PLEASANTON, Calif. (March 22, 2012) — IronPlanet® (www.ironplanet.com), a leading online marketplace for used heavy equipment, announced record annual sales in 2011, with gross merchandise volume (GMV) exceeding $568 million, an increase of 15 percent over 2010.

“I am pleased with our 2011 results, closing another year of record sales as we continue to build the world’s largest online marketplace for used equipment,” said Greg Owens, CEO of IronPlanet. “Buyers and sellers are increasingly turning to IronPlanet as the trusted source to market and sell their used equipment, a true testament to the value and strength of our business model.”