Iron Planet Surpasses $500 Million in Auction Sales

August 16, 2006 • IronPlanet, Pleasanton, Calif., the third-largest heavy equipment auction company in North America, has surpassed $500 million gross auction sales.

 “With auctions every two weeks, IronPlanet enables its sellers to better manage inventory while getting excellent prices and also incurring lower costs,” said Rob Alleger, IronPlanet's CEO. “Things are falling into place.”

Each auction in the first six months of 2006 averaged $6 million gross auction sales, a 70% increase over the average auction sale for the first half of 2005. For the quarter ended June 30, 2006, IronPlanet realized over 15% return on revenue, the most profitable quarter in the company's history.

If you are interested in buying or selling used equipment, go to http://www.ironplanet.com.