May 14 - IRON Solutions has announced it will supply its IRON Index data to J.P. Morgan Equity Research for the J.P. Morgan quarterly report on the North American used agricultural equipment market.
Ann Duignan, machinery equity analyst at J.P. Morgan, will publish the information from the IRON Index, which is IRON Solutions' measurement of pricing levels in the used agricultural equipment market. This information is aggregated by IRON Solutions from dealer, auction, private party and manufacturer-owned used equipment sales transactions.
"Our aggregated data is the best source available," said Darwin Melnyk, CEO of IRON Solutions. "It is relevant, powerful and drawn from the more than 150,000 annual sales transactions from over 1,000 manufacturers that IRON's editorial staff processes."
Melnyk took part in Ann Duignan's quarterly review teleconference on May 9, where he discussed the IRON data methodology with J.P. Morgan clients.
The IRON Index is delivered from IRON's newest technology, the IRON Vector Web-based business intelligence tool. Vector instantly analyzes IRON's database of used agricultural equipment transactions for pricing trends and residual value comparisons across brands, market segments and competitive products.
The IRON Index measures the values of used agricultural equipment from one to three years old in the U.S. and Canada, compared with the original price. The IRON editorial staff adjusts values of individual units for hours of use, options, and other factors, in computing its aggregate quarterly index values. The IRON Solutions database covers 25 years and contains more than 3 million sales transaction reports and 20 million data points.
IRON Solutions Inc., www.ironsolutions.com, is the trusted manager and provider of equipment and agronomic lifecycle information and systems for participants in the crop production marketplace. It provides actionable intelligence that drives profitability. For 50 years, IRON has been the leading source of used and new equipment information and customer and equipment lifecycle management services for the agricultural industry. IRON creates and delivers insights that drive actionable intelligence through its award-winning suite of software, that integrates Big Data with a cloud-based approach to provide a complete system of record and engagement based on the NetSuite platform, for stakeholders within the crop production market.