JSSR Auction Summary: March 2015

March Auction
Consignors: 119
Registered Bidders: 420
Successful Bidders: 158

March auction results show similar prices to February auction results and Mini-Parade auction results (Early of March) in general. The increased number of machines this month reflects the continuous demands in the market. This is partly due to the acceleration of budget disbursement by the government sector and the increase confidence from the private sector.

Machines with prices moving up are in the category of Excavators, Bulldozers, Rollers, Wheel Loaders and Motor Graders, especially units with newer manufactured year and in good ready-to –work condition.  Prices for Forklifts and some Wheel Loaders show no significant change, as well as, prices for miscellaneous items.

March auction results as compared to February auction’s

1-4 Tons excavators’ prices remain similar to previous months for units that are in good ready-to-work condition. Prices dropped for units in so-so condition and/or need maintenance.

5-12 Tons excavators’ prices increase 5-10% for units in good ready-to-work condition, especially the units that are 7-8 Tons. No significant change in prices for units in so-so condition and/or need maintenance.

20 Tons excavators’ prices remain similar to previous months for units that are in good ready-to-work condition. Prices went down by about 5-10% for units that are in so-so condition and/or need maintenance.

Farm Tractors’ prices show no significant change. However, some models, newly entering the market, have shown to receive good response from the consumers.

Wheel Loaders’ prices are shown to adjust up and down according to the bucket size as follows;
– 1 m³ prices slightly declined due to machine condition
– 2 m³ prices increased more than 10% especially the unit with clamp as attachment.
– More than 2 m³, prices increased more than 15-20% for units that are in good and ready-to-work condition.

Forklifts prices increased 5-10% for 3 Tons and up, especially the units with high mast and long forks. As for 1-2.5 Tons, both by fuels and battery type, prices showed no significant change.

Civil work equipment prices increased 10-15% for Rollers, Bulldozers and Graders.
Reflecting the demand from construction and re-building projects across the country.

Our company is still confident in the investment from government projects to be the main driven support to improve the economy.

[This analysis is for JSSR Auction results only which may differ from the general market]