MANAGING PUBLIC SECTOR VEHICLES & EQUIPMENT
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.
A recent Monmouth County (N.J.) surplus auction generated $180,736 for the sale of 259 items, including 89 vehicles. The county has been exclusively conducting online auctions since 2008.
Used vehicles sold at auction declined 1.5% in value in September — a depreciation pace relatively unchanged from August — in a month that saw relative strength in some truck segments and compact cars continue their slide, according to Black Book.
IronPlanet, an online marketplace for buying and selling used heavy equipment and trucks, will hold its end-of-quarter auctions across its online marketplaces from September 22-25, 2015.
The Pike County (Ohio) Sheriff's Office has purchased a fleet of all-wheel-drive patrol vehicles to replace aging cruisers that have been removed from service and sold at auction.
The average price of a used vehicle fell 1.2 percent in February as colder weather brought strength to SUV segments for the month, according to Black Book.
The City of Detroit is selling off more than 450 surplus vehicles through a two day auction in November.