Its year-to-date performance of $334m is a 36% increase over the same period in 2008. In the third quarter, IronPlanet conducted 22 global auctions, up 38% from third quarter 2008. As well, 55% of items sold in its North American auctions, had bids from international bidders, and 25% of sold items, went to buyers outside the US.
In its third quarter, the company achieved other significant milestones. IronPlanet Canada expanded its sales team to increase coverage and customer service from coast to coast, IronPlanet Australia added John O’Sullivan to continue growth into Southeast Asia and in August, the company exceeded half a million users worldwide.
