A few months back eBay announced a partnership with bidadoo, an online remarketing and auction company of equipment, trucks, and capital assets. The partnership has successfully fueled Record Seller Growth with a spike of over 77% in new seller accounts through Q3, 2021 year-over-year.
Record strong demand and supply chain issues have led to record price performance in the market, making for a very strong seller’s market. With selling prices up 25% to 40% in many asset categories, customers recognize it is a great time to sell equipment and fleet assets. Through the Covid pandemic, customers have also realized the efficiencies and benefits of the online model, while many traditional models have been forced to shutter. Customers recognize the more efficient online model doesn’t require the physical stockpiling and storage of equipment to create an auction event – they can simply sell equipment when and where they want. Customers in record numbers are now buying and selling heavy equipment and trucks online than ever before.
“By harnessing the capabilities and experience of bidadoo — the largest industrial seller on the platform — eBay can offer end-to-end transactions that are more transparent and efficient, while boosting buyer confidence in their purchase without having to see an item in person. This partnership accelerates our goal of better serving Business and Industrial (B&I) buyers and sellers by offering a single, trusted destination for the entire transaction. As eBay and bidadoo build on our 18 year relationship, we’ll expand marketplace offerings and hone existing ones to become the leading heavy equipment solution in the market.”
– Chris Prill, Vice President, eBay Motors, North America
bidadoo’s Finishes Q3 2021 vs. 2020 Year Over Year:
- Record Number of Customers — 77% Increase in New Seller Accounts
- Selling Values — 25-40% Increase In Many Asset Categories
- Selling Bigger Equipment — Average Sales Price Per Item Increased Over 45%
- Global Participation — From over 200 Countries
- Viewers — Over 1,700 Views Per Item (Compared to 100 Views by some live auction companies)
- Power of eBay — Over 150,000,000 Registered Bidders
- Mobile Participation — Grew To Over 64%
