IronPlanet™ Surpasses $600 Million in 2006
IronPlanet, an online auction house for used construction equipment and trucks, finished the fiscal year by passing $600 million in recorded public transactions since its first auction in April 2000.
Last year, IronPlanet held 27 online auctions that resulted in more than $163.5 million in gross sales, a growth of more than 30 percent over the previous year. The largest auction of 2006 was held Dec. 14, accounting for nearly $11.4 million in equipment and truck sales.
"Last year was our most profitable year since inception," said Robert Alleger, CEO of IronPlanet. "Our IronClad Assurance™ continues to lead the way as the only equipment guarantee of its kind, strengthening our relationships with customers, investors and equipment manufacturers."
IronPlanet added more than 70,000 registered bidders in 2006, and increased the number of total auction bidders by more than 40 percent.
For more information on IronPlanet online auctions, please visit www.ironplanet.com.
About the Author
IronPlanet, Inc. is a full service heavy equipment marketplace and auction offering used construction equipment online. Visit www.ironplanet.com to learn more.