Analysts at Kelley Blue Book reported that average values for one- to three-year-old pickup trucks have remained strong as a result of high demand at auction, despite fuel prices peaking in December 2016.
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.
The online used equipment marketplace IronPlanet has launched a new allEquip fixed and negotiated pricing format with a "Make Offer" feature.
Vancouver-based Ritchie Bros. Auctioneers has acquired online auctioneer IronPlanet of Pleasanton, Calif., for $758.5 million, the company announced.
IronPlanet will offer more than 250 pieces of heavy equipment on June 8 at the Cat Auction Services' online public auction based in St. Augustine, Fla.
IronPlanet has scheduled a live heavy equipment auction in its series of Spring 2016 Cat Auction Services live events for May 3 in Dallas-Fort Worth, Texas.
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.
IronPlanet sold more than 2,350 items for $93.8 million in gross merchandise volume (GMV) at its Cat Auction Services unreserved public auction in Kissimmee, Fla., last week.
IronPlanet has added a fifth day to a Cat Auction Services event in Kissimmee, Fla., that will feature more than 2,000 pieces of equipment offered for sale.
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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