IronPlanet Closes Strong Third Quarter

Thu November 01, 2007 - National Edition

IronPlanet announced third quarter gross auction sales of $47 million. In total, IronPlanet auction participants have bought and sold nearly $153 million of equipment since Jan. 1, a growth of 30 percent over the same period last year.

“IronPlanet is the leading marketplace for used heavy equipment and we remain on track for another record breaking year,” said IronPlanet CEO Greg Owens.

“IronPlanet continues to focus on what is most important to our customers — faster time to market, better prices through a global audience, the industry’s lowest selling costs and IronPlanet’s guaranteed inspection reports.”

During the third quarter IronPlanet averaged a global audience of more than 7,000 visitors per auction.

Bringing a worldwide audience of buyers to every auction has helped IronPlanet maintain strong growth in its seller community as well. In the third quarter, 30 percent of sellers were using IronPlanet for the first time.