Yoder & Frey reports massive boost to online interest following introduction of new international online bidding platform

USA Heavy Equipment auction specialist reaps benefits of global internet reach

May 08 2017: Yoder & Frey have recently implemented a new FREE internet bidding platform and saw an explosion in online interest and bidding at its most recent Ashland, Ohio, auction.

Bidding was brisk at the one-day event with a  mix of machinery going under the hammer; and online sales were up a massive $1.5 m over the previous auction, clearly demonstrating the international appeal and growing demand for quality used construction and related equipment.  Buyers from across the USA and from over 95 countries worldwide signed up and used the new online platform, developed by Yoder & Frey’s international partner Euro Auctions, itself a leader in the unreserved industrial plant, construction equipment and agricultural machinery auctions sector since 1998.

“The new online sales platform is not only robust, safe, secure and easy to use, it is also totally free for bidders to sign up to and to buy from,” states Peter Clark, CEO of Yoder & Frey.  “The technology has been used by auctioneers for over 20 years and to date has recorded global sales of almost $1 billion worth of machinery with over 20,000 registered online bidders. There are no barriers for buyers; it provides a truly global reach and is also great for consignors.  Bidders can watch and listen to the auctions as its live streamed.  What’s more, we can directly market each individual piece of equipment to a known audience of over 140,000 registered users plus we can analyse the bidding and final hammer data in detail; further helping us target interested buyers with quality and relevant lots.

This new Internet platform will next feature at the upcoming Yoder & Frey sale in Kissimmee, Florida on May 24th, followed by the auctions at Saugatuck, MI on May 31st and in Ashland, OH on June  21st, and means these auctions will reach out to a truly global audience.   Consignors will be able to target many more potential buyers while those looking to buy will increasingly be able to locate and bid on the exact specification of quality used heavy equipment they require.  Being free and easy to sign up and use along with the robust and proven performance of the platform all add to its appeal and should help expand the reach and appeal of auctions to many more people.

The platform has seen an increase in transactions year on year with a 25% increase from 2015 to 2016 and the total for the first four months of 2017 already standing at $80 million with the highest value item sold online valued at almost $1,000,000.  The platform has also been used by buyers located in almost half of all the 196 countries around the world today, and by all nations in the top 70 in economic terms.  To date a staggering 100,000 lots have been sold via the Internet using this tried and tested platform.

Peter Clark concluded: “While bidders will always want to turn up to our auctions, see the equipment first hand, kick the tyres, and interact with their buddies, a growing number of busy or oversees buyers who wouldn’t otherwise be able to attend one of our auctions prefer to use computers or handheld smart devices to either bid on specific lots or simply monitor the used equipment markets.  We’ve seen growing online demand over recent years, and are pleased to introduce this new robust, well tested and easy to use Internet platform to our customers, achieving a massive leap forward in performance and reach without risk; enabling our buyers and consignors to reap real advantage over the coming months and years.”

Full details and a catalogues for any of the forthcoming auctions are available at www.yoderandfrey.com and bidders can pre-register for the free internet bidding online.  For any other enquiries please contact Yoder & Frey by email at info@yoderandfrey.com  or call 001 419.865.3990

 

ENDS

Note to Editors:

Yoder & Frey / Euro Auctions are happy to provide editorial opinion pieces on all aspects of the global used plant and machinery market and can supply statistical data, and high resolution images.

Media contact:     

Barry Walker - BlackChilli PR Ltd

Tel           +44 (0) 1256 861372

Email       barry@blackchilli.co.uk

 

Contact Yoder & Frey

Tel:          001 419.865.3990

Email:      info@yoderandfrey.com

Web        www.yoderandfrey.com

 

About Yoder & Frey

Since 1964, Yoder & Frey Auctioneers, Inc. has been serving the needs of heavy construction equipment buyers and sellers. Its mission is to efficiently liquidate equipment through auctions by providing the best value for buyer and seller while providing outstanding customer service. Specialising in the sale of used heavy construction equipment, trucks and trailers its corporate Office located in Holland, Ohio with additional auction facilities at Kissimmee, Florida and Darlington, Pennsylvania.

About Euro Auctions

Euro Auctions has been conducting unreserved auctions of industrial plant, construction equipment and agricultural machinery since 1998 and today conducts over 35 major auctions every year around the globe, in six countries and on three continents. Euro Auctions is market leader in Europe, holding more sales and selling more lots per sale that any other auction house. With its head office located in Dromore, Co. Tyrone, Northern Ireland it has five more permanent auction sites in England, Germany, Spain, Australia and USA. All sites are fully operational at all times, with permanent offices, auction yards and full time staff. The company also specialises in off-site sales for leading plant hire companies, for cessation of trading, retirement sales as well as stock and fleet rotation.