Farm Contractor & Large Scale Farmer
    Twitter LinkedIn
    • FREE Email Newsletters
    • About Us
    • Advertise
    • Subscribe
    • Contact Us
    Twitter LinkedIn
    Podcast
    Farm Contractor & Large Scale Farmer
    • News
      • Arable & Agronomy
      • Dealership News
      • Environmental Land Management Scheme/Policy
      • Event News
      • Health & Safety
      • Machinery
      • People
      • World News
    • Farm Machinery
      • Amenity & Maintenance
      • Cultivations
      • Drilling
      • Grassland Equipment
      • Harvesting
      • Muck & Slurry
      • Sprayers
      • Telehandlers
      • Tractors
      • Tractor of the Year
      • Tyres & Tracks
      • Whatever happened to?
    • Precision Farming
    • Markets & Policy
    • Profiles
      • National Arable and Grassland Awards
      • Company Profiles
      • Reader Profiles
    • Livestock
      • Beef
      • Dairy
      • Sheep
    • Magazines
      1. May 2025 issue
      2. April 2025 issue
      3. March 2025 issue
      4. 2025 Tyre Developments supplement
      5. February 2025 issue
      6. National Arable and Grassland Awards supplement
      7. January 2025 issue
      8. December 2024 issue
      9. November 2024 issue
      10. October 2024 issue
      11. September 2024 issue
      12. August 2024 Issue
      13. 2024 Drills and Seeds supplement
      14. July 2024 Issue
      15. Cereals Supplement
      16. June 2024 Issue
      17. May 2024 Issue
      18. April 2024 Issue
      19. Tyres and Tracks Supplement
      20. March 2024 Issue
      21. National Arable & Grassland Award – Meet the Finalists
      22. February 2024 Issue
      23. January 2024 Issue
      24. December 2023
      25. Agritechnica Preview Supplement
      26. November 2023
      27. October 2023
      Featured

      May 2025 issue available now

      By Matthew TiltMay 1, 2025
      Recent

      May 2025 issue available now

      May 1, 2025

      April 2025 issue available now

      April 1, 2025

      March 2025 issue available now

      February 28, 2025
    • Events
    • Podcast
    Farm Contractor & Large Scale Farmer
    Machinery

    Cheffins doubles sales figures year-on-year with £25 million worth of machinery sold

    Matthew TiltBy Matthew TiltApril 20, 20233 Mins Read
    Facebook Twitter LinkedIn Email

    Cheffins has announced sales of over £25 million in the first quarter of 2023, across both its Cambridge monthly sales and on-site auctions. This is more than double the total sold in the same period in 2022, which was £12.4 million.

    The three Cambridge sales in January, February and March grossed over £11.2 million, an uplift of 20.5% against the same period in 2022. Overseas purchases made 35% of buyers at each sale, with top countries for export including Ireland, Romania, Sudan, Lithuania and Poland.

    Nine on-site sales took place in the first quarter, comprising both modern and vintage machinery. The highest-grossing sale was held on behalf of Ripon Farm Services, the most successful single vendor auction in Cheffins’ history.

    Top selling items so far this year have included a 2021 John Deere 9800i forage harvester, selling for £230,000; a 2017 Claas Jaguar 980 forage harvester, achieving £125,000; a 2020 JCB 435S loading shovel, also selling for £125,000; a 2015 Case Quadtrac 580 which made £119,000; a 2018 John Deere 8600 forage harvester, selling for £115,000 and a 2019 Fendt 724 Vario tractor which made £111,000.

    Oliver Godfrey, head of the Machinery Division at Cheffins said: “The combination of increasing costs for new machinery, coupled with long lead times, has ensured that both end-users and trade buyers have had to be prepared to pay higher prices for good quality second-hand machinery.

    “Whilst we are still living in uncertain times with the combination of the war in Ukraine, rising interest rates and the cost-of-living crisis, well-maintained agricultural and plant machinery is continuing to see growing prices which has pushed up the average lot price achieved at each of the Cheffins sales. As the pound remains weak against the Euro, the export market came back with a bang in the first quarter of this year, as overseas buyers become increasingly confident in the new rules and regulations for machinery export.

    “Global supply chains are continuing to struggle to build new kit as quickly as is needed, and this has left farmers and contractors little choice but to turn to second hand opportunities. Similarly, on-site sales in the past three months for farmers, contractors and machinery dealers have increased in regularity and we have seen multiple sales gross seven-figure sums as we offer a hassle-free solution to dispose of surplus equipment.”

    Cheffins’ next sale will be held on the 15th of May at the Cheffins Machinery Sale Ground, Cambridgeshire. For more information go to www.cheffins.co.uk

    Tweet
    Share
    Share
    Pin
    Share. Facebook Twitter LinkedIn Email
    Previous ArticleFarming experience for young people at Essex college
    Next Article New oilseed manager at Limagrain UK
    Matthew Tilt
    • Twitter
    • LinkedIn

    Machinery editor for Farm Contractor & Large Scale Farmer. Matt has worked as an agricultural machinery journalist for five years, following time spent in his family’s Worcestershire contracting business. When he’s not driving or writing about the latest farm equipment, he can be found in his local cinema, or with his headphones in, reading a good book.

    Read Similar Stories

    Kuhn highlights machines available for grant funding

    May 12, 2025

    West Midlands council switches to electric ATVs

    May 12, 2025

    Bunning to showcase spreader range at Royal Highland Show

    May 12, 2025
    Most Read Stories

    Kuhn highlights machines available for grant funding

    May 12, 2025

    West Midlands council switches to electric ATVs

    May 12, 2025

    Bunning to showcase spreader range at Royal Highland Show

    May 12, 2025
    Farm Contractor & Large Scale Farmer

    The UK's leading agricultural machinery journal

    Twitter LinkedIn
    © 2024 MA Agriculture Ltd, a Mark Allen Group company

    Privacy Policy | Cookies Policy | Terms & Conditions

    • Farmers Weekly
    • AA Farmer
    • Poultry News
    • Pig World

    Type above and press Enter to search. Press Esc to cancel.