Industry Press Releases

GovPlanet’s Inaugural Auction Reaches Buyers in 16 Countries and 27 States

Tuesday, Nov 25, 2014
Pressreleases

PLEASANTON, Calif.--(BUSINESS WIRE)-- GovPlanet℠, an online marketplace dedicated to buying and selling used government assets, sold 158 inspected items from U.S. Department of Defense (DoD) surplus rolling stock at its first online auction held on November 19 at GovPlanet.com.

“The success of our inaugural GovPlanet sale demonstrates the power of our global online marketplace and ability to deliver results for the government sector,” said Gregory J. Owens, Chairman and CEO of parent company IronPlanet. “Our Internet model and exclusive guaranteed inspection reports deliver a more efficient and profitable way for the U.S. Defense Logistics Agency and other government agencies to manage their surplus assets.”

Vice Admiral Mark Harnitchek, Director, Defense Logistics Agency (DLA), Mr. Michael Cannon, Director, DLA Disposition Services, and other staff members met with the IronPlanet management team and toured the company’s headquarters in Pleasanton, Calif. on auction day.

"We are extremely pleased that the first auction under the new contract for sale of usable rolling stock yielded such positive results,” Mr. Cannon said. “DLA's intent when we worked up the new contract was better stewardship and using sales revenue to lower the cost of logistics for the armed forces – and that means fewer tax dollars are needed."

Cannon also expressed appreciation for the proficiency and professionalism of the IronPlanet staff and members of the DLA Disposition Services team who worked to get the new contract underway.

GovPlanet.com’s inaugural auction included cargo trucks, tractor trucks, utility trailers, forklifts, construction equipment, and other types of rolling stock from 16 DLA sites across the country. Approximately half of the items received international bids, with international bidders from 16 countries, including the UAE and the Philippines. For example:

  • A 1995 Southwest Mobile Systems M1000 Five/Axle Equipment Trailer located in Texas, drew 23 bidders from across the U.S., Mexico, and the Philippines with the winning bid of $80,500 from a bidder in Nevada.
  • A Caterpillar D7G Crawler Tractor located in Georgia, drew 16 bidders from six countries, with the highest bid of $61,000 from a bidder in Ecuador.

GovPlanet.com will have more than 1,000 items for sale in its December auctions scheduled on the 3rd, 10th, and 17th of the month. Inventory may be viewed two weeks in advance of each auction. Every item on GovPlanet includes an inspection report with a thorough description of the equipment’s condition and features and photos. These reports are backed by IronPlanet’s exclusive IronClad Assurance® buyer protection program, which guarantees the report is an accurate description of the item’s condition.

GovPlanet’s marketplace, GovPlanet.com, is built on IronPlanet’s proprietary technology, which offers sellers the ability to maximize revenue through various remarketing channels, including online auctions, while giving buyers the most efficient connection to inventories globally. Buyers and sellers can manage their fleet assets more cost effectively and efficiently than traditional physical auctions, and on their own timelines.

GovPlanet is part of the IronPlanet family of sites which includes IronPlanet®, GovPlanet℠, TruckPlanet®, allEquip℠ and Asset Appraisal Services℠. For more information, visit www.govplanet.com. IronPlanet was awarded the U.S. Defense Logistics Agency (DLA) contract to manage and sell rolling stock surplus assets of the U.S. Department of Defense (Surplus Contract) on July 25, 2014.

About IronPlanet

IronPlanet is the leading online marketplace for used heavy equipment. Since 2000, IronPlanet has sold nearly $4 billion of used equipment online and has built a database of more than one million registered users worldwide. IronPlanet connects buyers and sellers of used equipment with its exclusive IronClad Assurance® buyer protection program and family of sites including IronPlanet®, GovPlanet℠, TruckPlanet®, allEquip℠ and Asset Appraisal Services℠. For more information, visit www.ironplanet.com.