Cat Auction Services Announces First eQuipment Yard Sale of 2012

EAGAN, Minn., March 7, 2012 /PRNewswire/ -- Cat Auction Services has recently announced that eQuipment Yard, their online-only timed auction service will make its 2012 debut on March 21 at 9 a.m. Central time with bidding available beginning on March 16. Cat Auction Services developed its eQuipment Yard timed auction platform to complement its live auction format and extend the company's goal of providing consignors and buyers alike with the most powerful and complete suite of auction tools in the industry. Registration for the auction is available online at catauctions.proxibid.com.

Like its live auction counterpart, eQuipment Yard auctions are unreserved and feature a broad assortment of heavy equipment from a number of manufacturers, including a 2008 Caterpillar 320DL RR and a 2008 Caterpillar D6N LGP. Bidding opens on March 16, so you are invited to register early, view detailed TA-1 level inspection reports and place pre-bids online prior to the event. Lots will begin to close at 9 a.m. on March 21.

In addition to detailed inspection reports and abundant photos/videos of the equipment, Cat Auction Services gives buyers access to parts and service, financing, insurance options and Equipment Protection Plans on qualified equipment. For consignors, eQuipment Yard means the ability to move equipment more quickly and add it to a global inventory viewed by a global audience.

After a very successful launch in December, Cat Auction Services is excited to offer monthly eQuipment Yard timed sales beginning in March, and through the rest of 2012. Cat Auction Services' President Rick Albin said, "We're extremely pleased with the results of our first eQuipment Yard auction. The sales total significantly exceeded our projections, and the impressive participant traffic on our website shows that bidders value our TA-1 inspection reports, the equipment videos and other in-depth information we have available. It's further evidence that our buyer-be-informed approach is resonating with our customers."

Cat Auction Services entered the heavy equipment auction arena in 2008. By conducting auctions that provide value to both buyers and sellers, Cat Auction Services complements and enhances the relationship between Cat Dealers and their customers. Cat Auction Services was formed through a unique partnership of Cat Dealers with the endorsement of Caterpillar, Inc.

More information about eQuipment Yard and Cat Auctions Services' live auctions can be found at www.catauctions.com.

SOURCE Cat Auction Services