Selling a Crane at Auction hydraulic truck cranes.
“ As interest rates remain high, and the price of new cranes continues to rise, a growing number of crane operators and users continue to strongly support the used crane market,” Carr said.“ Currently, we believe this trend will continue into 2025.”
When sellers are choosing an auction company to remarket their cranes and ancillary equipment, there are several options that they should keep in mind, Carr noted. For example, Jeff Martin Auctioneers has a“ Buy Now” page for buyers who need equipment immediately.
“ We have also developed the Virtual Crane Auction,” Carr said.“ It can cost from $ 10,000 to $ 60,000 to move certain cranes to an auction site. Alternatively, we have a team of evaluators who go to the seller’ s facility to inspect and take video to show the condition of each crane. This approach has proven to be very effective. In fact, 99 % of our crane sales are now virtual.”
“ Cranes, platform trailers and rigging equipment are very expensive,” Carr said.“ When it is time to sell or update your cranes you are expecting a fair price or maximum value. An auction company with a dedicated division that solely focuses on cranes is one that is invested in the industry and one that can help you achieve the best results.”
Jeff Martin Auctioneers, Inc., based in Brooklyn, Mississippi has permanent auction facilities in 10 states, and conducts virtual and onsite auctions at customer locations, which includes a dedicated crane division that benefits customers in the lifting industry.
Above: Virtual Crane Auctions developed by Jeff Martin Auctioneers are proving very effective for sellers and buyers.
Below: In the current used crane market, Jeff Martin Auctioneers is seeing buyers aggressively searching for late model all-terrain, rough terrain, crawler and hydraulic truck cranes.
www. cranehotline. com • September 2024 CRANE HOT LINE ® 33