IronPlanet Auction Sales Grow 42 Percent in 2007

Staff | September 28, 2010

IronPlanet, an online auction company for used construction and agricultural equipment, gained significant market momentum in 2007, with gross auction sales of $231 million, an increase of more than 42 percent over 2006. Fourth quarter gross auction sales totaled $84 million, up 75 percent over the third quarter and up 65 percent over the same period last year.

In 2007, IronPlanet strengthened its relationships with key OEM partners, dealers, contractors, rental companies and other equipment sellers, increasing the average auction size to more than $10 million in gross auction sales in the fourth quarter, an improvement of more than 50 percent over the same period last year.