NEWS Construction equipment sales strong in July


Sales of construction and earthmoving equipment remained strong throughout July and were 31% above the levels seen in the same month last year, so says a report from Systematics International Ltd, which was produced in conjunction with the Construction Equipment Association (CEA). Diving into the detail, sales for the first seven


months of 2021 were 66% up on 2020 levels, reaching over 22,000 units. Better still, they even remain ahead of 2019 levels, illustrating the strength of the market in spite of ongoing concerns about supply chains for components and parts. Telehandlers in construction saw the largest


growth, with sales more than doubling year-on-year. Road rollers also sold well, at twice last year’s levels. Surprisingly, the sales of mini/midi excavators up to 10 tonnes were relatively disappointing, with the growth rate slowing to 49% after being the fastest growing product last year. On a regional basis, sales were strongest in


Scotland and the North West of England, at more than double last year’s levels. In contrast, weaker sales are still being experienced in the West Midlands and Wales, at 28% to 35% above last year’s levels. Sales in the Republic of Ireland are also recorded, showing the rate of growth easing back in July at only 7% above 2020 levels.


However, sales in the first seven months of 2021 are still 50% above the same period last year. The Systematics report is produced quarterly, so keep an eye out


for an update shortly. www.thecea.org.uk


Thinking of selling or buying a hire business? … talk to the specialists


With the sale of Surrey Hire and Sale to Hire Pro (UK), we have completed our sixth successful transaction. And, with five new clients on the books and over thirty interested buyers, we seem to be getting it right.


It could be because we only sell hire companies and with many years hire industry experience, we really do understand the market and how to sell a business.


It might also be that our mission is to optimise value for the seller and make the process more efficient but we also help the buyer, because we know what they want and what information they need to make a decision.


Or perhaps it’s because we ensure that sellers are properly prepared with a compelling business case and that we find exactly the right buyer, for whom the ‘strategic fit’ represents real value, so the deal gets done?


Whatever it is, it’s definitely working. So, if you are thinking of selling or acquiring a hire business talk to the specialists, we would love to hear from you.


6


x businesses sold in 2020/21


New website thehireexchange.co.uk


Call Chris Harvey or David Graham on 03303 230643. And visit our new website www.thehireexchange.co.uk


September 2021 - Executive Hire News 3


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