“Our growth both geographically and through our product offerings underscores the success of GovPlanet in just two short years,” said Jeff Holmes, senior vice president, Government Solutions and Auction Management, IronPlanet. “Since launching in November 2014 and selling the very first Humvee in a public auction with more than 100,000 attendees online that day, to where we are today selling construction equipment, trucks, pump and power gear, and other surplus items with remaining useful life to our 1.5 million registered users around the world is truly rewarding.
“With our technology we have proven that we can sell equipment in half the time of traditional options for three-times the return in most cases. That is money that goes into reducing government expenditures in the future and essentially back into tax payers’ pockets,” Holmes continued.
GovPlanet is returning this year and will be showcasing its innovative technology at the Association of the United States Army’s (AUSA) Annual Meeting & Exposition, October 3 - 5, 2016, at the Walter E. Washington Convention Center in Washington, D.C. GovPlanet will be located in Hall D/E, Booth #8230.
Online. Every Week. GovPlanet sells between 350 and 400 items per week, to buyers in the U.S. and internationally. Equipment is used, but many machines, like construction equipment can be very low-hour, whereas, with Humvees and trucks, like Stewart & Stevenson LMTV’s condition can vary, which is reflected in their descriptions.
Top Selling Equipment. GovPlanet has sold nearly 5,000 Humvees for more than $40 million in gross merchandise value, and more than 3,500 cargo trucks. In addition to the DLA, GovPlanet has sold equipment for the U.S. Marine Corps and NAVFAC, among other municipal sellers. Top five sellers by value and type since GovPlanet’s November 2014 launch are:
Proven Inspections. Equipment sold on GovPlanet is inspected by a professional and comes with IronPlanet’s IronClad Assurance equipment condition certifications, which mean bidders can buy with confidence knowing that what they bought online is what shows up on their lot, in the condition described.
2015 – 2016 GovPlanet Milestones
- DLA Exercised first of four extensions on IronPlanet’s exclusive surplus rolling stock contract. On August 8, 2016, IronPlanet announced that the U.S. Department of Defense’s Defense Logistics Agency (DLA) had executed its option to extend its Commercial Venture 4-Rolling Stock (CVR-4) contract. This is the first of four one-year extensions and comes after a successful launch and two-year partnership that has returned three-times prior proceeds to the DOD.
- Launched GovPlanet EU. After one year of successful DLA equipment auctions in Europe, GovPlanet EU was formally launched at DVD2016 in the U.K. in early September 2016. GovPlanet EU recently won its first local government contract with the Fife Council, and is working closely with the Ministry of Defense and emergency services to help modernize their approach to equipment disposals. David Shouesmith, retired major-general, British Army, and former PwC Senior Director, joined IronPlanet earlier this year to lead the European expansion of GovPlanet EU.
- Launched GovPlanet DirectSM, a new self-listing service. As part of its marketplace serving all public entities, GovPlanet extended IronPlanet’s technology platform to include a do-it-yourself component, GovPlanet Direct, so that sellers can dispose of all equipment on one online marketplace. This is especially relevant for state and local governments who turn all types of equipment frequently.
- IronPlanet named an NJPA Contract Award Vendor. In June, IronPlanet was awarded a National Joint Powers Alliance (NJPA) contract for procurement of “Surplus Auction Services with Related Solutions.” This award allows NJPA’s 50,000 member agencies to procure GovPlanet’s disposition services on pre-established terms.