May 05, 2014
JM Wood Conducts Onsite Crane Auction in Clanton, Alabama
JM Wood Auction Co. held an onsite auction at the Alabama Bridge Builders facility in Clanton, Ala., on March 26. The sale hugely successful with a high turnout, and total sales eclipsing $5.7 million and over $1.9 million (or approximately 33 percent) of the purchases being made online. Strong online biding came in from Mexico, Vietnam, Uruguay, Singapore, Puerto Rico, Poland, Hungary, Columbia, Canada and Puerto Rico. "We have conducted thousands of auctions over the past 41 years and worked for some remarkable people in the construction industry, but the Mims family stands out as one of the classiest and hardworking families we have ever been blessed to work for," said Bryant Wood, vice president of JM Wood. "We have known and respected them for a long time, but after getting in the trench with them putting this auction on over the last three months it is evident why they have been so successful in the bridge building business for the last 54 years. The auction brought an incredible 25 percent over our preliminary numbers. These contractors and bridge builders knew the reputation of Alabama Bridge and wanted their equipment.
May 05, 2014
41st Annual Spring Auction Sets Online Internet Sales Record
JM Wood Auction held its 41st annual spring construction, truck and forestry auction at its headquarters facility in Montgomery, Ala., March 11 to 13.
More than $36.1 million of equipment sold and was represented by many dealers including Blanchard Machinery, Flint Equipment, Taylor Services, Yancey Bros. and more than 500 other consignors. Online sales accounted for more than $6.2 million. Equipment was sold to buyers in 12 countries and 34 U.S. states.
"We were very pleased with the numbers for our 41st Annual Spring Auction," said Bryant Wood, JM Wood. "Our volume was a little down from last year due to the shortage of good equipment on the market. Contractors were here in full force buying for jobs and it was all business."
June 27, 2013
MONTGOMERY, Alabama - About $3.4 million in Alabama Department of Transportation vehicles and equipment will be auctioned off this weekend to fund the department's fleet renewal program.
Trucks, vans, SUVs, farm tractors, lawn and heavy equipment are available through the public auction scheduled for 9 a.m. Saturday at 537 Traffic Operations Drive, in Montgomery.
Online bidding begins 9 a.m. Friday and is available through the J.M. Wood Auction Co., at www.jmwood.com.
Inventory is available for preview at the ALDOT facility in Montgomery and also online, where buyers also may sign up to bid though pre-registration is not required. Special truck and equipment financing is available for qualified buyers through J.M. Wood Auction Co., according to ALDOT.
Other surplus items including computers, electronics, office equipment, tires and utility trailers will be auctioned beginning Friday at 8 a.m.
ALDOT's fleet renewal program comes from a revolving fund created in 1980 to allow the department to cycle out aging equipment, department spokeswoman Rebecca White said.
The replacement helps the department ensure workers have dependable, working equipment ready for use. ALDOT usually turns in most of its passenger fleet after 55,000 miles or five years of use - the point after which operation costs climb, White said.
All of the equipment up for auction has been refurbished and inspected to ensure it is in ready-to-use condition, she added.
In 2012, the public auction brought in about $10 million. ALDOT expects to take in more than $3.5 million this year, White said.