Beyond the Bid & Auction Essentials

Beyond the Bid & Auction Essentials

Auctions can be an exciting way to acquire or sell items, ranging from construction equipment and classic cars to real estate. However, navigating the auction world involves more than just spotting valuable items. It’s essential to understand the specific terms and conditions associated with each auction type to ensure a smooth and successful experience.

Terms are not one-size-fits-all; they vary widely across our different types of sales, affecting both buyers and sellers in distinct ways. The variation in terms stems from the diverse nature of auctions themselves. Each type of auction serves different purposes, involves different kinds of items, and operates under different sets of rules. These variations are tailored to address the unique needs of each auction format, whether it’s a live, online, charity, or real estate.

We have compiled a shortened overview of terms for our OrbitBid auctions:

Payment

All payments required within 2 days of auction. Payments are NOT accepted at the auction location. We encourage online payments due to the 2-day payment requirement. However, if you choose to pay in person, payments are accepted at our Byron Center and Wayland Repocast locations.

Removal & failure to remove

Photo ID will be scanned during transaction at the time of pickup. We respect your privacy, and we value you as a customer. The photo ID requirement is a security measure to document the actual person picking up item(s) from our facility. The intent of the requirement is to protect you and us, ensuring the items make it to the winning bidders. 

Extended pickup hours available for 2nd day of removal by APPOINTMENT ONLY! This is available only for prepaid invoices.

Items NOT removed within auction terms will be considered abandoned and forfeited

Buyer is responsible for DISASSEMBLY, LOADING, PACKAGING & SHIPPING of items purchased. Auction staff will not have tools available for disassembly. Please bring any necessary tools with you at time of pickup. Orbitbid.com does not package or ship items. Once items leave our premises, we are no longer responsible.  Be sure to insure your shipment with the carrier. 

Regardless of the auction format, it’s crucial to thoroughly read and understand the terms and conditions before you participate. Each auction style has its own specifics, and missing these details can result in unforeseen expenses or issues. Buyers should be aware of the fees, payment procedures, and return policies. Sellers need to know how their items will be managed and what fees they may face. As the auction environment evolves, staying updated on these terms will help make your bidding experience both pleasant and successful.

Stay up to date on online auctions being added weekly for the remaining 2024 calendar year by signing up for auction notifications here. For a complete calendar listing of online equipment auctions currently announced, visit our website here.

Connecting Through Social Media

Connecting Through Social Media

In today’s digital age, staying connected is more important than ever. That’s why we’re excited to invite you to join our growing community on social media!

We’re passionate about bringing you the latest updates, valuable insights, and behind-the-scenes content. By following us on our social platforms, you’ll get:

Exclusive Content: Be the first to know about our new products, services, and special auctions. From sneak peeks to early access, you’ll always be ahead of the curve.

Engaging Stories: Dive into the heart of our company with content that includes our team members and customers!

Interactive Fun: Participate in contests, polls, and more. Your voice matters, and we love hearing from you!

Valuable Tips and Insights: Whether it’s industry trends, or helpful tips, our posts are designed to inform and inspire.

Connecting with us on social media means more than just updates—it’s about building a community.

Join the conversation, share your thoughts, and be a part of something special.

Stay up to date on online auctions being added weekly for the remaining 2024 calendar year by signing up for auction notifications here. For a complete calendar listing of online equipment auctions currently announced, visit our website here.

The 2024 Semi Truck & Trailer Industry

The 2024 Semi Truck & Trailer Industry: Navigating Declining Values

As we reach the midpoint of 2024, the semi-truck and trailer industry is experiencing a notable shift. From our vantage point as an auctioneers, the changes are particularly palpable. The once robust market for these essential transport assets is witnessing a decline in values, presenting both challenges and opportunities for buyers and sellers alike.

The 2024 Semi Truck and Trailer Industry

Key Factors Driving Decline

  1. Economic Conditions: The global economy has seen slower growth rates, impacting the freight demand. When businesses transport fewer goods, the need for trucks decreases, leading to an oversupply and consequent drop in prices.
  2. Technological Advancements: Rapid advancements in technology, particularly with electric and autonomous vehicles, have made older models less desirable. Fleets are keen to upgrade, leaving a surplus of traditional diesel trucks on the market.
  3. Regulatory Changes: Stricter emissions regulations and the push towards greener logistics solutions have also played a role. Many companies are offloading older models that do not meet new standards, flooding the market and reducing values.
  4. Fuel Prices: Fluctuations in fuel prices continue to affect operational costs, influencing purchasing decisions and thus impacting market values.

