Postivite outlook for Spanish auction

214 Euro Auctions reports strong pre-auction registrations for its sale at Valencia in Spain on 30th September. The firm is also increasing its team in Spain with the appointment of two additional staff. The Valencia auction will see good representation across all makes and ranges of equipment, including excavators in the 20tonne, 10tonne and mini categories, as well as selections of dumpers, telehandlers, compactors and forklifts. Since December 2010, when Euro Auctions established its first permanent auction site in Valencia, sales results have continued to surpass previous records. Internet activity has increased along with the number of registered bidders. The firm claims that Spain has readily adopted the American style plant and machinery auction and Valencia now provides Euro Auctions with a strong export platform for machinery bound for North Africa and the Middle East. Due to the economic down turn across Europe, Spain and Portugal offer opportunities for both stock acquisition and future plant sales.