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bidadoo Achieves Record Quarter, Sales Jump 64% Y/Y

October 06, 2022, 07:12 AM
Filed Under: Auction News

bidadoo reported record quarterly sales for its third quarter), with a 64 percent increase in sales, year-over-year. This was fueled by further adoption of online auctions and marketplaces as evidenced by the 72 percent increase in the number of machines and trucks sold. Seller locations jumped 71 percent during the quarter, and strategic account sales grew over 100 percent, as bidadoo continues to expand its team, footprint and capabilities.

As the world shifts to online marketplaces, bidadoo -- in partnership with eBay -- has met the demand through trusted and transparent auctions, a scalable marketplace, and rapidly growing its team of industry experts and leaders. bidadoo is aggressively growing sales and customer support teams to meet the expanding market opportunity while continuing to deliver added value to its customers.

Buyers and sellers both demand a flexible, multi-channel marketplace. In addition to bidadoo’s weekly, no-reserve, no buyer’s premium online auction, customers have also utilized bidadoo’s Buy-It-Now Marketplace to sell and source quality equipment. The third quarter saw over 75 percent increase in items sold through the Buy-It-Now Marketplace highlighting the continued and growing trust bidadoo Buyers and Sellers place in bidadoo and the eBay platform.

bidadoo’s Record-Breaking Q3 2022 vs. 2021 featured:

  • 20-Year Record -- Quarterly Sales
  • 64 percent Increase in Sales - Record Q3 Sales
  • Over 75 percent Percent Growth in bidadoo’s Buy-It-Now Marketplace
  • Global Participation from 165 Countries
  • 66 percent Mobile Participation - Up over 10% from 2021
  • 1,850 Average Views per Item - Nearly 20 Times More Than Other Auction Providers
  • 97,000 Social Media Impressions per Item - Up 30 percent over 2021
  • Used Equipment Prices Have Remained at Near Record High Levels

“bidadoo is excited to announce a record quarter during our nearly 20-year history. We have delivered record growth in many key areas. We have grown our experienced team and have added many industry leaders that understand and will help scale our capabilities and unique value proposition. We will continue to grow aggressively to take advantage of the rapidly changing market dynamics,” said Howard Hawk, bidadoo President.

“We continue to invest and grow in many markets including construction, transportation, financial services, agriculture, energy, and international. We continue to bring value to our customers by offering quality equipment from some of the largest and most trusted equipment owners. In partnership with eBay, bidadoo enables equipment sellers to reach true end-users across the globe on the world’s largest auction platform. Together with eBay, the reach, scale and power of the platform is truly incredible, and will help us continue to expand in North America and around the world.”

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