J.M. Wood recently held a construction, truck, agricultural and forestry machine auction, at its headquarters in Montgomery, Ala., on Sept. 2 and 3. The auction featured equipment from Flint Equipment, the state of Alabama, Alabama counties and cities and numerous Cat dealers. Gross auction sales totaled more than $24 million, including more than $3 million in online sales.
Day one highlights included a group of 2015 Mack tri axle dump trucks with Allison automatic transmissions that brought from $150,000 to $160,000 as well as a show stopper 1928 Mack AB model dump that sold for $28,000 to a contractor in South Carolina.
"Prices seemed to be trending upward compared to earlier in the summer," said Bryant Wood, company president. " Contractors seemed to have an agenda and were spending money on all this late model equipment that was ready to go to work."
J.M. Wood's next auction will be Nov. 6 for the Alabama Department of Transportation in Montgomery, Ala.
