JM Wood held its 42nd annual spring construction, truck and forestry auction on March 10 to 12. Gross auction sales totaled more than $52 million and accounted for 3,600 lots being sold. Online sales totaled more than $8 million, breaking company records. The auction was held at the company's headquarters facility in Montgomery, Ala. More than 4,000 bidders attended the sale onsite and online from across the globe including Vietnam, Egypt, New Zealand, Mexico, Columbia, Canada, Puerto Rico and the United States, among others, making the sale a success.
More than 600 consignors were represented at the auction including Flint Equipment, Taylor Services, Claiborne, B & G Supply and Joe McGee Construction. Caterpillar dealers including Blanchard, Thompson and Yancey also supplied equipment for the sale.
Several highlights of the auction caught bidders' attention including a group of more than 300 2015 to 2007 Mack, KW, Pete and Western Star vocational work trucks and a fleet of 2011 year model Caterpillar machines from counties across the Southeast.
Bryant Wood, president of JM Wood, was pleased with the turnout and success of record-breaking annual spring auction.
"This was the largest auction in the 42 years of our family business," said Wood. "We had over 600 consignors that put their faith in us at this auction. We worked hard on their behalf and their timing could not have been any better for this auction. Prices were strong and attendance was high."
