IronPlanet planning UK auction

IronPlanet is holding a machine auction in the UK for Cat Auction Services. The event will be hosted by Finning UK & Ireland. The auction will take place on Tuesday 18th October at Rockingham Motor Speedway, Northamptonshire. The event is aimed at buyers of heavy used equipment from the UK and other international markets. The on-site auction event will also be supported by IronPlanet’s online marketplace, which allows bidders to participate online from anywhere across the globe.
October 6, 2016 Read time: 2 mins

714 IronPlanet is holding a machine auction in the UK for 2294 Cat Auction Services. The event will be hosted by 1413 Finning UK & Ireland. The auction will take place on Tuesday 18th October at Rockingham Motor Speedway, Northamptonshire. The event is aimed at buyers of heavy used equipment from the UK and other international markets. The on-site auction event will also be supported by IronPlanet’s online marketplace, which allows bidders to participate online from anywhere across the globe.

IronPlanet’s first UK auction in April attracted 17,580 prospective buyers both physically on-site and through IronPlanet’s online platform. All 176 items that were up for auction sold, generating around £4.9 million in gross merchandise volume.

Felipe Fernández-Urrutia Massó, vice president of European Sales at IronPlanet, said, “The success of our previous Rockingham auction was unquestionable, and reiterated what we already knew – that the demand for heavy used equipment – both in the UK and overseas – is steadily climbing. The pick up from the Spanish, German, Sweden and Irish markets in particular has continued to grow, and I am excited to see how this will translate for the upcoming auction this autumn.”

Each machine will be showcased on IronPlanet.com in advance of the October auction, and buyers who are unable to attend in person can bid online in real-time.

During the preview period before the auction, PriorityBids can be placed to give buyers a better chance of winning their items. Each unit will also be backed by IronPlanet’s equipment inspection certification and inspection reports, which detail the condition of the machine to its potential buyer.

Bidders will also be able to view detailed inspection reports ahead of the sale. For buyers unable to be physically present for this auction, there is the option to use IronPlanet’s new Livestream service. This allows buyers to both hear and see the auctioneer in real-time from anywhere in the world.

Finance & Funding

For more information on companies in this article

Related Content

  • IronPlanet’s online marketplace for used construction equipment
    April 19, 2013
    IronPlanet, a leading online auction marketplace for used construction and agricultural equipment, says it is getting close to one million registered users. The company currently has 915,000 registered users – with another 4,000-a-month said to be signing up for access to its regular online auctions.
    Read More
  • IronPlanet celebrates 14 years of online auctions
    March 28, 2014
    IronPlanet, the leading online marketplace for buying and selling used heavy equipment, is this week celebrating the 14th anniversary of its first auction. “We’re excited to celebrate 14 years of growth since our first online auction,” said Greg Owens, CEO, IronPlanet. “We have attracted more than one million registered users around the globe and sold more than US$3.5 billion of equipment over the Internet. Our success is based on our customers’ recognition that IronPlanet offers the industry’s most eff
    Read More
  • IronPlanet auction to feature machines from PON and Ramirent
    April 24, 2015
    Online auction house IronPlanet will auction 165 items of used machinery and parts from across Europe on April 29. A considerable number of machines from the Nordic region will be featured thanks to exclusive packages from PON, the official Caterpillar dealer in the Netherlands, Norway, Sweden and Denmark. Machinery from Ramirent, a general equipment rental company in the Nordic countries and in Central and Eastern Europe, will also be featured. Machinery will include excavators, compactors, combine har
    Read More
  • Bullish IronPlanet predicts strong sales for 2015
    February 19, 2015
    Auction operation IronPlanet says that 2014 has proved to be a strong year for its business development. The company has grown significantly since it began as an idea in a Harvard Business School working group, which suggested an online auction business to buy and sell machines. And six years from its move to expand into EMEA, the company says it has sold over US$ 3 billion worth of used equipment worldwide.
    Read More

Highlighted Content