The one-day online auction included a wide variety of late model equipment commonly used in the oil and gas, land development, pipeline and other heavy construction industriesIronPlanet recently liquidated $6.08 million of gross merchandise volume for Western States Contracting of Myton, Utah.
“This was our biggest sale ever with IronPlanet,” said Weston Adams with Western States Contracting. “We had some very specialized equipment in this auction and we were able to get a lot more than we expected for it. IronPlanet knew the equipment and where to find the buyers. They went above and beyond, working really well with our mechanics and our entire team to make this sale a success. We are very pleased with the result.”
IronPlanet conducted the one-owner liquidation auction on December 5 to sell inventory from the Utah division of Western States Contracting ranging from backhoe loaders to rock saw trenchers. IronPlanet’s online auction attracted a global audience of more than 10,000 visitors from 150 countries, with winning bids coming from buyers as far away as Russia, Saudi Arabia, and Vietnam.
“We were pleased to partner with Western States Contracting on another successful sale,” said Keith Spicer, Northwest U.S. Regional Manager. “IronPlanet’s online marketplace was the ideal solution for their needs. With a global audience of bidders, we were able to match this specialized equipment with the right buyers. Combined with low selling costs, the result was better price performance than they could expect from a traditional auction.”
Understanding current equipment value and demand is very important for sellers. IronPlanet customer service can work with sellers to identify the best liquidation strategy for their heavy equipment inventory. The online equipment marketplace offers adds additional value, giving sellers a quicker and more efficient means of managing their fleet needs than traditional auctions.
