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Contractors Confident at J.M. Wood Auction

Fri March 18, 2011 - Southeast Edition
Construction Equipment Guide

Nearly 2,000 lots of heavy equipment and trucks were sold to the highest bidder at J.M. Wood Auction’s 38th annual spring auction at its Montgomery, Ala., headquarters. Record numbers of international bidders were in attendance on March 2 through 4 to compete with domestic bidders on an impressive lineup of equipment and trucks on display. Featured in this auction were 15 2008 Cat 140M motorgraders, numerous Cat 420E backhoes and 70 2011-2008 Mack GU 713 dumps from Alabama counties as well as equipment from 425 other consignors.

“We really appreciate the confidence our sellers have in us,” said company Vice President Bryant Wood. “This Montgomery Auction has gained the reputation for reaching the global marketplace. Nearly a third of all the construction equipment we sold will leave the United States. The Middle East and Asia were extremely active at this auction. But what surprised us the most was the domestic activity. Contractors are getting more work and need to update their fleets. They’re confident about the work they have and more optimistic than they have been in the past 36 months.”

Also featured in this auction were more than 220 machines and trucks from two of Alabama’s oldest road building firms, including Temco Construction.

“Temco was an absolute pleasure to work for.” said Wood. “The owners decided to retire this year and we met with them back in early January and came up with a game plan to handle all the equipment they had. Temco had an excellent maintenance program in place and by the time their equipment rolled across the block, it brought top dollar. Walter and the whole staff at Temco will never know how much we appreciate the confidence they showed in us.”

J.M. Wood Auction will conduct its next auction on April 21, at its permanent facility in Columbia, S.C.

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