As we enter the last quarter of 2024, the equipment market is experiencing its usual seasonal rush, with December gearing up to be a particularly busy month. Numerous auctions are lined up before year-end, setting the stage for significant sales activity in the weeks ahead. This year, we’ve seen some ups and downs, particularly in sawmill equipment, while demand for good rolling stock and picker trucks continues to hold strong.
Kropf Brothers Logging & Lumber Auction Recap
The Kropf Brothers Logging & Lumber Auction largely met expectations. However, as anticipated, the sawmill equipment struggled due to the current sideways market. Larger systems such as the Cleereman sawmill system sold for $35,000 and the 2018 gang saw edger combo fetched $47,500, reflecting a stable demand for newer machinery.
Rolling stock, on the other hand, saw positive outcomes. The 2015 Peterbilt log truck surpassed expectations, leading the auction with an impressive $170,000. As Eugene Hochstetler observed, “Quality, late-model picker trucks like this one remain in high demand,” emphasizing a continued appetite for well-maintained trucks in today’s market.
The HK Logging auction in Middlefield OH that was scheduled for September 26 has been postponed to January 25, 2025. Mark your calendars and plan to attend!
Lake Erie Auction
The Lake Erie Auction saw a welcomed boost in buyer enthusiasm, with Eugene noting an uptick in participation. As we head into the final quarter, this renewed energy is a promising sign for upcoming auctions. Noteworthy results included a 4020 John Deere tractor, which sold for $14,000, and the lifts, which also performed well.
These auctions indicate that while certain sectors, such as sawmill equipment, are experiencing stagnation, there’s an underlying strength in areas like rolling stock, heavy equipment, and late-model trucks. This sector-specific demand highlights the evolving dynamics of the market as we approach year-end.
Upcoming Auctions to Watch
Backwoods Lumber – November 22, Montgomery, PA
Samuel J Fisher is downsizing operations, with key highlights including the Cleereman sawmill, wheel loaders, and a Cornell edger. This auction will feature a mix of sawmill and farm equipment, offering something for a wide range of buyers.
Lancaster County Equipment Auction – December 13, Holtwood, PA
Our team is excited about building this equipment auction in Lancaster County, hosted on the grounds of the Rawlinsville Volunteer Fire Department. We are actively seeking consignments. Daniel Stoltzfus, our local specialist, can be reached at (717) 406-9611.
Tri-State Veneer & Lumber – December 20, Millersburg, OH
This is a complete sawmill liquidation and excess equipment auction for Tri-State. (They aren’t going out of business, though). We are actively seeking consignments to add to this auction. As we gear up for year-end, consigning early is the key to maximizing exposure. Call Myron Nissley, Jonathon Miller, or Eugene Hochstetler to consign.
Paul Bunyan Show – A Glimpse into Industry Innovation
The Paul Bunyan Show, held from October 4-6 in Old Washington, OH, attracted thousands of visitors, showcasing the latest in equipment and machinery. Our team attended and witnessed impressive demonstrations, including whole-tree chippers capable of processing entire trees in one go. We also got to meet past customers, which is always a joy. Events like these provide a window into future industry innovations, as well as networking opportunities for both buyers and sellers.
