Australian buyers are enjoying the current strength of the local currency, which makes buying used equipment overseas a cost effective solution.
An online auction hosted by IronPlanet on 15 November attracted heavy equipment buyers from around the world, with a significant level of interest from the Australasian region.
The global audience of potential buyers included a significant number from Australia and New Zealand.
There were over 3460 views of the equipment listed in this auction from the Australasian region alone.
The inventory included over 600 items, which received on average of 17 bids each at a average purchase price of US$19,686.
The top seller of the day was a 2006 Volvo L220E wheel loader, which sold for US$ 238,000. The wheel loader attracted 39 bids, going to the highest bidder who was located in Maine.
Other equipment that sold well the online auction included 2006 Volvo A25D 6x6 articulated dump truck which sold for US$186,000.
An Australian-based buyer was the successful bidder for a 2007 Volvo EC360BLC track excavator which sold for US$185,000. Other top sellers were two Caterpillar D6R II XL track dozers which sold for US$180,000 and US$177,000 respectively.
Australian and New Zealand buyers made the most of the auction.
Successful bidders from the region also purchased a 2005 Caterpillar 613C elevating motor scraper for US$162,000, a 2006 Caterpillar 304CCR mini excavator at US$27,000, and three skid steer loaders ranging in price from US$11,000 to US12,000.
A number of other items including attachments and spare parts were also bought by the Australasian bidders.