First IronPlanet/Cat Auction Sale Moves $48 Million in Equipment

The first joint auction conducted by IronPlanet and Cat Auction Services was more than two and a half times larger than Cat Auction Services' largest previous Florida auction. The live, unreserved public auction in Kissimmee, FL, moved 1,430 pieces of used heavy equipment and trucks for $48.1 million.

The sale February 11 through 13 showcased equipment from 131 sellers, including 25 Cat dealers. More than 21,000 people from 132 countries attended the auction, either onsite or online.


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Courtesy of ForConstructionPros.com

 
 

Construction Optimism Quotient Hits Record High for 2015

Construction contractors and equipment distributors have continued optimism about local, nonresidential construction activity in 2015 and expect a strong rental market and increasing equipment acquisitions, according to a survey from Wells Fargo Equipment Finance.

The survey's primary benchmark for measuring construction industry contractor and equipment distributor sentiment is the Optimism Quotient (OQ). The OQ reached an historic high of 130, up six points from 124 in 2014 and up considerably from the survey low of 42 in 2009. This reading is a strong indication that construction contractors and equipment distributors are optimistic that local nonresidential construction activity will improve in 2015 compared with 2014.


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Courtesy of constructionequipment.com

 

Featured Equipment of the Month

2008 BOBCAT 331


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2008 KUBOTA
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2011 ALUMA MC210


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ATP Equipment Exchange
303 Mound Rd.
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2011 GENIE GS3232


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