AllSurplus.com Launches July Sales Event for Heavy Equipment Assets

Rhea-AI Summary

Liquidity Services (NASDAQ: LQDT) announces significant growth in its AllSurplus marketplace, particularly in the heavy equipment sales channel, showcasing over 100 assets available for bid in July 2020. The monthly sales event features popular equipment like excavators and trucks, with bidding open until July 29. Michael Smith, senior director, emphasized this event as their largest to date. AllSurplus aims to simplify the purchasing process for buyers, offering lower costs compared to new equipment. Currently, the platform has over 13,000 assets for sale across various sectors.

Positive

• Significant growth in heavy equipment sales channel.
• Largest monthly sales event to date with over 100 assets.
• Opportunity for buyers to acquire used equipment at lower costs.

Negative

• None.

BETHESDA, Md., July 15, 2020 (GLOBE NEWSWIRE) -- Based on its strong results, AllSurplus, a Liquidity Services (NASDAQ: LQDT) marketplace, is quickly growing its heavy equipment sales channel and is currently featuring over 100 assets up for bid in its monthly heavy equipment sales event in July. Buyers can access used equipment such as excavators, cranes, lift equipment, welders, compressors, extended cab pickup trucks, day cab truck tractors and other assets. Interested buyers can bid on assets now through July 29, 2020.

“Our monthly sales events provide a consistent opportunity for buyers to find and bid on previously owned heavy equipment and fleet assets,” said Michael Smith, senior director heavy equipment sales for Liquidity Services. “Our July event is our largest heavy equipment sales event to date and, as we continue to grow, the AllSurplus marketplace makes it simple for buyers to find the full range of assets they need at lower upfront costs than purchasing new.”

Featured assets include:

• Four John Deere Hydraulic Excavators, model years 2017 and 2018, with low operating hours and inspection reports available.
• Over 60 fleet assets including sleeper truck tractors, crew cab pickup trucks, trailers, vans, forklifts and salvage vehicles.
• Three 2009 Freightliner M2 Day Cab Truck Tractors located in Slema, TX.
• Lift Equipment including five forklifts such as a 2014 Genie Telescopic Forklift, five boom lifts such as a 2014 Genie S125, and four scissor lifts such as a 2015 Genie Rough Terrain Scissorlift.

Interested buyers can register and bid on assets for the July Heavy Equipment and Construction Fleet sale through the www.AllSurplus.com marketplace. For further questions on buying assets for sale or selling equipment in a future event, please contact our heavy equipment sales team at heavy.equipment@liquidityservices.com or 832-622-0133.

AllSurplus continues to deliver strong results for sellers and currently has over 13,000 assets for sale, including construction, mining, energy and farming equipment from leading manufacturers, including dozers, excavators, backhoes, loaders, trenchers, skid steers and buckets. Detailed asset descriptions, photographs and inspection reports are available through the listing pages for each asset.

AllSurplus is Liquidity Services’ newest online marketplace for business surplus, ranging from heavy equipment to transportation assets and industrial machinery. AllSurplus is the smartest, fastest way to sell heavy equipment as sellers can directly launch and manage their listings in just days with more control and lower fees than traditional auction solutions. AllSurplus is powered by the one of the most experienced and trusted companies in the surplus industry: Liquidity Services, which has supported over 14,000 sellers and 3.6 million buyers across the globe. AllSurplus buyers have direct access to all the surplus assets across Liquidity Services’ network of marketplaces in one centralized location.

About Liquidity Services
Liquidity Services (NASDAQ:LQDT) operates a network of leading e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering over 500 product categories. The company employs innovative e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government sellers. Our superior service, unmatched scale and ability to deliver results enable us to forge trusted, long-term relationships with over 14,000 sellers worldwide. With over $8 billion in completed transactions, and approximately 3.6 million buyers in almost 200 countries and territories, we are the proven leader in delivering smart commerce solutions. Visit us at LiquidityServices.com.

Contact:
Liquidity Services
Julie Davis
202.558.6234
julie.davis@liquidityservices.com

FAQ

What is the latest development for Liquidity Services (LQDT) in July 2020?

Liquidity Services is hosting its largest monthly heavy equipment sales event in July 2020, featuring over 100 assets up for bid.

How many assets are available for sale in AllSurplus?

AllSurplus currently has over 13,000 assets available for sale across various sectors including heavy equipment.

What types of equipment can buyers find in the July 2020 sales event for LQDT?

Buyers can find used heavy equipment such as excavators, cranes, and pickup trucks in the July 2020 sales event.

When does the bidding for Liquidity Services' July auction close?

Bidding for the July heavy equipment auction closes on July 29, 2020.