Convinced to Sell Our Trucks at Auction and How Much Money we Lost!
ฝัง
- เผยแพร่เมื่อ 15 มิ.ย. 2024
- After 7 months of trying to hold on to our 2 Artic Lorries (aka semi-trucks), Daniel makes a decision to finally sell both at auction. While he soon regretted it, both Scania Tractor Unit's and Kelberg Trailer's went to auction that week. Now it was all about trying to recoup the estimated value and pay off the remaining finance.
0:00 intro
0:11 why I'm selling
0:45 change of mind
1:14 why I didn't ask the Auction for my lorries back
1:38 costs and hopes
2:41 the auction
7:10 the figures
8:39 summary
9:41 outro
#Auction | #Trucks | #Business
:: ASHVILLE ::
waste management | aggregates | concrete | construction
IG @thisisashville
TikTok @thisisashville
Aggregates » ashvilleaggregates.com
Construction » ashvilleinc.com
Concrete » ashvilleconcrete.com
Entertainment » thisisashville.com
:: DANIEL LOUISY ::
IG @daniellouisy
TikTok @daniellouisy - แนวปฏิบัติและการใช้ชีวิต
One thing about you and your videos is your honesty. means a lot these days
I agree but fam, he's making soooo many errors that people like him have gone before, Including me. I think he has a massive ego which he needs to get a handle on before he goes to the wall forever.
Is the ASHVILLE AGGREGATES LIMITED Plot 5 Link Park Thorney Mill Road West Drayton???
If so that has gone into liquidation on the 10th November, a winding up order was issued from a supplier due to none payment.
He seems a nice guy i have seen it time and time again though. Own a company start spending like a millionaire, but before you earn the millions.
As long as your not replacing them the moneys good shame you didn't sell them earlier when everyone was fighting over themselves for wagons but such is life. Great informative content again well done Daniel and production team.
Great video Daniel. Personally though, I would have kept the units and subbed them out when you didn’t have any work for them. Or picked up a cheap flatbed or curtainsider and run bagged aggregate. But I’m a driver, not an operator. Good job, nice price.
Nice congrats. Could’ve been much worse and when you’re looking back in 10 years this is just one of the many things that comes with scaling a business. Onwards and upwards 🙌
Michael Odonavon wouldn't be selling no trucks
No, his sister would though as she is the Head of Odonavons
@Dave Harrison Capita he would of found good paying work in his Manor
@Acorn dogs good shout I hope you had a good Christmas
They sold the whole company instead 😂
Jackie sold the firm
7 months ago the viability was questioned. New CFO runs the numbers and comes to same conclusion in a few weeks. It's the right decision.
It’s just down to experience all round… Daniel had experience of aluminium bodies getting abused so went with steel, but steel was too heavy… Horses for courses and he’ll know next time. The only truly sad thing here is that the “drop-of-the-hat-versatility” he had by having artics on the fleet has now gone for the time being. Always a good watch, always good to listen and learn to your experiences 👊
Fair all round really.
Thank you for your perspective, which highlights the reality of doing business in the real world.
You got good prices for them, good clean kit and well looked after. Im gutted i got outbid as there was a good crowd in the auction floor that day.
When you looked at the figures months ago the sentimental end kicked in and you kept them, CFO says the same and it just confirms, January and first quarter is going to be tough the right move was made to sell.
If anything you can always go again once the time is right.
Great honest video. I just love SCANIA tractor units and loved watching them in action on your channel - shame they had to go. I am not in the same business as you so cannot tell you what I would have done - however when I sold my older Audi diesel estate (popular with tradesman and builders) I too had so many tire kickers to deal with I wished I sent it to auction for a quick sale. I held on for a week, and really glad I did because in the end a really friendly and well deserving roofer bought my car - it went to a good home at a price I wanted - winners all around.
Thankyou Daniel. A very informative and entertaining episode.
Great video. You listened to the advise (props to the CFO for showing why the lorries should go) and you stuck with a decision.As you said it is deposit money for new tippers. Expand the business where you know you can make money. Daniel have a great Christmas. Ps, I have had to go elsewhere to get my train fix 🥳
It was the Administrator that is selling the assets. If it Is the ASHVILLE AGGREGATES LIMITED Plot 5 Link Park Thorney Mill Road West Drayton???
If so that has gone into liquidation on the 10th November, a winding up order was issued from a supplier due to none payment.
Do you know Kevin Beale
I am a retired operator. IME, the one thing you should never do is drill down into daily figures when working out a loss. You are just diluting the loss in your head. Look at the high level loss, on at least a monthly basis, but ideally the annual loss. This is because you dont look at profits on a daily basis, you look at them monthly, quarterly and annually. We were making losses on our 8w grabs, and in the end I had to sit down and look at the big picture. When you look at standing costs plus running costs and you are making a loss its time to change direction or get rid. I think you made the right call. Good luck for 2023, its going to be a rough year.
I thought you did really well, it's very difficult to come p with the perfect answer, it looked like you smiled at 78k for the tractors and the trailers came in at good numbers too! well done 'Happy Christmas & all the Best for the New Year
Plenty of firms cashed in when prices were higher for 2nd hand trucks!! Followed quickly by closing they’re doors and walking away with cash in the bank rather than going broke. Your doing great, keep at it if it works for you, you keep people employed and people enjoy working for you, that’s some feat on its own.
Hey Daniel, great video as always brutally honest as well. The only thing you should take away is the lesson you referred to, before you press the button on a big decision do some critical thinking outside the P&L you already did. No rules just running through options to see whether there were any, such as the trailer only option, also how they could have been rented to another company who didn’t want to buy, maybe with driver?
Your forever in a moving market. Well done for seeing that the cost out way the value? More so when your attached to them. One door closed and another one will open. Stick to you gut feeling and you will never go wrong. Great episode Dan.
your videos are pure gold, thank you for sharing
The honesty and straight forward talking is refreshing and rare on TH-cam.
Merry Christmas Daniel and Ashville!
It's all about figures these days. I am sure your CFO show honesty to you and the company.
Best of luck for the new year
Great content 👍 Good luck for the new coming year 💪👍
You did great Daniel you did what your business needed you to do great job!!!
Smart decision. Personally, I'd find an older used tractor unit to keep around thats paid with not too much into for those rare instances. Yes, i know idle equipment costs, but those "rare" times you need one you have one.
Daniel, you do wear your heart on your sleeve BUT your honesty will win any client to do business with you. The shady clients that do not give you a fair crack of the whip....want ejecting from your list. The only thing I would say about selling kit is you have to remember the buyer will have to factor in the rebrand of the company colours on your kit. A client of mine in the old days was a large company based in London with green vans, we finally persuaded them to go white with a better adhesive logo. It saved them £800 x 240 vehicles....not bad client management. Keep the honesty Daniel...you WILL get better business.
not being sentimental about possessions is something we could all benefit from, even with personal items sometimes you have to cut the cord.
Happy Christmas everyone
Love your videos man. I do safety in the USA for road & bridge work and really enjoy your content.
I think you got a great price and I think your great at what you do and you have a great team around you keep up the good work
Great video, very brave showing us. Thank you for showing us what it really takes to run a business. Really like the video. May you have ongoing success. With you all the way.
I love your approach to your business. You deserve to succeed. Great attitude. 😂😎👍
Right call there tbh Daniel. Easy for everyone to say buy new trailers but hard choice to invest in an area you know is losing you money.
I will keep this link for a future business way to calculate things. Thanks man.
Hi as they are now sold and you are buying some new eight wheel tippers. Why not have two equipped with trailer couplings and buy two short trailers for use when you need the extra capacity on longer runs. I know some of the work you do the space is too small for trailers.If you were to buy two used trailers the cost would be very much less there less money would be tied up in them. There are plenty of these available at auctions and even if they needed a small amount of work to bring them into good order it may be worth thinking about. At the same time a three axle low bed trailer could be used to move your large excavator when needed. There about eight or nine good used truck auctions around the country and it could be worth thinking about
Informative video Daniel.Thought you would have got more for units and trailers
I'm sure the 2 complete artic units were your pride and joy, but as you seen months ago they were not paying there way. I've done work for a couple of companies that had a 2nd driver on a wagon to run them over night. Still uses fuel, drivers need paying, but the revenue helps cover the daily operating costs. However being where your located I would guess not as the limitations on wagons would prohibit this. Anyways keep up the nice clear way you explain your business logic.
could have left them parked in the yard collecting depreciaton on them and any job you get is gravy as long as you price accordingly. And yes the lack of forsight to compare cost/benefit of alloy trailers vs steel is a lesson to learn, alloy tippers could save a tonne probably so look at that too though the problem is always trying to get backloads and carting concrete/rubble is a potential problem as alloy is so easily damaged, maybe use technology and have a video call with the driver and terry coukd decide what truck will take what waste from sight aka keep half the tippers steel bodied so you can take te rock/concrete in the steel and the rubble/slop etc in the alloy bodies. as i said use technology to improve customer service and the companies bottom line by pricing live on the spot instead of blanket pricing of say 20 quid a tonne or whatever. keep up the good work and have fun, i think last time i saw you driving a truck you found that spark, the smile and the simple joy of driving your toys and remembering all the jobs you did, the struggles and now you have the toys and bit by bit you are winning.
