PLEASANTON, Calif. – May 19, 2015 –  IronPlanet, the leading online marketplace for buying and selling used heavy equipment and trucks, sold $33.7 million in equipment at auctions held on May 13 ^th – 14 ^th, 2015. In addition to sales across its online marketplaces IronPlanet ^®, TruckPlanet, and GovPlanet, IronPlanet held two onsite auctions:  a Cat Auction Services live unreserved public auction in Morgantown, West Virginia, and a Kruse Energy & Equipment Auctioneers two-day auction in Odessa, Texas. 

More than 25,000 people attended the auctions online and onsite, buying more than 2,750 lots of equipment for $33.7 million in gross merchandise value (GMV). IronPlanet’s Kruse Energy & Equipment Auctioneers saw strong pricing across its oil and gas offerings, including 20-plus well service rigs, nine drilling rigs and a full fracking fleet package that brought a record price at auction.

Interested in participating in one of our auctions? Take these five steps now to make your auction day used heavy equipment purchase as easy and streamlined as possible.

1. Sign up with IronPlanet and get pre-qualified to bid

First things first: Set up your IronPlanet account. Once you're a registered user, you can then apply for approval to bid at varying levels. You’ll also get access to our Practice Auction, where you can experience what an auction will look like ahead of time, and to the Watch List tool, where you can save items to look at later and get email updates on items you've saved.

Now that you have your account set up, use our search and browse tools to find the equipment that meets your needs. Each piece of equipment has an inspection report from one of our professional inspection team members, and the reports are guaranteed with our IronClad Assurance®: What you see in the report is what you’ll get when the equipment is delivered.

This week in interesting industry headlines:

Amtrak Crash and America's Declining Construction Spending [The New York Times]

"One of the reasons that American trains should not travel 100 miles and hour in many places in that the state of our rail system-- like the state of our bridges, highways and airports-- is not good." Read more

Revenue for U.S. Trucking Companies Reaches Record $700 Billion [Wall Street Journal]

"A shortage of drivers and persistently low fuel charges are driving greenbacks to the pockets of trucking companies, as the industry reported a record $700.4 billion in revenue in 2014." Read more

Now that spring has arrived, it's time to prepare your fleet for the hot summer months. Here are 7 tips for keeping your heavy equipment in the best shape possible during the year's most sweltering temperatures:

• Check your equipment engines' cooling systems. What coolant-to-water ratio does your manufacturer recommend for each item to protect against boilover in hot weather? Make sure you're at the recommended ratios by using test strips or other methods, then adjust as needed.

Take a look behind the scenes with this story from IronPlanet EU about successfully navigating an equipment sales partnership based in Gabon, a small country on the west coast of Africa:

At our onsite and online unreserved auction on Wednesday, May 13, you'll be able to bid on hundreds of pieces of late-model, low-hour heavy equipment, including construction, pipeline, oil and gas, mining and agricultural equipment. Here are a handful of items that stand out:

2012 Komatsu PC490LC-10 Track Excavator

Lot #243; 3,990 hours. Features an enclosed cab, A/C and heater, control pattern changer, 11' stick, 36" track shoes, and a 66' tooth bucket.

Get the details on this Komatsu track excavator

This week in interesting industry headlines:

With Urban Water Use in California Cut, Agriculture Regulations Scrutinized [ABC News]

"Agricultural water use continues to be largely exempt from recent regulations, amid criticism from water experts and environmentalists." Read more

Puerto Rico is sowing a new generation of small farmers [NPR]

"Puerto Rico's government provided farmers some $13 million in subsidies in the past two years, paying for everything from equipment to hourly wages. Comas says it's creating jobs and bringing new income to the island's economy." Read more

Global oil prices are plummeting, causing the Canadian economy to struggle and the Canadian dollar to weaken. Today, 1 Canadian dollar translates to about 82 cents in U.S. currency. The trend seems to be holding for now. (Check today’s U.S./Canadian exchange rate here.)

While Canada works to diversify its economy away from oil and to recuperate in the short term from this heavy blow, the time is ripe for U.S. buyers to take advantage of the favorable exchange rate and get even better value on Canadian used heavy equipment in online auctions. 

 

 

 

 

PLEASANTON, Calif. – May 06, 2015395 lots featuring late-model, low-hour equipment from Cleveland Brothers, Laurita and more 

What: 

IronPlanet’s Cat Auction Services’ unreserved public auction will be hosted by Cleveland Brothers, onsite in Morgantown, WVand online at www.ironplanet.com and at www.catauctions.com. Items are available for preview onsite at the Mylan Park Lane location and online today.

PLEASANTON, Calif. – IronPlanet, the leading online marketplace for buying and selling used heavy equipment and trucks, today announced that Jeff Holmes has joined as vice president, Government Solutions. Holmes brings a unique background that combines his military service with a corporate career spent driving efficiency and growth through business and government partnerships.