PLEASANTON, Calif. and EAGAN, Minn. – Feb. 27, 2015 – IronPlanet, the leading online marketplace for buying and selling used heavy equipment and trucks, and Cat Auction Services, an alliance of Caterpillar and several of its independent Cat^® dealers, sold 1,430 items for $48.1 million in gross merchandise value at its live unreserved public auction in Kissimmee, Fla., which took place Feb. 11-13.

“I am extremely pleased with the first IronPlanet and Cat Auction Services joint auction. The support that we received from the Caterpillar dealers as well as our other OEM, rental company, contractor, and industrial customers provided the best line up of equipment in Florida this February,” said Gregory J. Owens, IronPlanet Chairman and CEO. “The live auction format incombination with our 1.3 million registered online buyers generated strong demand. This event is a great example of using technology to transform the business of buying and selling used heavy equipment.”

“We brought IronPlanet on board to liquidate one of our borrower’s equipment. I have never had a vendor work harder in locating and preparing all the equipment for a sale. I appreciated the attention to detail and quick response to unexpected obstacles along the way. The service definitely exceeded my expectations! I would personally recommend IronPlanet to anyone.” – Tracy O. Hatfield, Vice President, PBI Bank

“We used IronPlanet to liquidate a customer’s idle construction equipment. A local auctioneer suggested much of it would be nothing more than scrap. Our net proceeds from the IronPlanet online auction were actually twice what we expected. I think that is a testament to IronPlanet’s business model and its ability to reach a worldwide market. The sales results exceeded our expectations, and we were able to collect all of our outstanding principal, which I don’t think would have been possible had we used anyone else to liquidate the equipment. Our executive team was very impressed and we wouldn’t hestiate to use IronPlanet again.” – Andrew Jarvis, Vice President, Community Trust® Bank

IronPlanet Chairman and CEO, Gregory J. Owens, recently spoke with Construction Equipment Guide following the announcement that IronPlanet and Cat Auction Services signed an agreement to merge. Owens reflects on IronPlanet’s recent growth and the benefits that larger auction marketplaces provide to buyers and sellers. Read it here.

Our first major events of the year are fast approaching. The Associated Equipment Distributors (AED) Summit & CONDEX will take place in Orlando, Fla., Feb. 10-13. IronPlanet is again sponsoring this annual gathering of construction, mining and agriculture industry distributors, manufacturers and service providers. Our team members are excited to attend the show and network with industry professionals.

PLEASANTON, Calif. – Jan. 28, 2015 – IronPlanet, the leading online marketplace for buying and selling used heavy equipment and trucks, will showcase U.S. military Humvees in Kissimmee, Fla., Feb. 11 – 13 at IronPlanet’s joint live unreserved public auction with Cat Auction Services. The Humvees will be sold by GovPlanet, an IronPlanet online marketplace for buying and selling used government assets, during its Feb. 18 auction at www.govplanet.com.

Last year, IronPlanet took its technology expertise to new heights with BiddingAce, a marketplace for general aviation aircraft. The site launched in June 2014 and uses IronPlanet’s technology platform to connect aircraft sellers with buyers around the world.

An exciting year

Since the launch of BiddingAce, Craig Fuller, a well-known aviator, former president and CEO of the Aircraft Owners and Pilots Association (AOPA) and member of several Federal Aviation Administration (FAA) committees, has joined BiddingAce’s board of directors. His expertise will be a true asset to the organization and its customers.

PLEASANTON, Calif. and EAGAN, Minn. – Jan. 20, 2015 – IronPlanet, the leading online marketplace for buying and selling used heavy equipment and trucks, and Associated Auction Services LLC, an alliance of Caterpillar and several of its independent Cat^® dealers, that operates under the name of Cat Auction Services (“Cat Auction Services”) will hold a live unreserved public auction in Kissimmee, Fla., Feb. 11-13 with more than 1,000 items up for bid. All of the equipment will be backed by IronPlanet’s IronClad Assurance^® buyer protection program.

“We are very excited about working with Cat Auction Services to combine the best of two industry leaders for this joint auction event in Florida,” said Gregory J. Owens, IronPlanet Chairman and CEO. “We’ll have a large and diverse selection of late model equipment from OEMs, Caterpillar dealers, rental companies and large contractors. All of the equipment will be backed by our exclusive IronClad Assurance, so buyers onsite in Kissimmee can bid with confidence as can our more than one million registered users online from around the world.”

Used truck auctions allow buyers to purchase a variety of trucks and give sellers a platform to reach buyers around the world. David Kolman of VehicleServicePros.com interviewed Paul Blalock, Vice President of Sales for TruckPlanet, to learn more about the advantages of truck auctions and guidelines for buyers and sellers. Read the article here.

If you’ve recently visited our IronPlanet, TruckPlanet or GovPlanet websites, you may have noticed that we’ve made a few exciting updates. The new features and functionality are designed to make your equipment buying and selling experiences even easier.