Temps, Prices Soar at J.M. Wood’s Annual Summer Sale

(L-R): On day two, the construction equipment sale day, Tim Thomas, Tractor & Equipment Co., Birmingham, Ala.; Jesus Ramirez, Gibbs & Sons Machinery, Gadsden, Ala.; and Jeremy Tolbert, Tractor & Equipment Co., talk about the machines that are about to go

J.M. Wood held its 37th Annual Summer Auction June 9 to 11 in Montgomery, Ala. More than 1,400 registered bidders vied for nearly 2,000 lots of equipment, much it from Alabama and Georgia counties, McInnis Bridge and Smurfitt Stone Corporation.

Highlights of the auction included 45 2010 to 2008 Mack and Pete dumps, a fleet of three-year-old county-owned Caterpillar machines and a 2006 Cat D6R with only 114 hours that brought $190,000.

“There was a strong global presence in attendance at the auction, a trend that has been increasing over the last six months,” said J.M. Wood Vice President Bryant Wood. “These international buyers wanted to come and be on the grounds at the auction so they can make better buying decisions rather than bidding on a computer. When you can put together a good selection at one location for the international buyer, they will come.”

J.M. Wood has several upcoming auctions across the Southeast.

Visit JMWood.com for more information.