We have been noticing a significant amount of interest in our products from international buyers.  In the last 12 months our international transactions have quadrupled as a percent of our total transactions.  I have a few theories on why we are seeing this.

  1. The drop in the value of the US dollar has made our equipment more affordable.
  2. Our worldwide logistics capabilities have reduced the costs and barriers to complete international transactions. We can usually move equipment by air or sea at a rate that is equitable to the rates we pay for domestic ground transportation.
  3. Sophistication of international buyers has risen to a point that they can support the rapid change in technology. Because foreign technicians have access to information and trade journals, they can stay abreast of current best practices.
  4. Our reputation has risen to the point where buyers have a high degree of trust in us.

I am excited to continue increasing this section of our business because it connects us with more opportunities for growth beyond our boarders.   We are seeing both buyers and consignors sign on with our company and everyone involved is benefiting from these capabilities.