News - Jeff Martin Auctioneers, Inc.

news

Jeff Martin Auctioneers attends ConExpo 2023

Jeff Martin Auctioneers attends ConExpo 2023

Attending ConExpo-Con/Agg, North America's largest construction trade show, is an absolute must if you're in the construction industry. Jeff Martin Auctioneers was well represented by owners Jeff & Kellie Martin, National Sales Director Glenn Driskell, and the regional sales management team. Held every three years in Las Vegas, Nevada, ConExpo is an excellent opportunity to see the latest and greatest construction technology, products, and equipment. Jeff Martin Auctioneers had a booth and joined over 2,800 exhibitors in offering equipment, technology, and service to this critical industry. There was something to see for everyone interested in building, maintaining, repairing, and feeding the world! The Jeff Martin Auctioneers team took the opportunity to connect with others in the construction business and remain up-to-date and competitive. One of the biggest takeaways for the sales team was the industry focus on autonomous or remote control technology, electric-powered machines, and Grade Control Technology. Jeff Martin Auctioneers is preparing to be a leader in the secondary market for this technology as it enters the auction channel. The sales and operations teams are preparing to help companies and individuals maximize their value on this next generation of equipment that will cross the auction block in the coming years. A benefit of attending ConExpo is the chance to network with industry professionals worldwide. Jeff Martin Auctioneers had the opportunity to meet with vendors, participate in educational sessions, and connect with peers in the construction industry. You never know who you might meet, and many of those connections will lead to an even better equipment offering for our nationwide community of bidders and buyers. Did we miss you at ConExpo 2023? Reach out and connect with us today. Our sales team would like to discuss any equipment you want to buy or sell. CONTACT US Read More

Why California Truckers Need to Sell Their Pre-2010 Trucks, Now.

Why California Truckers Need to Sell Their Pre-2010 Trucks, Now.

Why California Truckers Need to Sell Their Pre-2010 Trucks, Now.   WHAT’S HAPPENED The California Air Resources Board (CARB) has implemented new emissions regulations for vehicles in California, and most older trucks will not meet the new standards.  This means many on-road commercial trucks will need to be sold and those funds will be applied to newer, California-compliant units. _________________________________ Commercial trucks and buses manufactured before 2010 are now illegal to operate in California, with few exceptions.  Enforcement is being conducted by routine DOT inspections and most recently through the vehicle’s registration.  Trucks not meeting the conditions set forth by CARB will not be allowed to register in the State, effective immediately.  The rule applies to diesel vehicles that weigh at least 14,000 pounds. CARB has stated there are approximately 200,000 vehicles that have yet to comply with the rule. Truck lobbying groups estimate that roughly 70,000 are Class 8 trucks or about 10% of the commercial motor vehicles operating in the state. Removing these trucks from service now and selling them quickly is likely the very best advice.  Right now, buyer demand is still strong, but likely fleeting in the coming months. Market pricing for trucks has flattened through 2022 and is predicted to continually depreciate into 2023.  The urgency to sell these assets now vs. later can mean the difference in thousands of dollars.   However, trading in or selling these older trucks on your own can be frustrating, often costing the seller in real dollars and lost time.  SELLING YOUR USED TRUCK Dealers usually only offer a minimal amount on any trade – especially a truck that is out of compliance to the the largest economy in the US.  Worse, they may offer over the market value on a trade, then add that back to your loan drowning the new truck’s equity underwater before you even leave the dealership. Self-selling your truck using an online marketplace (Facebook, TruckPaper, Craigslist, etc.) is equally challenging and time-consuming.  Waiting weeks or months for offers, then unserious buyers and tire kickers trying to haggle down any price you’ve set.   Then you must deal with title transfers and collecting payment.   Lastly, you can be left dealing with the buyer post-sale if there’s any issue with the truck or its documentation (mechanical, lost title, back taxes on registration, etc.).   WHY USE AN AUCTION TO SELL YOUR TRUCK Auctions offer significant advantages over dealer trades and self-selling and is often the best financial solution.  The trucking industry has a long and very successful history with auctions by reaching qualified and serious buyers quickly.  The simple process is one of the most effective ways to sell commercial trucks - especially for the older trucks now being outlawed by CARB.  Auction buyers are competing up from the last bid and not haggling you down from a set price – delivering more money in your pocket. -Auctions reach a much wider market and serious buyers, delivering true market value. Auctions are prized for their ability to attract large numbers of qualified buyers and generate competitive bidding.   Dealers, brokers, and end-users all compete at auctions, driving up each other’s bids and providing more money to the Owner.  The shear market reach of most auctions dwarfs any online listing service.  Good auction houses reach thousands of potential buyers through their advertising and outreach. -Auctions provide cash, quickly. List and try to sell your truck online, and you’re not certain when or if your truck will sell. Auctions are different.  They sell the unit, collect the payment, and deliver your money all within a defined timeframe.  A reputable auction house will provide this timeline clearly and may even offer a process guaranteeing you a certain amount while providing additional money back to you should the truck sell for more than expected.   -They deal with any post-sale issues. The auction house will complete the sale, deliver the title, and collect the payment.  They can also address any questions or issues from the buyer, keeping you separate from the transaction.  No calls for you to deal with months later for a lost title, a misplaced bill of sale, or a mechanical issue. -Good auction houses employ subject matter experts. The best auction companies employ truck professionals with expertise in current market trends, pricing, and marketing.  They take the time and effort to determine the best market for your truck and advertise to qualified customers in these regions – all in an effort to deliver the strongest price come auction day.  They can also provide guidance on expected returns as well as what recondition may be needed to achieve the best price at auction.  In closing, auctions can provide Owners a very effective and worthwhile way to liquidate their non-compliant California trucks.  The trucking industry’s successful history using auctions coupled with (still strong) buyers’ enthusiasm and a simple process that converts trucks to cash quickly make selling by auction is one of the best options for truck owners impacted by California’s new restrictions.      Don Nash is a National Representative for Jeff Martin Auctioneers .  He has worked in the truck remarketing and auction industry since 2010. _________________________________ LINKS for more information on CARBs policy below The Truckstop – Official California Truck Information https://ww2.arb.ca.gov/sites/default/files/truckstop/truckstop.html Truck and Bus Regulation – California Air Resources Board https://ww2.arb.ca.gov/our-work/programs/truck-and-bus-regulation/about (Enforcement) CARB deploys ‘Dirty Truck Detector’ along popular Ontario truck route https://ww2.arb.ca.gov/news/carb-deploys-dirty-truck-detector-along-popular-ontario-truck-route-1 California's ban on around 70,000 vehicles takes effect this week” https://www.sfgate.com/politics/article/california-ban-on-70000-vehicles-17694178.php “Environmental Developments to Watch in California in 2023” https://www.natlawreview.com/article/environmental-developments-to-watch-california-2023 “News: California’s Commercial Diesel Truck Restriction Is In Effect – Here Are All the Details” https://tfltruck.com/2023/01/news-californias-commercial-diesel-truck-restriction-is-in-effect-here-are-all-the-details/Read More

