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bidadoo Q2 Report: Sales Up With International Expansion

Wed July 17, 2019 - West Edition #15

bidadoo continues to expand and increase sales with more than 50 percent growth in the first half of 2019, year over year. This continued growth can be attributed to further international market expansion in Canada and Mexico, increased global buyer participation, success of the bidadoo Buy-Now Marketplace, bidadoo's growing experienced sales force and the market's continued adoption of online auctions. Increased sales also were fueled by deeper support of the remarketing needs of many strategic, multinational customers including JCB, Case Equipment, Genie/Terex, Herc Rentals, Sunbelt Rentals, Battlefield Rentals (Cat Rentals), Takeuchi, Atlas Copco and many government agencies.

bidadoo continues to sign strategic remarketing agreements with some of the industry's largest manufacturers and fleet operators. These companies are selling larger equipment with bidadoo, such as heavy "yellow iron" construction equipment, trucks, cranes and larger agricultural equipment. This has led to a 20 percent increase in the average selling price over 2018.

"Both our buyers and sellers are trusting bidadoo with their larger decisions. With that trust comes larger equipment from quality sellers and buyer's willingness to make bigger online purchases. We don't take this responsibility lightly. The trusted remarketing process and bidadoo 100 percent guarantee enables end-user bidders from around the globe to make educated buying decisions," said Howard Hawk, bidadoo president. "As many of our long-term customers continue growing internationally, we are growing with them. We continue to invest in helping make our customers more successful with an experienced North American sales and marketing team — and our remarketing solutions that brings together buyers and sellers with our unique sales-without-borders approach" says Hawk.

"We're excited to see bidadoo's continued record-breaking success on the eBay marketplace," said Marni Levine, VP of merchandising of eBay. "The combination of top-quality heavy equipment and superior customer service has established bidadoo as a trusted leader in the industry."

Working in partnership with eBay, bidadoo continues to attract end-user global bidders and buyers, with significant growth in international traffic to bidadoo. For example, Canada traffic increased more than 200 percent and traffic from Mexico grew more than 75 percent over the first half of 2018.

"I am an international buyer and have participated in several bidadoo auctions. I know that I can always trust the described conditions of each item, since their condition reviews are detailed and exhaustive. With bidadoo, they are a great option because I can find the best equipment brands and their customer service is unbeatable," said Jesus Arce, JAA Maquinaria, Mexico.

"In an increasingly global and competitive marketplace, our sellers are looking for more efficient, innovative, and effective ways to sell their equipment versus using traditional, land-based or live auctions. With bidadoo there is no travel or transport required for buyers, sellers or their equipment. Every week, we bring the auction to our buyers and sellers," said Hawk.

As an example of bidadoo's global customer base, here are some of the recent sales for bidadoo customers:

  • 2014 John Deere 350G LC excavator — sold for $237,636 to Saskatchewan, Canada
  • 2014 John Deere 770G motorgrader — sold for $112,600 to New Zealand
  • 2015 John Deere 772G motorgrader — sold $210,000 to California
  • 1999 Caterpillar D8R dozer — sold $92,000 in Mexico
  • 2015 John Deere 750K LGP crawler dozer — sold $113,100 to Texas
  • 2017 John Deere 544K-II articulated wheel loader — sold $100,100 to New Hampshire
  • 2004 Terex Pegson 4242SR impact crusher — sold $108,000 to New York
  • 2014 John Deere 672G motorgrader — sold $115,600 to New Zealand
  • 2005 Caterpillar 330CL excavator — sold $47,500 to Singapore
  • 2007 JLG 1350SJP 135-ft. articulating boom lift — sold $53,700 to Taiwan
  • 2015 John Deere 850K LGP crawler dozer — sold $110,300 to Alberta, Canada
  • 2013 John Deere 750K crawler dozer — sold $78,000 to Puerto Rico

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