{"id":30944,"date":"2024-02-16T14:20:31","date_gmt":"2024-02-16T04:20:31","guid":{"rendered":"https:\/\/www.machines4u.com.au\/mag\/?p=30944"},"modified":"2024-02-16T14:20:32","modified_gmt":"2024-02-16T04:20:32","slug":"manheim-industrial","status":"publish","type":"post","link":"https:\/\/www.machines4u.com.au\/mag\/manheim-industrial\/","title":{"rendered":"Manheim Industrial Takes on the Mining Industry Through Strategic Alliance with Lennon Heavy Equipment"},"content":{"rendered":"\n<p style=\"font-size: 12px;\">Presented by: <a href=\"https:\/\/www.machines4u.com.au\/directory\/Manheim-Australia\/1555\/\">Manheim Australia<\/a>.<\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Manheim Industrial is an Australian leader in industrial auction services with operations in <\/span>major global markets.<span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Lennon Heavy Equipment has specialised in mining equipment sales for more than 50 years.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Our team of experienced professionals are well-placed to maximise return for your assets.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The next national mining equipment auction starts March 20.<\/span><\/li>\n<\/ul>\n<p>Manheim Industrial is set to run its next national mining equipment auction during March this year, <span style=\"font-weight: 400;\">in partnership with Lennon Heavy Equipment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Manheim\u2019s multi-vendor online mining auction will take place between March 20-26 with extensive <\/span><span style=\"font-weight: 400;\">investment in marketing to both domestic and international buyers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With Lennon\u2019s 50 years of servicing the mining industry and Manheim\u2019s international scale, it\u2019s a <\/span><span style=\"font-weight: 400;\">dynamic pairing that offers a bespoke solution for the disposal and procurement of mining assets.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s the second mining equipment auction Manheim has run in partnership with Lennon, following <\/span><span style=\"font-weight: 400;\">the December 2023 event that saw bulldozers, motor graders, excavators, and wheel loaders <\/span><span style=\"font-weight: 400;\">exchange from mine sites directly to end users.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The December event took 457 bids from buyers in Australia, China and Canada, with equipment <\/span><span style=\"font-weight: 400;\">selling on average 31% over the reserve, featuring brands such as Caterpillar, Komatsu and Hitachi.\u00a0\u00a0<\/span><\/p>\n<figure id=\"attachment_30946\" aria-describedby=\"caption-attachment-30946\" style=\"width: 800px\" class=\"wp-caption alignnone\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-30946 size-large\" src=\"https:\/\/magmedia.machines4u.com.au\/wp-content\/uploads\/2024\/02\/16135753\/manheim-1-1024x768.jpg\" alt=\"\" width=\"800\" height=\"600\" srcset=\"https:\/\/magmedia.machines4u.com.au\/wp-content\/uploads\/2024\/02\/16135753\/manheim-1-1024x768.jpg 1024w, https:\/\/magmedia.machines4u.com.au\/wp-content\/uploads\/2024\/02\/16135753\/manheim-1-300x225.jpg 300w, https:\/\/magmedia.machines4u.com.au\/wp-content\/uploads\/2024\/02\/16135753\/manheim-1-768x576.jpg 768w, https:\/\/magmedia.machines4u.com.au\/wp-content\/uploads\/2024\/02\/16135753\/manheim-1-1536x1152.jpg 1536w, https:\/\/magmedia.machines4u.com.au\/wp-content\/uploads\/2024\/02\/16135753\/manheim-1-2048x1536.jpg 2048w, https:\/\/magmedia.machines4u.com.au\/wp-content\/uploads\/2024\/02\/16135753\/manheim-1-440x330.jpg 440w, https:\/\/magmedia.machines4u.com.au\/wp-content\/uploads\/2024\/02\/16135753\/manheim-1-240x180.jpg 240w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><figcaption id=\"caption-attachment-30946\" class=\"wp-caption-text\">A variety of Bulldozers at a select Manheim &amp; Lennons auction. Source: Supplied.<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">\u201cWe\u2019re excited to now offer multiple disposal strategies to our clients by providing auctions in <\/span><span style=\"font-weight: 400;\">partnership with Manheim,\u201d said Matt Lennon, from Lennon Heavy Equipment.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cContinuing on from the first successful sale, we look forward to what the future holds for auctions in <\/span><span style=\"font-weight: 400;\">the Mining Industry.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Manheim Industrial and Lennon Heavy Equipment auction offers a unique service by creating a <\/span><span style=\"font-weight: 400;\">major consignment sale for all mines to congregate in a one-stop reserved auction.