Finning-hosted Cat Auction Services events feature more than just Cat equipment

It was August last year when the world’s largest Caterpillar dealer, Finning, agreed to jointly market used heavy equipment in western Canada through Cat Auction Services, IronPlanet’s unreserved auction marketplace. The move enabled Finning to offer its customers an auction alternative they can count on. It also connects western Canadian equipment owners with IronPlanet’s 1.5 million registered online users around the globe. 

Don't miss our heavy equipment and truck auction tomorrow, Thursday, July 28, 2016. This week we are featuring great deals on hundreds of pieces of asphalt equipment, excavators, tractors and much more. Don't miss late-model Freightliner and Volvo Sleepers from Landair and professionally-maintained trucks from Walmart.  Expect great deals on wheel loaders and excavators from Yellowhouse Machinery, and trucks and trailers from Dunn Construction. All items are available now to preview, and be sure to read inspection reports.

IronPlanet now offers buyers instant financing on equipment purchases with Express, by Currency Capital and financing options from Cat Financial. Instant financing, along with IronPlanet's IronClad Assurance® equipment condition certification is just another way IronPlanet helps its customers to buy online with confidence.

Join us tomorrow, Wednesday, July 27 for our weekly GovPlanet used equipment auction featuring over 400 pieces of used military equipment from the U.S. Marine Corps., U.S. Army and more. This week, look for humvees, backhoe loaders, HET Trucks, telehandlers, generators and much more. Place your priority bids now to find the used equipment you are looking for!

2005 Cat 420D IT 4x4 Backhoe Loader

Item #750358. 40 hours. Enclosed Cab, Air Conditioner, Heater, 4WD, 93" Multi-Purpose Loader Bucket, Hydraulic Front Coupler, Front Auxiliary Hydraulics, 23" Rear Bucket, Manual Rear Coupler, Rear Auxiliary Hydraulics, Standard Stick, Powershift Transmission, Control Pattern Changer, Tilt Steering Wheel, Backhoe Pilot Controls.

1994 Oshkosh M1070 8x8 HET Truck

Item #750338.8x8, Detroit 8 Cylinder, Turbo, Diesel Engine, Automatic Transmission, PTO, Central Tire Inflation System, 16.00R20 Tires, Dual Rear Winches, Hard Top, Heater, 86,000 lb. GVWR.

Saves on transport costs, achieves better than expected returns

 Canada’s new, used equipment auction alternative is rapidly building a following. That’s what Finning equipment salesperson Norm Roine from Vernon will tell you.

After advising one of his customers he had something up his sleeve that could help them with their plans to restructure their fleet, he was met with, “Who the hell is IronPlanet?”  That understandable blind spot was quickly resolved and the newly enlightened owners of a mid-sized Kelowna-based construction firm ended up disposing of 14 units through the new auction channel and adding eight new Cat machines from Finning.

Do-it yourself, DIY, Fixer Upper...we've all seen the reality shows where buyers take something old and make it new. GovPlanet customer Rick Stickle recently took DIY to a whole new level and industry - used construction equipment.  Rick's business, Midwest3PL, a third party logistics company out of Cedar Rapids, Iowa, transformed a used Case Crawler Tractor with minimal time and money and gave Midwest3PL a nearly new piece of equipment to use for years to come.

1988 Case 1150 Crawler Tractor BEFORE

A History of Do-It-Yourself

Rick Stickle is in the warehouse business as a 3PL (third party logistics) provider to a number of Midwest-based clients, hence the name Midwest3PL. As the owner of over 150 different buildings, he has subscribed to the "Do-it-yourself" policy for most of his 65 years of life. When it came time to expand one of his large buildings in Cedar Rapids, Stickle began the process acting as his own General Contractor. "Since we already had many other construction equipment items, there seemed to be a general need for a laser guided track machine. After investigating the cost of comparable, newer models, I looked into IronPlanet's GovPlanet site and realized that there were severalolder Case dozers being auctioned off with relatively low hours on them. I checked with a couple of our local dealers for comparable laser equipment and found that for a very small investment, we could purchase laser guided tools that could be utilized on the Case dozer as well as other equipment as well."

