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

  • Bullish IronPlanet predicts strong sales for 2015
    January 6, 2017
    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
  • IronPlanet launches allEquip.com for ‘buy now’ construction equipment
    June 12, 2014
    IronPlanet, the leading online marketplace for buying and selling used heavy equipment, has launched allEquip.com, an online, ‘buy now’ marketplace of used construction equipment for sale at competitive prices. Greg Owens, CEO of IronPlanet, said, “With a wide selection of equipment, buyers can purchase equipment online today and every day at competitive prices with confidence knowing the equipment was inspected and guaranteed. We are committed to making the buying and selling of equipment faster and easie
    Read More
  • IronPlanet sells US$26.8mn of used heavy equipment at latest global auction
    February 10, 2014
    IronPlanet, a leading online marketplace for used heavy equipment, has made a strong start to 2014, selling US$26.8 million in used heavy equipment and trucks during a global auction event held 28-31 January. The four-day auction included equipment listed in the US, Canada, Mexico and Europe. In total, 1,795 items were sold to over 1,000 buyers. Strong demand in the market was demonstrated by online bids placed from 78 different countries as well as from every US state and all 10 Canadian provinces.
    Read More
  • IronPlanet acquires Kruse Energy and Equipment Auctioneers
    November 7, 2014
    IronPlanet, a US-based on online marketplace for buying and selling used heavy equipment, has acquired Kruse Energy and Equipment Auctioneers for an undisclosed sum. Kruse is based in Odessa, Texas, and Oklahoma City and focuses on oilfield equipment. It conducts auctions in the United States and Canada. Kruse has conducted more than 90% of the energy auctions in the United States in the past 25 years. Kruse will operate as a wholly-owned subsidiary of IronPlanet, maintaining its brand and employees. Co-
    Read More

Highlighted Content