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIt represents a tremendous opportunity for vendors to move on equipment and offers buyers an <\/span><span style=\"font-weight: 400;\">abundance of heavy machinery to choose for their next contract,\u201d according to Manheim Senior <\/span><span style=\"font-weight: 400;\">Valuer Jack Bookham.\u00a0<\/span><span style=\"font-weight: 400;\"><br \/><\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cManheim and Lennon offer a new auction solution to an industry that has been highly <\/span><span style=\"font-weight: 400;\">under serviced over the last decade.\u00a0 <\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cMoving forward we intend to be the go-to in valuing, remarketing and offering tailored liquidity <\/span><span style=\"font-weight: 400;\">solutions specific to mining equipment for both operators and lenders.\u201d <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Mr Bookham also noted that there has rarely been a more important time for liquidity in the mining <\/span><span style=\"font-weight: 400;\">equipment resale business, given escalating prices of equipment. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cHigh demand due to skyrocketing commodity prices, shortages from production, delayed supply<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\">chains and costly biosecurity requirements at Australia\u2019s ports are all pushing up prices and limiting<\/span><span style=\"font-weight: 400;\">\u00a0choice\u201d Mr Bookham said. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cGood quality used equipment is increasingly hard to find right now, so having a regular centralised<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\">national auction event in partnership with a company like Lennon has arguably never been more<\/span><span style=\"font-weight: 400;\">\u00a0needed.\u201d\u00a0<\/span><\/p>\n<p><b>About Manheim:\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Manheim is one of the world\u2019s biggest auction companies, and in Australia is a leader in automotive,<\/span><span style=\"font-weight: 400;\">\u00a0trucking and agricultural machinery wholesale and salvage.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Manheim is part of Cox Automotive, a global automotive services company headquartered in Atlanta <\/span><span style=\"font-weight: 400;\">with a market presence in the US, UK, Europe, Australia, New Zealand &amp; Brazil.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our global parent is a privately owned company employing 50,000 people and generating $22B (USD)<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\">of revenue annually.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Presented by: Manheim Australia. Manheim Industrial is an Australian leader in industrial auction services with operations in major global markets.\u00a0 Lennon Heavy Equipment has specialised in mining equipment sales for more than 50 years. Our team of experienced professionals are well-placed to maximise return for your assets. The next national mining equipment auction starts March [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":30945,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7843],"tags":[488],"yst_prominent_words":[],"class_list":["post-30944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mining","tag-mining"],"_links":{"self":[{"href":"https:\/\/www.machines4u.com.au\/mag\/wp-json\/wp\/v2\/posts\/30944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.machines4u.com.au\/mag\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.machines4u.com.au\/mag\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.machines4u.com.au\/mag\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/www.machines4u.com.au\/mag\/wp-json\/wp\/v2\/comments?post=30944"}],"version-history":[{"count":4,"href":"https:\/\/www.machines4u.com.au\/mag\/wp-json\/wp\/v2\/posts\/30944\/revisions"}],"predecessor-version":[{"id":30951,"href":"https:\/\/www.machines4u.com.au\/mag\/wp-json\/wp\/v2\/posts\/30944\/revisions\/30951"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.machines4u.com.au\/mag\/wp-json\/wp\/v2\/media\/30945"}],"wp:attachment":[{"href":"https:\/\/www.machines4u.com.au\/mag\/wp-json\/wp\/v2\/media?parent=30944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.machines4u.com.au\/mag\/wp-json\/wp\/v2\/categories?post=30944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.machines4u.com.au\/mag\/wp-json\/wp\/v2\/tags?post=30944"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.machines4u.com.au\/mag\/wp-json\/wp\/v2\/yst_prominent_words?post=30944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}