IronPlanet launches online government surplus marketplace

US-based online equipment auction site IronPlanet has introduced a new website for buying and selling used government assets including trucks, trailers, generators, wheeled loaders, cranes and dozers.

The company, which claimed it had over one million registered users, said GovPlanet would be the primary marketplace for the sale of US Department of Defense (DoD) rolling stock surplus assets.

IronPlanet chairman and CEO Gregory Owens said, “GovPlanet is a compelling new platform for fast and efficient disposal of government surplus equipment that we believe will transform the way assets have traditionally been sold in this market.

“We look forward to working with the DoD and other public sector entities as we grow GovPlanet.”

The company added that GovPlanet’s first online auction would be on 19 November, 2014. It said tnterested buyers could go to www.GovPlanet.com to sign up for inventory updates leading up to the inaugural sale.