Our experienced team provide market insights and news on the Asset Advisory and Auction industry.

Second Quarter Report of 2021

Posted 09 September 2021

Another quarter of COVID, lockdowns, and markets continuing to fight any downturn.  Booming truck and car sales can only be hindered by production issues due to the semiconductor shortages. Take a look at what made this quarter’s highlights across all our sectors:

  • The new road transport market has been disrupted in the second quarter due to global parts shortages and delivery delays caused predominantly by factory closures in Asia and China
  • Caterpillar sales in Asia / Pacific are up 19% for resources and 8% for construction on the same period last year
  • Australian agriculture is in very good shape with seasonal conditions and strong commodity prices driving the market
  • May saw 100,809 new vehicles which is the second-best May result on record
  • Aviation has had a standout quarter with auction achieving 100% clearance of all 38 aircraft, parts, tools, IT, and administration items
  • Classic and collectible cars have become a dominant feature in many recent sales, gaining significant media attention
  • Within Q2, 16 Coaches were presented to auction as part of a Major Liquidation, buyer participation and enquiries were strong throughout the sale campaign.

See the full report here: