IronPlanet, an online marketplace for heavy equipment and trucks, has sold over $46 million in equipment at auctions held across its marketplaces from March 25-27.
In addition to online auctions, the firm last month held onsite events in the US including a joint live unreserved public auction with Cat Auction Services in Iowa and a two-day sale by Kruse Energy & Equipment in Oklahoma.
Over 24,000 people registered for onsite and online auctions, and a total of 3,530 items were sold for $46.7 million in gross merchandise value. In Europe, IronPlanet’s end-of-quarter sale attracted more than 2,800 attendees from Europe, Asia, the Middle East and the Americas.
“We ended the quarter with a strong week of auctions that sold more than $46 million in equipment,” said Gregory J. Owens, IronPlanet Chairman and CEO.
“I am very excited with the momentum that we have in the market and the value we are delivering to our customers across the construction, transportation, government, and oil and gas sectors.”
IronPlanet, which has about 1.3 million registered users globally, also recorded robust sales of oilfield and military equipment in the US. Its marketplace Kruse Energy and Equipment sold 17 rigs and surplus oilfield equipment in its two-day sale in Oklahoma. Meanwhile, GovPlanet, launched last year, managed to sell over 300 items, including 50 military Humvees and four Oshkosh M1070HET trucks.
