Think about the platforms you sell or buy on. How much do you know about their current sales trends right now? Based on feedback from our users and our own experiences, we know that most of you probably wish you knew more about buying habits. That’s because the more you know, the more effectively you can manage your business. Knowledge is power and for both sellers and buyers, keeping up with current trends can mean more sales or better deals.
Read on to learn about our top-three items sold in March:
If purchased new, current, comparable Advance Condor XL models and cleaning machines cost between $44,000 to $52,000 USD. While still in working condition, this machine sold for $3,500 which is substantial in terms of savings. This sale is testament to the potential savings when purchasing used.
On auction day, this General Electric motor sold for $3,200. Comparable models sell for $5,500 to $8,250. Purchasing through Aucto provided the buyer a savings of up to 52 per cent. Sellers should use this information to make informed and realistic projections concerning the amount of asset they can recover from used and surplus equipment.
The highest bid on this used centrifugal pump was $3,000. If purchased new, it would cost approximately $7,500. If purchased used from a reseller, it would cost roughly $5,500. In this case, purchasing on Aucto resulted in savings of up to 60 per cent.
In May, we’ll provide more of Aucto’s insights by giving you a list of April’s top selling items. And don't forget, when you create a free account, you can access auction results and a number of reporting features to make better, more informed business decisions.