bidadoo ended a record 2022 with double the volume and 90 percent sales growth in Q4 year over 12 months. During the 4th quarter, bidadoo rocketed to a 101 percent increase in items sold, yr over season.
With changing macro-economic trends, bidadoo drove significant customer growth adding more companies selling capital assets. As customers choose to remarket used equipment and trucks, bidadoo’s online, multi-channel marketplace enables customers in order to maximize their net returns.
bidadoo’s Record-Breaking 4th Quarter 2022 By the particular Numbers vs. 2021:
- 101 percent boost in number of assets sold
- 90 percent increase within sales growth
- 64 % increase in the number of seller locations — saving costly transport of equipment to a physical auction facility
- Record 78 percent associated with sales were made by out-of-state buyers
- More than 120 percent development in Strategic Account product sales
- 49 percent increase in total purchasers
- 52 % embrace bidadoo. com traffic
- 63 percent mobile auction participation (phone and tablet)
- 20 times more views per item than many other public sale platforms
- Top placement to 135 million eBay active buyers
- 132 countries represented on typical Tuesday “Auction Day”
December displayed the largest sales month for bidadoo, with the biggest weekly online auction event ever. bidadoo, in partnership with eBay, experienced record buyer demand for gear and trucks throughout the one fourth and supported a list number of sellers on the particular marketplace. bidadoo and eBay’s strategic partnership is driving significant enhance in new inventory, as highlighted by a 120 % increase within strategic account sales during Q4, because the industry continues in order to recognize the efficiencies plus reach of bidadoo’s on the internet model.
Double the inventory in Q4 helped ignite huge buyer growth and demand. With the bidadoo online auction model, customers don’t have to invest their time, energy plus money to travel to a traditional or live auction site to try and source equipment. bidadoo buyers possess the convenience of weekly no-reserve auctions every Tuesday, rather than traditional quarterly auctions — typical for land-based public sale sites.
Along with eBay’s huge Business and Industrial, auction web sites Motors, plus Parts and Accessories business and purchaser base, bidadoo offers buyers a convenient way to source both equipment, vehicles, and parts and accessories to run their own business. Plus, with bidadoo there are no buyer’s premiums; buyers plus sellers each benefit.
For equipment retailers, in addition to bidadoo’s active clients, bidadoo is featured in order to eBay’s 135 million global, predominantly end-user, active registered buyers. Seller’s benefit from this huge customer base — with no transportation fees and no buyer premiums — which maximizes financial earnings of property for bidadoo’s sellers. With the trust associated with bidadoo, there has been a significant growth in the size and value of equipment offered via on-line auction. Additionally , the bidadoo Marketplace offers buyers plus sellers multiple, convenient ways to buy and sell products, including immediate Buy-It-Now, or Make-Offer sales.
“bidadoo is a great resource with regard to us because we are within the tools industry renting and using equipment, but are not specialized and cannot justify having an employee doing the kind of quality work performed by bidadoo, ” said Kyle Gladieux, manager of corporate finance plus accounting, Schaedler Enterprises Inc.
“When we need to buy or even sell a piece we simply make a phone call to our representative and from there we are hands-off. We have got used bidadoo to sell telehandlers and cranes as well as purchase cranes on multiple occasions. The process is consistent and simple and has exceeded our expectations at each level. We look forward to our own continued partnership for years to come. inch
“We are honored by the incredible confidence our customers continue in order to put in bidadoo, ” said Howard Hawk, bidadoo president. “It will be clear the market continues to value a true, trusted, transparent, worldwide online-only marketplace for trucks and devices, rather than old reside models. All of us have seen an incredibly positive response from our clients to our eBay partnership over the past year. We are also very proud of our team regarding being able to scale the business at this particular pace. ”
Sample of apparatus sold simply by bidadoo throughout the fourth Quarter
- 2020 Caterpillar 745 articulated dump truck — $312, 000
- 2017 John Deere 9570Rx ag tractor — $260, 000
- 2018 John Deere 1050K crawler dozer —$218, 000
- 2013 Terex TA400 40 ton articulated eliminate truck — $96, 100
- 2011 Grove RT700E 50 ton rough terrain crane — $85, 700
- 2015 Caterpillar TL1255C 64 ft. 12K reach forklift — $75, 201
- 2016 Hamm H11iX 84 in. smooth drum roller — $70, 100
- 2013 John Deere 210G LC excavator — $68, 500
- 2015 JLG 642 42 ft. telescopic reach forklift — $66, 317
- 2000 Sterling L7500 Terex-RO BT60 crane — $66, one hundred
- 2018 Mahindra 9125 S front end loader — $55, 200
- 2018 Caterpillar 299D2 skid steer — $53, a hundred
- 2017 Freightliner M2 106 22 feet. flatbed truck — $50, hundred
For more information, visit www.bidadoo.com.