Bidadoo Inc. Completes Record First Quarter

Seattle, Washington (May 2, 2019)—bidadoo Inc. sales increased over 70% in the first quarter of 2019, year-over-year. This significant increase can be attributed to bidadoo’s growing experienced salesforce, geographic expansion (including additional growth in Canada and Mexico) and market migration to efficient online auctions. The increase in sales was also fueled by significant growth in the bidadoo multi-channel marketplace and further investment in customer-facing remarketing technologies. These investments have greatly expanded bidadoo’s operational capabilities and success in supporting some of the world’s largest fleet owners.

The company drove an 84% increase in total bids and a 51% increase in auction participants during the first quarter of 2019, year-over-year. Visitors accessing bidadoo via mobile device also increased in the first quarter of 2019, increasing by 61% compared to the previous year. As the largest seller of equipment and trucks on eBay, bidadoo enables its sellers to reach a truly global buyer base and provides an efficient and trusted platform for buyers across the world. The company’s growth was also supported by bidadoo’s partner eBay growing active buyers across the eBay platform to 180 million global active buyers. 

“With 16 years of outstanding partnership, we are thrilled that bidadoo continues to achieve new sales records on eBay,” said Marni Levine, vice president of merchandising at eBay. “Their focus on customer service is commendable and a critical element to their success. Together we’re changing the way heavy equipment is transacted by making top-quality inventory available across borders and devices.”

Bidadoo also boosted sales in its bidadoo Marketplace by more than 220% year-over-year. The bidadoo marketplace is a buy-now, negotiated sale and best-offer channel. The bidadoo marketplace channel features equipment available for immediate sale versus weekly, no-reserve auctions, giving bidadoo sellers the certainty of setting a pre-determined price they’re willing to accept for the sale of their equipment. 

“We have found significant value in their online auction model,” says Scott Place, director of national accounts with Takeuchi Manufacturing. “They take care of everything and are easy to do business with.” 

Bidadoo continues to invest and deliver customer-facing technologies to enable large fleet sellers to maximize the value of their fleet and is working with some of the largest fleet owners in the world to provide proactive, end-to-end remarketing solutions with cloud-based platforms. 

For more information, visit bidadoo.com.