As 2012 draws to a close, many construction companies are looking to 2013 with hope. The industry has improved markedly in the past year. For example, construction spending in October surpassed projections of a 0.5 percent increase, instead growing an impressive 1.4 percent month-over-month, according to Bloomberg Businessweek. This drove the annual rate of spending up to about $872 billion, marking the highest level since September 2009. Experts are projecting the growth will continue gradually in 2013, making the new year a good time to buy and sell used construction equipment.
Selling used equipment
If you are looking to make room in your inventory, free up some funds in the budget or replace equipment, IronPlanet can help you get the most money for your items. Companies in the Western U.S. can take advantage of the Western Auction Premiere that launches in January. Sellers in other regions of the U.S. and around the world can list their equipment in the Daily Marketplace or Featured Auctions, which occur weekly. IronPlanet also helps sellers reach a wide audience by advertising with industry magazines and websites, marketing various auctions through member emails and alerting those who have indicated interest in the items you are selling.
Buying items at auction
Purchasing used construction equipment can help buyers get the items they need at a good value. The Western Auction Premiere may be ideal for local buyers, as bidding on goods located nearby can help them save on shipping costs. If you don't see what you're looking for in this auction, there are still a number of options to find the exact equipment you want. IronPlanet ensures that what you see is what you'll get, thanks to the thorough inspection reports. The company's IronClad Assurance protection program provides added assurance that you'll be satisfied with your purchase.
There has been an increasing number of new housing jobs in recent months, and this trend is expected to continue. Other areas of construction are also likely to see growth in 2013, which means many companies are gearing up to handle larger workloads and will likely need more equipment. Sellers can take advantage of the increased demand, which will provide buyers with more options to choose from when they shop for used construction equipment on IronPlanet's online auction site.