Jeff Martin Auctioneers, Inc. Springs Forward With Brooklyn, MS Auction

Jeff Martin Auctioneers, Inc. Springs Forward With Brooklyn, MS Auction

Jeff Martin Auctioneers  was back home from Florida at its Brooklyn, Miss., facility for a huge early spring construction and transportation two-day auction on March 10 and 11. Another large crowd turned out both days to bid on a nice selection of heavy iron, mini/compact machines, backhoe-loaders, road-building machines, heavy-duty trucks, a massive selection of cars and pickups, and much more. A stellar online bidding presence joined the onsite bidders to create an exciting, fast-paced auction. See the Full Article in Construction Equipment GuideRead More

Congrats to Jeff Martin Auctioneers' Minnesota Division & Dylan Kallemeyn.

Congrats to Jeff Martin Auctioneers' Minnesota Division & Dylan Kallemeyn.

Congratulations to Dylan Kallemeyn on winning 3rd place in the Minnesota Auctioneers Auctioneering competition! We are proud to have Dylan as a member of our team here at Jeff Martin Auctioneers. The Minnesota Auctioneers Auctioneering competition was a highly competitive event with incredible auctioneers, and we were honored to have representation among the top performers. Dylan worked hard to prepare, and it paid off with a strong showing in the finals. Dylan stated, "This experience was not only rewarding on a professional level but also provided an opportunity to form great friendships with fellow auctioneers. I am grateful for the opportunity and the support received from my colleagues. Winning pushes me to continue to work harder, and I look forward to potentially competing again in the future!" We are also thrilled to announce that Jeff Martin Auctioneers won first place out of ninety-five entries in the Banners and Signs category for our Classic Car Auction Banner. This award is a testament to our marketing team's hard work and dedication to creating visually striking and effective marketing materials. The Minnesota Auctioneers Association is a premier organization for professionals in the auction industry, and we are honored to be recognized among such a talented group of individuals and companies. We want to thank the Association for hosting this competition and for allowing us to showcase our skills and creativity. We would also like to thank our clients and customers for their support. Without them, we would be unable to do what we love and succeed in this industry. We look forward to continuing to provide exceptional service and to help our customers Experience The Difference. Once again, congratulations to Dylan Kallemeyn on his impressive performance and the entire team at Jeff Martin Auctioneers for our banner win. Thank you for your continued support, and we look forward to seeing you at our next auction! Check out all of our upcoming auctions at JeffMartinAuctioneers.comRead More

Christmas Cards for Veterans

Christmas Cards for Veterans

In the midst of a busy end-of-year auction calendar, the staff of Jeff Martin Auctioneers, INC. took time to write Christmas Cards and letters of encouragement to US Military Veterans. The cards will be distributed by the Florida based group. The company wide initiative was the exclamation point on a yearlong partnership with K9s for Warriors. In 2022 Jeff and Kellie Martin established the goal of raising $100,000 for the non-profit organization. K9s for Warriors supports veterans by training and placing rescued shelter dogs as service animals with veterans. “We set a lofty goal in December 2021. As of December 2022 I am so humbled to report that the Jeff Martin Auctioneers bidders, buyers, sellers, vendors, employees and friends have been able to donate $125,000+ to this important organization,” reported President and CEO, Jeff Martin. In February of 2022 Jeff Martin Auctioneers in partnership with Bottoms Up Chop Shop built and sold a custom Harley Davison Motorcycle as part of their annual auction in Kissimmee, Florida. Plans are already underway to top last year by offering a vintage truck and other items at the 2023 Kissimmee Auction. “We are so grateful for the courage and sacrifice of our veterans,” stated company Vice President Kellie Martin. “We also love our pets, and the opportunity to save shelter dogs and match them with veterans in need perfectly aligns with the purpose of our company.” If you would like to donate to K9s For Warriors, click here . To learn more about Jeff Martin Auctioneers’ partnership with K9s For Warriors click hereRead More