3 Tips To Prep Your Equipment, Trucks & Trailers For End-Of-Year Auctions
December is one of the most active times of the year for equipment auctions as buyers and sellers alike seek to add inventory, close out their books, and get ready to take advantage of the section 179 tax deduction on equipment and vehicle purchases. Even if an auctioneer is handling your sale for you, there’s plenty you can do to ensure your equipment, trucks, or trailers stand out for strong sales results before the end of the year. Here are three steps you can take to make the most of December auctions.
1. Know The Market
Timing is everything in sales. Sell at the wrong time and profit margins diminish. Knowing the latest market happenings will help you know when the time is right. Check the real-time market and auction values for your equipment, trucks, and trailers on Sandhills Global’s Value Insight Portal (VIP) and see how similar assets have recently fared by viewing auction results on AuctionValues.com.
Ask your representative about December sales or Pre-AuctionTime opportunities, and list early for maximum exposure ahead of auction day.
2. Gather Important Asset Info
Details add value. The more a buyer knows about an asset, the more likely they are to continue bidding. Buyers appreciate honesty. Disclose and document any known issues before the auction. Transparency builds trust, ensures competitive bidding, and reduces follow-up delays post-sale.
Prepare all necessary paperwork, including maintenance logs, manuals, titles, and any spare keys or attachments, and give them to the auctioneer for the hand-off after the sale. This will simplify the process and give the buyer peace of mind.
3. Prep For Photos
Show your machines and vehicles in the best light. Clean them up and ensure they are in good working order. Every asset looks better in photos and videos if it is clean and operational. It also communicates to buyers that it has been well-cared for, will perform well, and will be a good investment.
After you’ve primed the asset, move it to a photo-ready location. Presentation matters. Equipment buried in the back of a dark shed or surrounded by overgrown weeds doesn’t signal well-maintained. Use a clean, well-lit space away from other trucks or equipment to let the asset shine. Better photos will attract more bidders, especially for online auctions where bidders are much less likely to see the asset in person before the sale.
Enjoy Stress-Free Auctions With AuctionTime
Clean it, prep it, and time it right. Once you’ve settled on an auction date, gathered any paperwork and accessories, and performed any needed cleaning and maintenance, your AuctionTime auctioneer will take it from there.
Consign Equipment Today
When you consign equipment with an AuctionTime auctioneer, everything is handled for you. Auctioneers obtain an accurate, real-time valuation for the asset. Then, they create a plan with you, determining the auction date, marketing, and the terms of the sale.
Read about our auction solutions and get ready to sell in the biggest auctions of the year!