Daniel you can always purchase tractor units n trailers again when time n work requires ...in business you gotta be ruthless 👍
From a man who runs his own business with multiple trucks and equipment, I very much enjoyed this video. Numbers, trucks and profits my favorite
As an accountant, I reckon those lorries were probably generating more background revenue in the form of the TH-cam videos you made with them, such as the Merch collection video. So they might have been worth holding on to.
would love to see a video with your CFO breaking down in detail how for example a Three and half year long lease term looks exactly from tax benefits to true costs from financing costs to tires.
as always great stuff !
Great video 👍
You seem like a good boss and company to work for. ✨👍
All good things come to a end, you know man loves figures, but the artics wasn't working for nothing though, every tonne of Aggregate delivered was paid work. So the weekly loss could be different, all in all got to do things to let the company grow! Keep the great videos coming🌟🌟
Great video as ever. Tire kickers. 😉👍.
Only real way to make artics profitable is to run them 24 hours a day. You could use them for your work in the day, and then contract the tractor unit out with a driver at night, say on parcel or supermarket work. It’s no good keeping them if they don’t make a good profit, only needs one mishap to knock a years profit on the head.
in answer to your question, if i was in your shoes - id have personally kept 1 tractor and 1 trailer, and the money i made from selling the other set, pay off any finance, and with the change by a low loader trailer for transporting machinery from job to job.
that way, that one tractor is multifunctional, it can do tipper work, and heavy haulage (to a degree).
Me and my Dad run our own logistics business and scrap business - so we have been have a long hard think the past couple of months weather to get artics. we where really close to buying them but then we held off, but are plan now is to buy 1 high power tractor unit, a low loader and a box trailer. that way that one tractor can serve both our businesses. it can move pallets round in the box trailer. but can do the odd but of heavy recovery.
Sad to see them go, another great vid Daniel
Be interesting seeing the daily running costs vs the money available to make back using them.
Does some hard work this man right here like
Fair price for both units. As for selling, like you said, make the call and stick with it Was going to say keep one of the trucks, but costs of keeping it around, not worth the hassle. Surprised that the trailers did not go for more though.
Perhaps take the name of before selling if there's a next time 😏
Nice surprise to see an Ashville video two days on the run.
Every tool or vehicle that you own in a company should generate profit or pay for itself by being used all the time so if it doesn't do that then you get something that will, that's just how it is goes. I think you made right decision, also you had it for 3 years and it did make money so you didn't lose that much Daniel.
Heh, should have read further before i made my points. Plus tax allowances on depreciation not included
Hi Daniel, It's a tough decision but you must be guided by your CFO otherwise, what's the point of having him/her there. Anyway, I'm sure you will be able to offset other items purchased by claiming the vat back. 😉
Ashville two day in a row 👍🏾the big trucks are moving on
for these difficult decisions, let wilson make the final decision as future ceo of ashville
Danial, my thoughts, but remembering hindsight in mind. You did ask for comments.
Your breakdown of figures as you said didn’t include some standing and no running costs. It didn’t have the earnings listed either.
If you were losing 80 quid a day x 2, why did you keep them as long as you did?
Being tractor units and sleeper cabs they could of gone up the road, either carrying your own aggregates or sub contracting to other hauliers. All sorts of trailers are available to
rent short term to see what will maximize your payload, earning potential and your versatility to keep them profitable.
It would of taken some effort to make it work, but when you invest in a product as you did, that’s the nature of the beast.
As the tractor units were in good working order and the trailers specced well for demolition and aggregates a long life could be expected. Putting one in part exchange against a light alloy spec your competition is running was an option, along with renting a flat bed trailer to do multiple deliveries of your bagged aggregate locally or further afield. The roll on/off with the grab/crane is to heavy to get lots of bags on.
The replacement cost of the units is now to expensive and prohibitive for new investment.
