J.M. Wood Boasts More Than $24M for Recent Auction

The auction featured equipment from Flint Equipment, the state of Alabama, Alabama counties and cities and numerous Cat dealers.

📅   Tue September 15, 2015 - Southeast Edition
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Ken Geiger of Trax Trading Company, Atlanta, Ga., tests this Hitachi ZAXIS 200LC.
Ken Geiger of Trax Trading Company, Atlanta, Ga., tests this Hitachi ZAXIS 200LC.
Ken Geiger of Trax Trading Company, Atlanta, Ga., tests this Hitachi ZAXIS 200LC. (L-R): Chris and Chad Burks and Jeremy Sams, all of Burks Construction, Cullman, Ala., look for mini-excavators for their company’s equipment needs. (L-R): Tyler Clark of Clark Equipment, Crossville, Tenn.; Joey Fowler transport pilot, Clark Equipment; and Rob Oakley, Oakley Equipment, Cookeville, Tenn., look over some of the Cat 320DLs including a 2009 model with only 369 hours on it. Jimmy O’Brien (L) and Jeffrey DeFazio of Big Iron Scrap Metal, Fort Walton Beach, Fla., test the hydraulics on a Hitachi 200 excavator. Jacob Meigs (L) and Rick Sims, both of Industrial Service & Supply based in Valley, Ala., inspect the power plant of one of the larger excavators in the auction. Father and son team, Zachery (L) and Autrey Burns of Burns Construction, Attalla, Ala., talk about bidding on a Cat D6R XL of interest. Chris Simmons (L) of Simmons Erosion Control, Lake, Miss., and Mike Ashley of Ashley Transport, Raleigh, Miss., attend the sale. A pair of JCB 426zx wheel loaders reaches a final bid of $64,000. J.M. Wood’s Rick Murphy ushers in a 1928 Mack AB model truck.

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.