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Tag: Cat Auction Services
Dealers
Rouse: With Ritchie Bros. auction, market showing increased appetite for used equipment
With the blockbuster Ritchie Bros. Orlando auction now in the rearview mirror, Rouse Services outlined several “notable takeaways” from the sale in the cover letter to its February Equipment Report: On average, the total Ritchie sale across all types of equipment was 5 percent above the Rouse Forced Liquidation Value (FLV) benchmark as of Jan. […]
March 19, 2018
Dealers
Equipment haul matching startup VeriTread secures $2.5 million investment from Sumitomo
VeriTread, The Heavy-Haul Marketplace, a Florida-based startup that connects construction equipment owners with hauling services online, has received a $2.5 million infusion from Sumitomo Corporation of Americas. SCOA, along with Sumitomo Corporation, will receive an undisclosed ownership stake in VeriTread in exchange for the allocation, VeriTread said in a news release. “SCOA has been a […]
September 22, 2017
Dealers
IronPlanet intros LiveStream online bidding for on-site auctions
To complement on-site auctions the company added through a merger with Cat Auction Services last year, online equipment auctioneer IronPlanet is introducing what it calls LiveStream bidding. The feature allows bidders to log into IronPlanet and bid alongside on-site auction customers in real time. The announcement comes just more than a week after Ritchie Bros […]
September 8, 2016
Business
Finning teams up with IronPlanet to sell used Cat equipment globally
Are you not finding the deals you want in your part of the country for good used equipment? Maybe it’s time to look further. Two of the biggest players in the heavy equipment industry inked a deal this week to bring a global presence to the auction market.The largest Caterpillar dealer in the world, Vancouver, […]
August 28, 2015
Business
IronPlanet, Cat Auction Services complete merger
With the addition of access to late model, low-hour Caterpillar equipment, IronPlanet chairman and CEO Greg Owens said his company’s merger with Cat Auction Services will “drive value and services to all of our buyers and sellers.” The merger, announced in December, was completed April 2. “I am confident that our marketplace offerings will enable our […]
April 3, 2015
Construction Equipment
IronPlanet, Cat Auction Services hold joint auction while awaiting merger; discuss initial moves into market
Still awaiting the completion of its merger announced in December, IronPlanet and Cat Auction Services held their first joint live auction last week in Kissimmee, Florida. We sat down with Jeff Jeter, president of the Americas for IronPlanet to go over how IronPlanet envisions this pending merger moving forward. “Because the deal is not closed […]
February 15, 2015
Business
Antitrust suit alleges Caterpillar, Komatsu and Volvo conspired to bar Chinese construction equipment from U.S. market
International Construction Products has filed an antitrust lawsuit against the three biggest names in construction equipment, accusing them of colluding to limit competition in the U.S. The suit was filed this morning in a U.S. District Court in Wilmington, Delaware, and names Caterpillar, Komatsu America and Volvo Construction Equipment North America as defendants. The suit alleges […]
January 29, 2015
Business
IronPlanet and Cat Auction Services announce merger
Online equipment marketplace IronPlanet and the Caterpillar dealer channel for used equipment sales, Cat Auction Services, have announced a merger. The two companies promise a “unique auction experience, backed by technology.” The merger looks to be a move by IronPlanet to incorporate onsite auctions into its currently online-only format and caps off a pretty big […]
December 22, 2014
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Quick Data: Trenchers
A snapshot of new and used sales trends from Randall-Reilly’s Equipment Data Associates and TopBid auction price service.
December 1, 2012
Construction Equipment
Quick Data
GRADERS  A snapshot of new and used sales trends from Randall-Reilly’s Equipment Data Associates and TopBid auction price service.  By Marcia Gruver Doyle              $330,000 Top auction price, May 2011 to May 2012, paid for a 2008 Caterpillar 14M at a […]
August 6, 2012
Construction Equipment
Quick Data
Wheel Loaders A snapshot of new and used sales trends from Randall-Reilly’s Equipment Data Associates and TopBid auction price service. By Marcia Gruver Doyle  AUCTIONS    $435,000 Top auction price, Feb. 2011 to Feb. 2012, paid for a 2008 Caterpillar 988H at a Ritchie Bros. Auctioneers auction on Oct. 27, 2011. Other […]
April 30, 2012
Business
Reporter
New Kohler diesel engines bypass DPF solution Applying “tried-and-true technologies from the on-road diesel marketplace,” Kohler and sister engine brand Lombardini have developed a new family of Tier 4 Final emissions-compliant power solutions that avoid the use of particulate filters. The result will be a compact engine built without the additional bulk required for a […]
December 9, 2011
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