Don't miss our heavy equipment and truck auction on Thursday, July 21, 2016. This week we are featuring  late-model Cat equipment- contractor-owned, located in Louisiana. Thursday's used equipment auction also includes a wide variety of used telehandlers, backhoe loaders, excavators, crawler tractors and more. All items are available now to preview, and be sure to read inspection reports.

IronPlanet now offers buyers instant financing on equipment purchases with Express, by Currency Capital and financing options from Cat Financial. Instant financing, along with IronPlanet's IronClad Assurance® equipment condition certification is just another way IronPlanet helps its customers to buy online with confidence.

Join us Wednesday, July 20 for our weekly GovPlanet equipment auction featuring over 400 pieces of equipment from the U.S. Marine Corps., U.S. Army and more. Look for a huge selection of equipment such as cargo vans, track excavators, humvees, cargo trucks, and forklifts. Looking for accessories only? Make sure to check out our wide variety of specialty trailers, generators and HMMWV hard doors. Place your priority bids now!

BMY M923A2 5 Ton 6x6 Cargo Truck

Item #739698. 6x6, Cummins 6 Cylinder 8.3L Diesel Engine, Automatic Transmission, ABS, Central Tire Inflation System, 14.00R20 Tires, Fold-Down Bed Sides, Cargo Cover Bows, Canvas Cargo Cover, Tailgate, Hard Top, Heater, 31,550 lb. GVWR.

Check out some interesting global headlines around the construction and heavy equipment industry during the first part of July.

World Mining Equipment Market to Reach $156 Billion by 2022 - Report (Mining.com)

"The global mining equipment market is expected to garner $156 billion by 2022, increasing at a compound annual growth rate (CAGR) of 7.9% during 2016 – 2022, a new report published by Allied Market Research shows. According to the study, titled “World Mining Equipment Market – Opportunities and Forecasts, 2015 – 2022”, the Asia–Pacific region accounted for the highest revenue of over $50 billion in 2015, followed by Latin America, the Middle East and Africa (LAMEA)." Read more

Don't miss our heavy equipment auction tomorrow, Thursday, July 14, 2016.

Looking for a truck? You don't want to miss this opportunity to own these single-owner, sleeper trucks from the Walmart fleet, from manufacturers Freightliner, Peterbilt, International and Kenworth. All Walmart trucks come with our exclusive IronClad Assurance equipment condition certification. Read inspection reports, match available machines against your needs, and place your bids now. 

IronPlanet's featured auction includes a wide variety of used compactors, crawler tractors, wheel loaders, backhoe loaders, and utility vehicles. All items are available now to preview, and be sure to read inspection reports and get financing (if needed) arranged ahead of auction day. You won't want to miss this one!

Although it’s only July, it’s not hard to imagine the unavoidable dropping temperatures, falling snow and gathering ice that will soon announce the start of Canada's and parts of the Northeastern United States' long winter season. With colder and more hazardous weather around the corner, used equipment owners have some serious decisions to make about which items to keep in their fleets and which to sell.

Fortunately, the approaching end of warm weather is not an issue in many other geographic areas around the world. Areas in the United States, such as Florida, Texas, California and Arizona, as well as countries in South America, Asia, the Middle East and Africa will continue to experience high temperatures that make ongoing road construction more manageable. This offers advantages for heavy equipment owners who are focused on inventory management and seeking a new home for a selection of items. In addition, there is high demand for older equipment in developing countries due to ease of repair and operation.

But how do owners interested in selling equipment reach these distant audiences? Shipping equipment to onsite auctions can be expensive and time consuming. And, during these colder months, potential buyers may not want to travel to onsite auctions (i.e. experience delays and cancellations) during potentially hazardous conditions or view equipment in possible extreme cold temperatures. If auctions do take place, low attendance can mean a poor return for sellers.