CAT Auction sold more than $5.4 Million of Equipment at October 27 Auction in Baytown, Texas

Bidders across the country and around the world registered to participate on-site and online at http://www.catauctions.com/ to compete for nearly 300 lots.

The Auction featured a range of quality iron from a variety of manufacturers – from Cat and Volvo to Terex and Case, among others.

Cat Auction Services President Rick Albin said, “We were very pleased with the results of the Houston auction. We achieved our targeted revenue, and sold nearly 44% of volume via the internet.”

Albin went on to note that, “Our buyer-be-informed approach – as exhibited through the availability of TA1-level inspection reports – continues to lead to strong buyer confidence.”

Once again, the unique auction-theater setup and innovative Leaderboard® display drew rave reviews from on-site participants, while more than two-thirds of the total bidders participated remotely via the company’s online bidding tool. Albin noted the importance of continuing to achieve this balance of on-site and online participation as the company prepares for the upcoming Twin Cities auction.

Cat Auction Services next heads to the Ziegler CAT facility in Columbus, MN, for a December 1 auction featuring a complete dispersal for Nyen Excavating, Inc. Online bidding and more information is available at http://www.catauctions.com/.

Cat Auction Services entered the heavy equipment auction arena in late 2008 and has been active across the country. Reaction from all corners has been positive, and the auctions have drawn buyers from 49 states and nearly three dozen countries.

By conducting auctions that provide value to both the 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. The addition of a proprietary auction arm to the portfolio of services available to Cat customers and others in the heavy equipment industry builds upon the company’s existing customer loyalty. More information about the company can be found at http://www.catauctions.com/.