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Competition boost for auction prices

29th March 2001, Page 54
29th March 2001
Page 54
Page 54, 29th March 2001 — Competition boost for auction prices
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Which of the following most accurately describes the problem?

• Business is still steaming ahead at Commercial Vehicle Auctions (CVA), according to managing director Chris Wright.

"We've had in excess of zoo entries for the last three sales we've held, and if it goes on like this we're going to have to buy some more land," he says.

"It's unbelievable. There was a

1983 Seadyke 55yd3 (42m3) triaxle tipper trailer on steel suspension at our last sale, and bidders were practically fighting over it," he reports. "It eventually', went for f5,5oo, and the owner would have happily taken £2,500."

In that sale 76% of the entry was sold, with 1997 R-registered Iveco Ford Cargo 75E15 7.5-tonners mak ing in excess of the CAP "clean" price, he says: "1996 P-registered Scania R113 360hp 02 tractors were fetching goo to /r9oo more than CAP clean. A 36 ohp Rtz.q. 4x2, 1997 on a P-plate, made £2,000 more."

Two 25,000-litre tankers—one dating back to 1973, one going back to 1976—made f4,750 and £4,800 respectively; they are likely to be exported. "A 1987 13.6m curtainsider sold for £9,250, and you can get a new one for Lt5,000," says Wright.

"Everybody is preaching doom and gloom, yet they are all turning up and bidding."

In a bid to deter the spread of foot and mouth CVA put down disinfected mats, and they were continually wetted with more disinfectant in the course of the day.

"We had one or two people ringing from Ireland to ask us what precautions we were taking," says Wright. "Some auctions apparently haven't bothered."

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