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Auctions

IronPlanet Announces Cat Auction in Houston

IronPlanet, an online marketplace for selling and buying used equipment and other durable assets, rolls in to the Houston area on Feb. 1 for its first major Cat Auction Services Unreserved Public Auction of the of the year.

Ritchie Bros. Acquires IronPlanet

Vancouver-based Ritchie Bros. Auctioneers has acquired online auctioneer IronPlanet of Pleasanton, Calif., for $758.5 million, the company announced.

IronPlanet Announces First Spring Auction

IronPlanet's first spring auction will take place on March 23 in St. Cloud, Minn. This Midwest auction is the first of five major onsite events this spring across the U.S., Canada, and the U.K.

Cars Depreciate 18.2% in 2015, Trucks Stay Hot

The wholesale used-vehicle market finished 2015 stronger than expected with an average 13.2% depreciation rate for used vehicles two to six years old and trucks retaining their value 9% better than passenger cars on average.

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