bidadoo breaks records in the first quarter with its online auctions: CEG

Washington state-based bidadoo posted record sales for its first quarter (Q1) as it continues to see a rapid shift from traditional models to online auctions and remarketing.

bidadoo, a strategic partner of eBay, experienced record buyer demand throughout the first quarter and accounted for the largest number of sellers in the marketplace. Strong buyer demand has led to dramatic sales price increases of more than 35% on average across many equipment and truck categories.

bidadoo has driven significant expansion with many accounts as the industry recognizes the efficiencies, cost savings and better asset returns of the online model. The first quarter of 2022 saw marked growth across several strategic partners, including international rental companies such as Sunstate Equipment, Sunbelt Rentals, Herc Rentals and United Rentals, as well as some of the largest contractors and equipment owners.

During the first quarter of 2022, items sold through bidadoo’s weekly unreserved online auction averaged nearly 1,000 miles. from the point of sale to their final destination. As many sellers want to take advantage of a global marketplace and prefer not to resell equipment and trucks in their local markets, bidadoo has served them well by shipping over 70% of sold items to out-of-state buyers. /of the province.

Buy Now Market

In addition to bidadoo’s weekly no-reserve online auctions, customers also used bidadoo’s buy-it-now marketplace to sell and source quality gear.

The first quarter saw an 18% increase in items sold and a 15% increase in quantity sold, year over year.

“We partnered with bidadoo because of the benefits their weekly unreserved online platform and Buy-Now Marketplace provide,” said Craig Sickmiller, CFO of MCM Management Corporation. “Through their strategic partnership with eBay, Marketing attracts and supports genuine end users who would not normally use auctions to source equipment. bidadoo provides a level of equipment reports, photos, videos and Access to the service team that provides the transparency buyers need to be better informed about the equipment they are bidding on.

The first quarter (Q1) 2022 vs 2021 bidadoo record presented:

  • Record sales in the first quarter;
  • 24% increase in vendor locations;
  • 15% increase in sales on the buy it now/on demand market;
  • Used equipment prices remained at a historically high level;
  • Global participation from 166 countries;
  • 64% mobile participation.

“Our record sales and growth highlights the passion and capabilities of our team and our expanding platform,” said Howard Hawk, president of bidadoo. “We continue to attract some of the largest and most trusted names in the equipment and truck industry, and migrate them from traditional sales models to bidadoo’s 100% online model. Sellers trust bidadoo and eBay to deliver additional value as they transition to the effective remarketing model.We are honored to see the excitement within the industry as sellers experience firsthand the power of the bidadoo and eBay partnership.

Recent sales results by bidadoo, reflecting the trust, scalability and reach of the bidadoo and eBay marketplaces:

2018 oilfield construction site carpet washer – $751,000;

  • 2014 Volvo EC700CHR Excavator and Hydraulic Shear – $350,000;
  • 2006 Deere 850J LGP Crawler Dozer/IronWolf Chopper – $210,000;
  • 2015 Caterpillar 140M3 Motor Grader – $165,000;
  • 2018 Komatsu WA500-8 Articulated Wheel Loader Tractor – $127,100;
  • 2014 Genesis GXT555R Rotary Shear – $165,000;
  • 2016 John Deere 300G LC Hydraulic Excavator – $111,600;
  • 2019 John Deere 210G LC Excavator – $143,600;
  • 2017 Kenworth T880 Tri-Axle Day Cab Truck – $91,300;
  • 2010 Peterbilt PB340 S/A Tractor Trailer – $66,600;
  • 2019 Chevrolet Silverado 5500HD Mechanic Truck — $152,000;
  • 2013 Genie Z-80/60 80′ 4WD Articulating Boom Lift – $52,460;
  • 2017 Skyjack SJ1056TH Telescopic Forklift — $81,050.