Thursday, February 03, 2011

Accurate Auto Carriers Equipment Auction... big response!

Hilco Industrial Auction Exceeds Target by 25% In Sale Of Accurate Auto Carriers Inventory
Hilco Industrial, LLC, and joint venture partner, Maynards Industries, Ltd., announced the successful auction sale of 148 trucks, trailers and auto carriers on behalf of the bankruptcy estate and creditors of Romulus, Michigan-based Accurate Auto Carriers, LLC. The webcast auction, which attracted an international gathering of more than 400 online and on-site bidders, lasted two hours and generated revenues approximately 25% greater than anticipated.  Click on the link above for the complete article at Times Colonist
I talked to one salesman who bought some units at this auction.  He confirmed what they're saying in this article.  He said 2007 daycab strap units were going for $160,000; chain units for $120,000.  High price probably a function of the lack of daycabs on the market right now.  He said it looked to him like Hansen & Adkins were buying quite a bunch, and Waggoners were bidding them up, too.