Work Speeds Ahead on Replacing Century-Old Bridges With Tunnel

bidadoo Online Auctions Completes Record First Quarter With Over 70% Growth

Thu May 02, 2019 - National Edition
bidadoo


bidadoo sales increased more than 70 percent in the 1st quarter of 2019, year-over-year. This significant increase can be attributed to bidadoo's growing experienced salesforce, geographic expansion — including additional growth in Canada and Mexico, and market migration to efficient online auctions. Increased sales also was fueled by significant growth in the bidadoo Marketplace (Multi-channel: Buy-Now, Make-Offer), and further investment in customer-facing reMarketing technologies. These investments have greatly expanded bidadoo's operational capabilities, and success, in supporting some of the world's largest fleet owners.

bidadoo drove an 84 percent increase in total bids and a 51 percent increase of auction participants during the 1st quarter 2019, year-over-year. Visitors accessing bidadoo via mobile device also increased in the first quarter of 2019, increasing by 61 percent compared to the previous year. As the largest seller of equipment and trucks on eBay, bidadoo enables its sellers to reach a truly global buyer base, and provides an efficient and trusted platform for buyers across the world. bidadoo's growth also was supported by bidadoo's partner eBay growing active buyers across the eBay platform to 180 million global active buyers.

"With 16 years of outstanding partnership, we are thrilled that bidadoo continues to achieve new sales records on eBay," said Marni Levine, VP of merchandising at eBay. "Their focus on customer service is commendable and a critical element to their success. Together we're changing the way heavy equipment is transacted by making top-quality inventory available across borders and devices."

bidadoo also boosted sales in its bidadoo Marketplace by more than 220 percent year-over-year. The bidadoo Marketplace is a Buy Now, negotiated sale, and best-offer channel. The bidadoo Marketplace is a channel that features equipment available for immediate sale versus weekly no-reserve auctions. This marketplace gives bidadoo sellers the certainty of setting a pre-determined price they're willing to accept for the sale of their equipment. For buyers, the bidadoo Marketplace provides the choice to buy equipment immediately, rather than bidding on bidadoo's no-reserve weekly auctions.

"We have found significant value in their online auction model," said Scott Place, director of national accounts with Takeuchi Manufacturing, "They take care of everything and are easy to do business with."

With the more efficient bidadoo online auction model, sellers are able to achieve superior net returns through bidadoo vs. many live and online auction providers, with quicker speed to market and no need to transport equipment to a land-based live auction facility.

bidadoo Fleet reMarketing Solutions — Powerful Fleet Management and Sales Platform

bidadoo continues to invest and deliver customer-facing technologies to enable large fleet sellers to maximize the value of their fleet. bidadoo is working with some of the largest fleet owners in the world to provide proactive, end-to-end remarketing solutions with cloud-based platforms. The bidadoo Fleet reMarketing Solutions is a suite of tools, technologies, and services that enable fleet owners to manage their inventory and make informed decisions that will provide them with greater net asset returns.

The bidadoo Fleet reMarketing Solutions platform includes:

  • reSales — Multi-channel sales platforms includes No-Reserve Auctions, bidadoo Marketplaces (Buy-Now, Make-Offer, Negotiated Sale, Private Party Sales or Dealer-Only), Sealed Bid, Whitelabel solutions
  • reValue — Asset Pricing, Sales Metrics, Appraisals, Trends and Analytics
  • reMarket — Campaigns, Targeting, Social, Mobile, eBay, SEO, Sale Day
  • reSpect — Equipment Details, Features, Specifications, Templates, Video Demonstration
  • reFleet — Fleet Inventory Management, Integration with ERP and Other Systems, Manage and Optimize Assets and Workflows between Sales Channels
  • reSite — Branded and White-label Equipment Remarketing Solutions
  • reServe — Buyer and bidder support services including Auction Service Center, payments, shipping & logistics, financing, titles and registration, export, etc.

For more information, visit www.bidadoo.com.