IronPlanet team members David Tobon, Sue McGregor, Matt Bousky and Carson Ericsson attended the Specialized Carriers & Rigging Association (SC&RA) Annual Conference in Scottsdale, Ariz., April 2-6. The conference included more than 700 attendees, including crane and rigging operations owners, CEOs, senior managers and other industry leaders. IronPlanet team members enjoyed attending education sessions by well-known authors and speakers at the event, and networking with members of the SC&RA, customers and other industry partners.

IronPlanet®, a leading online marketplace for used heavy equipment, today celebrates the 13th anniversary of its first auction.

“We’re very excited to celebrate the 13 years of growth we’ve accomplished since our first auction,” said Greg Owens, CEO, IronPlanet. “Since 2000, more than 900,000 registered users around the world have joined IronPlanet, selling over $3 billion of equipment. We will continue to lead the way by providing the premier online-only marketplace for buyers and sellers of used equipment.”

“We met with other auction companies, but went with IronPlanet based on their price guarantee and flexibility with our timeline. IronPlanet’s team coordinated everything, liquidating our fleet of heavy equipment right from our lot. We were pleasantly surprised with the return we were able to receive on these assets and are already recommending IronPlanet to everyone we speak to.” - Susan Snochowski, Stacey Contracting, Inc.

Over time, construction professionals might find they have too many pieces of equipment in their possession. If this is the case, he or she should look into selling their items through IronPlanet. The online auction website accepts a variety of used construction equipment items ranging from aerial loaders to crawler tractors. One of the most popular items that are always found in IronPlanet's weekly auctions are compactors. IronPlanet accepts all types of used compactors ranging in different sizes, brands and capabilities.

On March 14, IronPlanet will be hosting one of its Featured Auctions, which will include more than 500 used construction equipment items. Individuals with an interest in purchasing a piece of equipment are able to place a Priority Bid on any of the items listed in the auction prior to it beginning. This may give potential buyers a better chance of winning an item over other bidders. If a person chooses to place a Priority Bid, IronPlanet will keep him or her up to date on their placement in the auction and whether or not someone has outbid them. Some of the items individuals can place bids on include used aerial work platforms, backhoe loaders, compact track loaders, excavators and crawler tractors.

Individuals who are interested in purchasing used construction equipment are now able to do it on the go. IronPlant developed its own mobile application that enables consumers to search for items by category, browse features of equipment, inspection reports, and photo galleries provided by the company's IronClad Assurance team, and upcoming Featured Auction dates. This application is especially beneficial for people who have placed their equipment in an auction or for those who are looking to purchase an item.

Buying used construction equipment online can be a simple, seamless process that could save your construction company a significant amount of money. If you're new to purchasing large pieces of equipment like backhoe loaders, boom trucks or excavators online, IronPlanet can help you through the process. Our IronClad Assurance also gives buyers extra confidence they are making a smart decision by purchasing through the online auction site.

This assurance guarantees that inspectors have personally viewed the items up for bid, conducting a visual inspection and making note of every detail of the equipment. Inspectors also take numerous pictures of the items, giving buyers the opportunity to view various details of the equipment. Inspection reports also offer an assessment of the item's true condition, giving bidders a fair representation of the equipment for sale.

On February 27 through March 1, IronPlanet will host its largest online auction of used construction equipment. With nearly 2,500 items, this Featured Auction will provide a wide variety to choose from.

Excavators
For those interested in purchasing used wheel and track excavators, there will be dozens available throughout the three-day event. The listings include a variety of of sizes and brands, such as a 2008 Caterpillar 301.6C Mini Excavator, which has a swing boom, 9-inch track belts, auxiliary hydraulic plumbing, and a 17.5-inch tooth bucket. In addition, there is a 2006 Case CX160 Track Excavator, which is equipped with heating and air conditioning, a control pattern changer, 23.5-inch track shoes, a 42-inch tooth bucket and an enclosed cab. Both of the excavators listed are backed by IronClad Assurance and include thorough inspection reports.

Recently named among the fastest-growing trade shows in the U.S. by Trade Show Executive magazine, The Rental Show returned to Las Vegas this year, February 10 – 13, at The Sands Expo and Convention Center. The trade show portion of the event has been sold out since November of last year, with over 250,000 square feet of exhibit space.

Informative seminars on customer service, business management and leadership began on Sunday, February 10, while the exhibit floor opened Monday. IronPlanet participated as an exhibitor and experts in heavy equipment and used equipment values were on hand to speak to thousands of show attendees.

Bank of London and The Middle East (BLME), an independent British, wholesale Sharia’a compliant bank, selected IronPlanet as its sole used equipment remarketing partner in 2008. The partnership with IronPlanet was a strategic decision that has generated successful results.
Selecting the Best Way to Remarket Machinery
When selecting the best way to remarket its used machinery and equipment, there were a number of factors that BLME had to consider carefully. First and foremost, the bank needed to ensure that it always got back what it put into a machine. “Residual value, the outstanding amount of money that is still invested in the asset, is our primary concern when remarketing used equipment. Of course, we need to guarantee that when a machine is remarketed we cover this, and make a profit too,” said Mark Jarvis, Senior Leasing Manager at BLME.