When looking to buy or sell a piece of construction equipment, options are often limited. There are a few big auction houses, a handful of websites and a local network of dealers, contractors and rental houses that might be interested. Online auction houses and equipment listing websites can provide other venues, but many don’t provide the tools for transactions, only connecting buyers and sellers of machines.
“Equipment is difficult,” says Mitchell Goldstein, founder and CEO of eqhq, a new equipment online marketplace that came out of beta testing into full public usage on Sept. 9. “Other industries have used data to move forward, but equipment is a bit of a dinosaur.”