IronPlanet posted record sales in the second quarter of 2008 with gross auction sales of $91.3 million. This is a 37 percent increase over the gross auction sales over the second quarter of 2007 for the company and a 17 percent growth over the first quarter of 2008. IronPlanet’s year-to-date performance is $168.9 million, a 70 percent improvement over the same period in 2007.
In the second quarter, IronPlanet drew an average of 14,000 visitors per auction, an increase of 35 percent over the second quarter of 2007. In addition, 31 percent of all equipment sold in IronPlanet auctions during the second quarter was purchased by international buyers, compared to 20 percent in the second quarter of 2007.