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Strong Supply and Demand Drives Final Auction of 2019, bidadoo Completes a Record 2019
Monday, December 30, 2019
bidadoo, the largest and most trusted business and industrial auction service on the world's largest online auction marketplace is announcing one final no-reserve auction on Monday, December 30th to close out a record-breaking 2019.
KENT, Wash., Dec. 27, 2019 /PRNewswire-PRWeb/ -- bidadoo, the largest and most trusted business and industrial auction service on the world's largest online auction marketplace is announcing one final no-reserve auction on Monday, December 30th to close out a record-breaking 2019.
bidadoo has moved auction end times to a daytime format due to several factors, including increased mobile participation, growth in U.S. Eastern region and international bidders, and growth in higher value items. No-reserve auction items now end between 10:00 am (PT) through 2:00 pm (PT).
2019 has been a record year for bidadoo. In December, bidadoo has provided sellers with record demand for their used equipment. This strong demand in our marketplace has driven sellers to release additional equipment for sale for this final auction of 2019. bidadoo sources higher grade equipment from large, national account sellers. These customers are looking to sell their equipment before year-end and have found that bidadoo's online auction format provides an ideal solution to remarket their fleet sales in 2019, while they have maintained maximum utilization right up to the end of the year. The bidadoo model is very efficient and dynamic. With weekly auctions, sellers can see and capitalize on market conditions in real-time.
"We've had a record-breaking year in 2019. A record number of machines sold, record sales on both our auction and Buy-Now marketplace, record revenue, record seller growth, and record buyer demand. To best support our buyers and sellers, we are finishing the year with our final online auction in 2019 on Monday, December 30th." Says Howard Hawk - bidadoo President.
For buyers, bidadoo's online auction format makes it easy to acquire equipment quickly and cost effectively. Prospective buyers do not have to waste time and resources traveling to a land-based auction location. They can review and bid on items from the comfort of their home or office. "Online auctions are perfectly suited to buying and selling equipment this time of year when travel is especially cumbersome. A traditional live land-based auction requires both critical mass of people and equipment all in the same place at the same time. With bidadoo we get critical mass of equipment and buyers every week" says Hawk. "We assemble a great line-up of equipment and buyers without the unneeded expense to move equipment -- or prospective bidders -- to a land-based auction site."
bidadoo's final auction also offers prospective equipment buyers an ideal opportunity to take advantage of the potential large Section 179 Tax Savings for 2019. This can amount to a savings of up to 37% for equipment purchases. For example, a tax bracket of 37% would yield a cash savings $22,200 on a $60,000 equipment purchase. Learn more about the advantages of the Section 179 Deduction.
For sellers that would like to participate in the strong demand of today's global market, please contact one of our auction consultants at bidadoo. If you're interested in buying for year-end, view the full catalog of items available in the December 30th auction.
About bidadoo
bidadoo is the largest and most trusted online auction service on the world's largest auction marketplace, eBay. bidadoo provides professional remarketing for used construction equipment, rental and municipal fleets, trucks, and other capital assets. bidadoo is a global online remarketing company with Auction Service Centers across North America and bidders and buyers from around the world. bidadoo works with many of the largest equipment owners in the world including Sunbelt Rentals, Herc Rentals (formerly Hertz Equipment Rentals), H&E Equipment, JCB, Genie/Terex, Case, Takeuchi, Komatsu and John Deere dealers, The Boeing Company, City of Seattle and many municipalities and government agencies. With eBay's 182 million registered users globally, bidadoo provides equipment sellers immediate access to the world's largest online bidder and buyer base through our long term partnership with eBay. Check out our weekly online auctions at http://www.bidadoo.com.
SOURCE bidadoo Inc.
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