finance, Manufacturing, Wholesale and Distributing.

May auction result as compared to Aprils’

Excavators of different sizes – Price is stable

Forklifts – Price adjusted down for 4-10tons

Wheel Loaders of different sizes – Price decreased for the 5th consecutive month

Farming tractors and Agricultural tools – Price continues to decline but expected to improve soon as it is approaching rainy season.

Cranes of different sizes – Price decreased significantly and may continue to decrease in the 2nd half of the year if there’s delay in infrastructure projects and other mega projects.

Civil work equipment – Price shows no significant change such as rollers, new model excavators and labor-saving equipments. Still showing good demands are diesel engines and equipment such as generators, air compressors, welders, man lifts, concrete mixers, water tanks, and truck mounted cranes, etc. Price shows no significant change, except, Cabins.  Prices decreased for Trucks in general.

 

Our company is still confident in the Government determination to solve the economy problems which is slowly showing signs of improvement.

(This analysis is for JSSR Auction results only and may differ from the general market)
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