AuctionTime.com Sells Record $623MM in Equipment in 2017
JAN 5, 2018 - 6:16 am
AuctionTime.com set a record in gross auction proceeds, selling more than $623 million in equipment, more than 76,300 assets sold to more than 2,600 sellers in 2017.
The online-only auction platform, which focuses primarily on construction and agriculture equipment, commercial trucks and trailers, is a product of Sandhills Publishing—the Nebraska-based company behind Machinery Trader, TractorHouse, Truck Paper and RentalYard.
Since its launch in 2010, AuctionTime has seen a steady increase in the volume of equipment moving through the website in its weekly timed auctions. In December of 2017 alone, the platform sold over $109 million (GAP) in equipment over four straight multi-day sales to cap a record-breaking year.
“The 2018 forecast for AuctionTime shows even more opportunity for both small- and large-scale auctioneers, especially in the way of consignments,” said Sandhills’ Director of New Products Evan Welch. “As the number of buyers and sellers participating in our weekly auctions continues to rise, we’ve seen a substantial increase in demand among dealers, manufacturers, and end users looking to consign equipment through AuctionTime.com. With the high rate of growth, we are in search of more quality auctioneers eager to leverage the reach and utility of this powerful platform to sell equipment worldwide in the year ahead.”
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