Auctioneer’s Perspective
As an auction company, we witness firsthand the impacts of these market dynamics. Buyers are more cautious and strategic in their bidding, and more increasingly selective, seeking bargains and weighing the cost of potential future upgrades against current value.

For sellers, the strategy has shifted as well. Maximizing value in a declining market requires a keen understanding of the current landscape. Sellers need to be realistic about pricing and transparent about vehicle conditions.

Opportunities in the Market
Despite the overall decline, there are silver linings:

  1. Buyer’s Market: For buyers, this is an opportune time to acquire assets at lower prices. Savvy buyers can find high-quality vehicles at a fraction of the cost compared to a few years ago.
  2. Fleet Upgrades: Companies looking to upgrade their fleets can do so more economically, investing in newer, more efficient models while trading in older ones.
  3. Niche Markets: Certain niches within the industry, such as specialized trailers or trucks designed for specific industries, may retain their value better and present lucrative opportunities.

The semi-truck and trailer industry in 2024 is navigating through a period of transition. While declining values pose challenges, they also open up new avenues for strategic buying and selling. As an auction company, our role is to facilitate these transactions, ensuring that both buyers and sellers can navigate this evolving market landscape effectively. By staying informed and adaptable, prospective buyers and sellers can still find value and opportunity amidst the shifts in this essential industry.

Gunville Trucking Terminal Complete Liquidation

Gunville Trucking Terminal Complete Liquidation: Per order of US Bankruptcy Court (Case #19-90217

Listen in as Kurt Mingerink, President of Orbitbid, gives us a run down on the Gunville Trucking Terminal Complete Liquidation closing on Tuesday, May 7, 2024. 

Equipment Auction Details: Click Here
Asset Auction Location: 1050 Washington Ave, Niagara, WI 54151

Don’t forget about the Gunville Trucking Terminal Real Estate Auction on Wednesday, May 29. Details found on the Real Estate here.

April 2024 Orbitbid Equipment Online Auction

April 2024 Orbitbid Equipment Online Auctions

Looking to upgrade or add equipment to your current inventory or snag some fantastic deals? Look no further than Orbitbid’s lineup of online auctions happening throughout April 2024! This month offers a variety of opportunities for contractors, woodworkers, trucking companies, and anyone seeking quality opportunities to purchase new and used equipment.

Orbitbid is excited for this month’s upcoming online auctions. Stay up to date on online auctions being added weekly for the remaining 2024 calendar year by signing up for auction notifications here. For a complete calendar listing of online equipment auctions currently announced, visit our website here.

March Madness Hits Orbitbid

Online Auction

March Madness Hits Orbitbid

Score Big at Our Online Auctions

As March approaches, Orbitbid is expected to deliver another exceptional month of online auctions. Our diverse selection caters to a wide range of industries, attracting everyone from entertainment professionals and established manufacturers to agricultural leaders. Prepare to discover and secure remarkable assets at upcoming auctions. 

Strike Zone Entertainment | March 19, 2024

Calling all bowlers and laser tag warriors! Strike Zone Entertainment in Sebastian, Florida, is making way for new beginnings, and that means their equipment is up for grabs on Orbitbid. Whether you’re looking to outfit a home entertainment space, a community center, or even start your own bowling alley, this online auction has everything you need. From well-maintained bowling lanes and pinsetters to laser tag equipment and arcade games, this is your chance to strike gold (or should we say, pins?).

730 S Fleming St., Sebastian, FL 32958
Online Auction on Orbitbid.com

Wolverine EDM Services | Complete CNC Shop Liquidation | March 19, 2024

Wolverine EDM Services in Allendale, Michigan, is undergoing a complete CNC shop liquidation, and Orbitbid is your one-stop shop for top-of-the-line equipment. This online auction includes an impressive selection of CNC machines, offering unparalleled precision and efficiency for your next project. Whether you’re a seasoned machinist or just starting your workshop, this is a great opportunity to acquire industry-leading brands such as Haas, Makino, Mitsubishi, and many other sought after equipment.

