25.05.2009

New records for IronPlanet

IronPlanet the online auction company has reported record first quarter revenues of $91.3 million a 26 percent increase on the same period last year.

Registrations to IronPlanet’s online auction marketplace continued on a record pace in the first quarter reaching almost 10,000 registrations a month, up 15 percent over the first quarter 2008.

IronPlanet also drew a record number of visitors to its auctions in the first quarter, averaging over 15,000 per auction.

Gregory J. Owens, IronPlanet’s chief executive said: “IronPlanet’s continuing record-breaking performance is a direct reflection of the value that our used equipment marketplace continues to deliver to our sellers and buyers, Companies looking to dispose of inventory and reduce their equipment fleets are increasingly turning to IronPlanet in recognition of our global buyer base and our ability to obtain strong price performance.”

“While I am very pleased with our first quarter performance, I am equally encouraged with our prospects over the balance of 2009 as we continue our share gains across all customer segments and geographies,” adds Owens. “Our continued global expansion this year provides equipment sellers around the world a unique and unmatched opportunity based on our proven business model”