Strong Supply and Demand Drives Final Auction of 2019, bidadoo Completes a Record 2019

Mon December 30, 2019 - National Edition

bidadoo is holding one final no-reserve auction on Dec. 30 to close out a record-breaking 2019.

bidadoo has moved auction end times to a daytime format due to several factors, including increased mobile participation, growth in U.S. Eastern region and international bidders, and growth in higher value items. No-reserve auction items now end between 10:00 a.m. (PT) through 2:00 p.m. (PT).

2019 has been a record year for bidadoo. In December, bidadoo has provided sellers with record demand for their used equipment. This strong demand in the marketplace has driven sellers to release additional equipment for sale for this final auction of 2019.

bidadoo sources higher grade equipment from large, national account sellers. These customers are looking to sell their equipment before year-end and have found that bidadoo's online auction format provides an ideal solution to remarket their fleet sales in 2019, while they have maintained maximum utilization right up to the end of the year, according to the company.

"We've had a record-breaking year in 2019. A record number of machines sold, record sales on both our auction and Buy-Now marketplace, record revenue, record seller growth and record buyer demand. To best support our buyers and sellers, we are finishing the year with our final online auction in 2019 on Monday, December 30th," said Howard Hawk, bidadoo president.

For buyers, bidadoo's online auction format makes it easy to acquire equipment quickly and cost effectively. Prospective buyers do not have to waste time and resources traveling to a land-based auction location. They can review and bid on items from the comfort of their home or office.

"Online auctions are perfectly suited to buying and selling equipment this time of year when travel is especially cumbersome. A traditional live land-based auction requires both critical mass of people and equipment all in the same place at the same time. With bidadoo we get critical mass of equipment and buyers every week," said Hawk. "We assemble a great line-up of equipment and buyers without the unneeded expense to move equipment — or prospective bidders — to a land-based auction site."

bidadoo's final auction also offers prospective equipment buyers an ideal opportunity to take advantage of the potential large Section 179 Tax Savings for 2019. This can amount to a savings of up to 37 percent for equipment purchases. For example, a tax bracket of 37 percent would yield a cash savings $22,200 on a $60,000 equipment purchase.

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