IronPlanet Sells $99M in Gross Merchandising Volume

October 24, 2016 - Press Release

IronPlanet announced that it sold 9,890 items from auctions held in September and accumulated more than $99 million in GMV (Gross Merchandise Volume).

“September, 2016 was a record-breaking month, for the number of auctions that we held, the total number of bidders and buyers, as well as the total gross merchandise volume of over $99 million,” said Gregory J. Owens, IronPlanet chairman and CEO.

The 23 auctions in September garnered participation from nearly 6,000 global bidders attending the online and on-site events. Items that were sold included Humvees, classic cars, machinery, trucks, and tractor crawlers.

Oilfield equipment received the highest number of bids at 10,231. Other top bidding categories were Humvees, attachments, excavators, and tools.

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