AuctionTime.com ended 2023 on a spectacular note with a three-day auction event. That event alone exceeded $94.5 million in gross auction proceeds (GAP), easily surpassing 2022's year-end total by nearly $10 million. Over 6,000 assets were sold, with almost 14,200 unique bidders from all 50 states and 38 countries placing bids. AuctionTime also charted a record-breaking year, with over $1.3 billion in GAP in 2023.

The three-day auction event capped a series of five end-of-year auction sales topping $268.5 million in GAP. Weekly multi-day sales running November 29th through December 31st resulted in nearly 18,870 assets sold through the auction platform, including heavy machinery, farm equipment, trucks, and trailers. Roughly 30,500 unique bidders from every state and 57 countries placed bids.

"For the past couple of years, inventory levels have been rising across the board in the farm, construction, truck, and trailer markets," said AuctionTime Sales Manager Mitch Helman. "With the rising inventory levels, we continued to see the pressure put on prices throughout the year. Our successful year-end auction events showed how lucrative AuctionTime can be for sellers, even in volatile markets. The auctions also shattered previous records and set a new industry standard for year-end performance."