IronPlanet, an online auction company for used construction and agricultural equipment, posted record sales in second quarter 2009, with gross auction sales of $120 million—an increase of 31% over the second quarter of 2008.
This year’s second quarter represents a 31% growth over the first quarter of 2009. The company’s year-to-date performance of $211 million is a 25% increase over the same period in 2008.
In the second quarter, IronPlanet conducted 20 auctions across North America, Europe and Australia. IronPlanet sold more than 8,300 lots in the second quarter — up 85% over the same period in 2008. In addition, 53% of the items sold in IronPlanet North American auctions had bid participation from buyers outside of the United States through its broad global buyer reach.