SAN JOSE, Calif., Sept. 9, 2021 /PRNewswire/ -- eBay Inc.
(Nasdaq: EBAY), a global commerce leader that connects millions of
buyers and sellers around the world, announced today a strategic
partnership and investment in bidadoo, a leading online remarketing
and auction company of equipment, trucks and capital assets. As one
of the largest marketplaces for Heavy Equipment, eBay offers buyers
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). Additionally, bidadoo provides
eBay buyers an added layer of confidence with the transaction —
every bidadoo equipment listing includes a detailed condition
report, photos and video demonstration, and is sold with the
bidadoo 100% Guarantee, allowing for a full refund if a listing was
not accurately represented.
"We are on a path to making eBay the best destination for
customers across a wide range of categories," said Jordan Sweetnam, SVP North America at eBay. "We
need deep expertise and a broad mix of inventory across our top
categories — whether sourcing 45-ton excavators or a pair of Jordan
4s. bidadoo has been a leader in delivering solutions for Heavy
Equipment buyers for nearly two decades, and will be a critical
partner in eBay's journey to expand our experiences in this
vertical."
"We are excited to deepen our partnership with eBay to expand
our asset remarketing and auction solutions," said Howard Hawk, president of bidadoo. "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."
The rapid shift in the Heavy Equipment online markets has
created an opportunity for eBay and bidadoo to leverage their
respective strengths. Together, eBay and bidadoo are committed to
deliver value, selection and a trusted buying and selling
experience for all customers, and be a leading solution in the
market.
About eBay
eBay Inc. (Nasdaq: EBAY) is a global
commerce leader that connects millions of buyers and sellers in
more than 190 markets around the world. We exist to enable economic
opportunity for individuals, entrepreneurs, businesses and
organizations of all sizes. Founded in 1995 in San Jose, California, eBay is one of the
world's largest and most vibrant marketplaces for discovering great
value and unique selection. In 2020, eBay enabled over $85 billion of gross merchandise volume. For more
information, visit ebayinc.com.
About bidadoo
bidadoo is the largest and most
trusted online auction service on the world's largest auction
marketplace, eBay. With eBay's 159 million active buyers around the
globe, bidadoo provides equipment sellers access to the world's
largest online auction marketplace, with its long-term partnership
with eBay. bidadoo provides professional remarketing for used
construction equipment, rental and municipal fleets, trucks, and
other capital assets to many of the world's largest equipment and
fleet companies. Check out our weekly online auctions at
http://www.bidadoo.com.
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SOURCE eBay Inc.