Auction house ready for great year

A well-attended final truck and trailer auction also contributed to the company’s successful year-end closure.

That’s the news from PVA’s LeRoy Augustyn who explains that PVA’s truck and trailer holding grounds were “bursting at the seams” with stock sent by banks and liquidators alike seeking to clear their books before 2013 came to a close.

“It was a surprisingly good year for the new and used truck industry overall,” says Augustyn. “Demand for quality trucks, trailers, yellow metal and earth moving equipment remained fairly strong throughout last year. Whether or not this year will prove just as successful depends on how certain socio-economic factors play out.”

Interestingly, he said many buyers are now purchasing with a view to lease as more companies and individuals are opting to rent trucks and equipment over purchasing which has opened up the buy-to-let market considerably.

Overall, Augustyn says that interest and attendance at PVA’s auctions is increasing and that a number of prospects are shaping up well despite the fact that the financial institutions are accommodating debtors more than they did in the past.

“PVA is fortunate in that the company enjoys a fairly steady stream of business stemming from genuine bank repossessions.”