Supply Chain Shortages Drive EOFY Auctions

Supply chain shortages on heavy machinery and transport equipment have driven demand for end of financial year auctions through the roof as businesses struggle to get their hands on assets to complete projects.

Supply chain shortages are hindering global vehicle and equipment production and is expected to persist through 2022 and into early 2023 until supply can catch up with demand.

Lloyds Auctions are seeing a rise for demand in their auctions which is driving up prices on equipment in the civil and transport industries.

“Over recent months we have seen a massive demand from our bidders who are constantly actively looking to secure ready to work equipment in order to complete major projects and keep hard working Australians in jobs,” said Mr. Lee Hames, Chief Operations Officer for Lloyds Auctions.

“As we come towards end of financial year the demand for this equipment is skyrocketing as businesses are looking to claim tax benefits before June 30, so we have actually enlisted 5 heavy equipment and transport auctions across the country online right now,” continued Mr. Hames.

“Many businesses are unable to wait until early next year for equipment to come in, they need it now, and we hope through these auctions we can help the community get the equipment they need,” said Mr. Hames.

Lloyds are holding online auctions in locations across the nation including Western Australia, Darwin, Southeast Queensland, Mackay and Northern New South Wales from the 27th – 29th June.

The auctions feature equipment including dump trucks, wheel loaders, tipper trucks, prime movers, excavators, utility vehicles and more.

“Bidders can expect to get their hands on some ready to work machinery and transport equipment that they normally wouldn’t be able to get until next year due to the currently supply chain shortage around the world,” continued Mr. Hames.

The auctions run from the 27th-29th June and you can view all of the auctions here or visit www.lloydsauctions.com.au for more information.

Scott Webber

Head Of Valuations

Accredited Senior Appraiser

Licensed Auctioneer

Qualifications & Affiliations

American Society of Appraisers (ASA)

Profile

Scott Webber is one of the founding partners at Lloyds and has worked for the company from its inception in 2004. In that time Scott has been a Licensed Auctioneer and Qualified ASA Valuer. Prior to Lloyds, Scott was a Farm Manager at Cubbie Station in Queensland, he has an earthmoving and agricultural background.

Scott is heavily involved in daily valuations. He acts for a wide range of clients and vendors including Insurance companies, Financiers, Insolvency Practitioners, Government branches, Joint Ventures and Alliances, large companies, and private individuals. Scott personally co-signs and oversees every valuation report completed by Lloyds. On average the Lloyds valuations department conducts over 500 appraisals per financial year.

Scott has managed many auctions and private sales, previously completing an approximate average of 400-800 traditional auction lots per week. Given that the Lloyds system is now online, traditional auctions are very minimal and are completed in a simulcast method, to comply with contracts we have with major government departments. Although Scott’s focus is currently Valuations, he still oversees and runs auctions weekly on a wide variety of assets from motor vehicles to very specialised process lines.

Scott offers a wealth of experience as an Auctioneer and Valuer in all aspects of Valuations and Asset Disposals.

Having headed disposal programs for Major Infrastructure Alliances, Joint Venture partnerships and Government projects throughout Australia, Scott has a wide range of experience in the Civil Construction, Earthmoving, Manufacturing and Agricultural sectors offering a “turn key” service from start to finish.

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