Truth be told Terry is probably to busy with the 8 wheelers to put the required time into the artics.
Did you contact Kel-Berg to see what they would offer you?
Is it a buyers or sellers premium and what did it cost to get the vehicles to Ireland?
The ASHVILLE logo should of been stripped off prior to the sale, for many reasons.
On a financial note, your finance manager is all about figures and if you are not careful will become an asset stripper.
Tin hat on ready for fall out 😂🏴🇺🇸
Done exactly what you did. Been watching you since the start.
Daniel, lots of great advice on here. However we can all give good advice when it’s not our money or business. You made the decision that you felt was right for your company. Companies up and down the country will be making the same decisions. The only difference is that they are not on the internet and being put under the microscope with everything they do. End result you have cash flow that can be invested back into the business, which in the current market is not a bad thing to have. Whatever you do, there will always be someone who knows better!! Only you know if it was the best decision and how it will help the company for the future. Thank you for the content and the informative dialogue 👍
As if
"Cashflow is king", well said. Especially in a recession.
You helped out a lot of young enterpreneurs with your great breakdown of the proces.
Thank you.
Zouden er meer tattas als ons zijn die naar deze man kijken ?
@@ayoubs7324 ik moest even opzoeken wat tattas betekent.
Maar ja. Natuurlijk. De man geeft in cijfers weer wat de omzet van de vrachtwagens moet zijn.
I am a small sole trader who operates within the driver training industry in the Birmingham area. Just would like to say that you inspire me to think bigger. I solute you and your work ethics.
You might not have needed new Units for the volume of work you had but instead get a cheaper 65 plate euro 6 unit with cash (25-35k). It might not hurt as much if its parked up with no work at times and with a smaller overhead it might work out. Also you would still have access to your own Track Unit for them quick business pivot opportunities. Anyways, keep up the hard work and #MerryChristmas and a #HappyNewYear to #TeamAshville 💪
Problem with used trucks is lack of warranty and usually you’re buying someone else’s rubbish, companies maintain their vehicles differently, drivers drive different to the screwdrivers which can have a huge effect on the wear and tear of individual vehicles, breakdowns and being off the road is the biggest cost which could actually cost you the difference you save between new and used
I wouldn't be buying anything without a warranty or a maintenance contract these days 🙈
I drive a 2005 Volvo Vnl d 12 with 1.7 million miles scared money don't make no money lol and I bought it for 14k in 2019
it is sad see them go.
I noticed people have designed Them Arctic on Euro truck simulator as a Mod.
Ashville going places so look forward to that. Defo when them new Office units are made and ready
Was driving 1 of them the week before Christmas our man bought unit and trailer fine bit of kit👍👍
Whenever time get you interested A truck for work
again can buy it as the first time
For me well done Daniel 👏
Yooo your videos have come a long way from Asheville weekly 03 🎉🎉🎉
Daniel personally i wouldve kept the tractor unit & sold the trailers. Get the aluminium trailer body to get more material. Now as you dont have them anymore other companies will capitalize on getting more jobs as there will be in the future.
Great Content chap, love the tyre kicker bit 😂👍👌✌🤘🖖🤙
Hey Ash, you gotta understand it’s depreciation over the years. 😅
I watch your channel as well because I’m a business owner my self. But more in the Brokerage side of concrete and Block freight
Love what You doing, if You decide to open site in Wales in future I will love to work for You!
Great buy anyone who’s watch’s this Daniel really takes care of all of his machines
Hopefully he can focus more on the construction firm now . I feel he doesn’t put enough energy in the construction firm . With the amount of equipment and raw materials he should be doing larger commercial building projects
In these days where everyone is having financial difs and in business some people maybe hesitant to invest in large machines I think you done well at auction.
Yes they were a success overall D. Especially in the context that they supported your operations and offerings to your customers in getting profits in other areas of your business. Sometimes loss leaders are necessary to generate a profit overall. That’s business
Pleased to have seen them both together a few weeks ago in Northampton and on the car wow races, IMO good business decision 👍
I'd have kept one truck and trailer,reducing some outgoings but still have the option
well done Pal thats the way to go
2 vid in 2 day’s. Results 👌🏼👌🏼👍🏼💪🏼
Regs need a serious overhaul here in the UK..
Finland is allowed a gross weight of 76 tons on their roads, Norway allows 50 - 60 tons, Sweden allows 64 - 74 tons, Denmark is trialing up to 70 tons.
