eBay have announced a partnership and investment in bidadoo, an online remarketing and auction company of equipment, trucks and capital assets. eBay already provides a home to sellers of a wide selection of equipment, trucks, parts and attachments for industries from construction to transportation to agriculture. This partnership will combine the proven platform and global reach of eBay with the unique capabilities and experience of bidadoo.
In the United States, the used Heavy Equipment market is estimated to be between $50 billion and $60 billion. This highly fragmented industry — historically reliant on offline, in-person sales and auctions — has seen adoption of online equipment marketplaces accelerate through the COVID-19 pandemic. This trend further enhances eBay’s ecosystem of cross-category commerce, which sees high-value buyers on the marketplace purchase in more than one category. Of note, 25% of equipment buyers on eBay also purchase parts and attachments for their machines. Through this partnership, eBay and bidadoo will meet customers’ needs by leveraging technology, data and expertise to deliver industry-leading, end-to-end solutions and value.
bidadoo brings specialized expertise in the Heavy Equipment sector, with a proven ability to provide a deep level of customer trust and assurances. Through bidadoo, eBay buyers have access to the best used construction equipment from leading manufacturers, governments, rental companies, contractors and financial institutions, all supported by eBay’s Business Equipment Protection Program (BEPP).
“We are excited to deepen our partnership with eBay to expand our asset remarketing and auction solutions, For over 18 years on eBay, bidadoo has been committed to delivering the best business and industrial buying and selling experience in the industry. From day one, we chose to build our business on eBay. We share a similar vision and DNA: being passionately customer-centric and laser-focused on improving marketplace and ecommerce efficiencies. Beyond this, we are both centered around trust and transparency. This investment will allow us to bring new solutions and capabilities that will add significant value to our customers and continue to grow our very passionate team.”
– Howard Hawk, president, bidadoo