WWA Group Inc. is a company that trades and auctions transportation and industrial equipment worldwide. Through their wholly owned subsidiary, World Wide Auctioneers, Ltd. (WWA), they are one of the largest auctioneers of heavy equipment in the world. They focus their operations on under-served regions outside of North America. Founded in 1996, their corporate headquarters for the United States is in Tempe, Arizona. They also have a corporate office in Dubai, United Arab Emirates.
WWA auctions items that include mobile, stationary, earthmoving, and construction equipment. These include crawler tractors, excavators, wheel loaders, cranes, trucks and trailers, generators, compressors, agricultural tractors, and forklifts. WWA Group Inc. also sells light vehicles and related items, including boats and motorcycles. The company also owns and charters a shipping vessel called the M/V Iron Butterfly.
WWA Group Inc. has a market share of more than 65 percent of all industrial equipment auction sales concluded in Dubai in 2005, 2006 and 2007. They hold fully unreserved auctions, with no minimum bids, seller bids, or reserved items. This is their assurance to buyers and sellers that all equipment trades are at fair market value (FMV). The company holds auctions in Dubai, Guangzhou, Jakarta, and Perth with more locations planned. Since 2001, they have held more than 134 auctions around the world selling over 80,500 items. Their combined sales total is more than $968.5M-USD.
The Company offers a comprehensive range of services geared to buyers and sellers of industrial, construction, and maritime equipment, materials, and products. They do this via a combination of physical, video, and Internet-based auctions. WWA has one subsidiary and three joint venture partner companies. Each has licenses and registration to operate in their respective countries. WWA Group Inc. and their partners can do business as a whole or individually.
WWA operates an Internet site with an equipment search engine, and interactive buyer and seller features. They offer live on-line bidding, on-site video presentation, and wireless electronic bidding systems. The company always has top-level managers on-site at every auction, accessible to participants.
Yesterday, WWA Group Inc. announced the record-breaking conclusion of their most recent auction. This was at their Dubai facility during December 20, 21, and 22, 2008. The December auction was WWA Group’s last major auction in Dubai for the year 2008. The auction was the Company’s largest ever in terms of gross auction sales as sales exceeded US $33.1 million.
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