That would mean major up grading of existing bridges and viaducts to accomodate the extra load capacity....good for business for major civils contractors during the works, but a knightmare in delays caused for road users.
I think I would’ve kept a unit and cleared the outstanding finance from the sales that way it’s free and clear of owing money and would just make money (after expenses of course) could hire a trailer as required costed into a job, hired out the unit and driver to others , kept it smart for trade show displays maybe
Those trucks were a beauty! Use to see them on the road 👌🏽🤌🏽
Loved this video!
Daniel achieves success through wisdom and gains wisdom through failure. That is the mark of a wise man.
Im a class 2 class 1 with driver cpc and ADR trained to keep up the dcpc.
Ive not driven since jun 2018 because may main job is being an accredited diagnostic tectnician for audi lets just say in the north west.
Ive been taking home £1600 per month fixing anything that needed fixing however the job fell into family life.
Wagon driving was mega. Mainly 44 tonne artic fully laden from brewery. £800per week back in 2016.
Cant believe how farback my main job and career has fell.
Besides keep up the good work. If i remember right wagons have to go at a certain time for a company to retrieve its tax back. Love ashville, not beeen watching long but like what i see. All the best
Great business choice, if it’s not making a substantial revenue then it’s gotta go. You put your business head on at last 😊 you never no what the future hold as you could get more class 1 works. 😊
Great insight 👍. I’m subbing
The numbers never lie - if they do not add up, then, best to sell.
Great video what mileage had the cabs done?
Brilliant explanation. Just one thing at the end, you can't open up an extendable trailer and put two lumps on it. Have to go twice. Saying that. Done it many times
Trust your instincts. On to the next thing!
Amazed you didn't go the aluminium route from day 1 , pretty standard in your line of work
@SpudMan demolition & concrete
spudman6553
steel body is much sturdier but much heavier so you can treat it worse and put bigger material like rubble, broken concrete etc, but uptimately carry less. Aluminium is lighter but if you throw big material in or do demo work the body wont be long getting damaged and heavily dented
Those units will do some work here, the market appreciated them as well looked after trucks.
Would be cool to know all in what the weekly profit/loss of the units were rather then just the deprivation costs
Depreciation
Daniel, As not done before Auction as previous, trust ALL your signage was removed thereafter sold to safeguard Ashville. And, could not one have been saved? Nonetheless, they will be missed 😢 Hopefully good homes are found. Have a great rest of the week Daniel. Mind how you go 😊❤️
Yes very important signage is removed
Been and bought at Euro Dromore - generally you're getting top-dollar there in terms of auctions, they do a great job. You'd probably have done a lot worse anywhere else.
I would of kept one tractor unit, so you could rent trailers for flat bed work, but if you are going to get new articles, you should look into one with a crane on the tractor unit for loading containers onto a flat bed or other larger items which won't fit on the hook loader truck
Crane drops the overall capacity for the combination
@@cyberprog depends what the unit is plated to.
@@jackhoward5458 true, but that affects profitability. Daniel here is saying a 2T difference in payload could have made it economical to run the artics.
Crane trucks cost a fortune, you need the specialist work for them much of the time to make them profitable, plus as Alexis wrote, they reduce the payload and Ashville was already losing 3 tonnes per load on the steel bodied tipper on steel wheels, over the alloy alternatives so a crane truck would make the tipper trailers or any other full weight work unviable.
@@jackhoward5458 You think those units he sold wouldn't be plated to max weight?
If that’s how quickly the auction went I advise finding a new auction house because that was horrible and all that auction house cares about is turning over their auctions as fast as possible
Daniel has a plan , tippers and grabs are more versatile and in demand .makes good business sense.
you could sublet for asphalt works, for example
my employer gets 70 € per hour (62 british pounds) for the truck trailer with a minimum rental of 8 hours without VAT
you can rebuild your old trailer for 3000 euros (2600 pounds)
I am the driver of the truck and work an average of 10 hours a day with a consumption of 130 liters a day.
I drive an average of 300 km per day with an average waiting time of 5 hours per day.
the days when I don't have to drive in asphalt I work with the same trailer (same model as this one sold now) in soil and demolition works without any modification).
is just an idea to calculate once and a stable income
I seen one of your artic trailers collecting a load out of the quarry i work at in central scotland
I’d of defo just kept one tractor unit and I would of invested in a flat bed trailer that could of done Skelly work to and put it on container work when not in use