19.01.2010

IronPlanet reports record growth

Online equipment auction company IronPlanet has reported gross equipment sales of $458 million (£281 million), an increase of 34 percent over 2008. Fourth-quarter sales totalled $124 million (£76 million), up 29 percent over the same period last year.

“I am very pleased with our performance in 2009 and the significant progress we continue to make in building the world’s largest online marketplace for used equipment,” said Gregory J. Owens, chairman and CEO of IronPlanet.

“We continue to focus and respond to what is most important to our sellers and buyers: we increased the frequency of our auctions to a weekly level in North America; we launched our marketplace in Europe and expanded in Australia/Southeast Asia conducting monthly auctions in both regions.”

In 2009, IronPlanet conducted a record 79 auctions across North America, Europe and Australia; (40 percent more than 2008) selling about 30,000 items (up 65 percent over 2008).