307 Northern DR NW Unit C, Allendale, MI 49546
Wolverine EDM Services Online Auction

Normic Industries - Nameplate MFG | March 19, 2024

Normic Industries, after decades of service in the nameplate industry, has elected to close its doors and sell all assets via online auction. Auction Highlights include Minster 60 & 45 Ton OBE Press, Rousselle 40 Ton OBI Press, (3) Bill 30 Ton OBI Presses, Black Brothers Laminators, Curing Ovens, Hot Stamp Machine, plus much more.

1733 Park Dr., Traverse City, MI 49686
Normic Industries Online Auction March 19

Dutch Meadows Dairy | March 20, 2024

In a strategic move to streamline operations, Dutch Meadows Dairy is offering surplus equipment on Orbitbid.com following the recent acquisition of another farm. This March 20th auction presents a prime opportunity for dairy farmers to expand their capabilities or acquire high-quality replacements. Highlights include industry-leading equipment like John Deere planters and drills, tillage tools, forage boxes, manure spreaders, and feed mixers. Don’t miss this chance to bolster your dairy operation with reliable and efficient equipment from Dutch Meadows Dairy!

3427 N Wacousta, St Johns, MI 48879
Orbitbid Dutch Meadows Dairy Online Auction

Dellamar MFG Company | March 26, 2024

In a move marking the well-deserved retirement of its owners, Dellamar Manufacturing Company is auctioning its extensive equipment portfolio through Orbitbid.com presenting a unique opportunity for metal fabrication specialists to acquire top-of-the-line machinery. The auction features an impressive selection of Mazak CNC machines, including models like the 2008 HQR 150 MSY CNC Lathe and the 2009 Quick Turn Nexus 150 II CNC Turning Center, Acme screw machines in various sizes, centerless grinders, industrial cleaning equipment, and a range of transportation vehicles round out this well-maintained equipment collection. Don’t miss this exceptional chance to bolster your metalworking capabilities with reliable and versatile machinery from Dellamar Manufacturing Company!

295 Industrial Park Drive , Belleville, MI 48111
Dellamar Manufacturing Online Auction March 26

Forum Works, LLC (Woodworking Equipment Liquidation) | March 26, 2024

To streamline asset distribution, Forum Works, LLC, in cooperation with a secured creditor, has chosen to conclude operations. Orbitbid.com, partnering with Miedema Auctioneering (OH License #2003000052), will conduct an online auction offering a large selection of woodworking machinery, equipment, and assets. This auction presents a unique opportunity for woodworkers and businesses of all sizes. The highlights include a 2015 Holzma OPTIMAT HPP300/38/38 horizontal panel saw, a 2015 Brandt OPTIMAT KDF 440C edge bander, a suite of reliable forklifts from Yale and Doosan, and a diverse collection of power and air tools from Festool and other industry leaders. From dust collectors and CNC equipment to jointers, planers, and extensive lumber inventory, this auction offers everything needed to outfit or expand a woodworking operation. Don’t miss this chance to acquire well-maintained tools and equipment directly from Forum Works, LLC!

77 Brown St., Milford Center, OH 43045

Todd Greiner Farms | March 27, 2024

In a strategic move to optimize his farming operation, Todd Greiner is auctioning surplus equipment on Orbitbid.com offering a compelling selection of well-maintained agricultural machinery and tools. Highlights include a International refrigerated box truck, John Deere equipment including a baler, hay rake, snow blower, and disc, tillage equipment for efficient soil preparation, a Monosem planter, and packing line equipment to streamline post-harvest processes. The auction also features air compressors, a quad for added utility, and a variety of additional equipment. This is a valuable opportunity for farmers to acquire reliable and versatile equipment, with the bonus that most items were stored indoors, ensuring optimal condition. Don’t miss this chance to enhance your agricultural capabilities with well-maintained equipment from Todd Greiner!

1938 W Jackson Road, Hart, MI 49420
1994 International 4700 Low Profile Box Truck

These are just a few highlights of the incredible online auctions happening this March on Orbitbid. Visit our website today to browse the complete listings, view detailed descriptions and photos of the equipment, and register to bid. With a diverse range of categories and unbeatable prices, Orbitbid is your one-stop shop for acquiring the tools and equipment you need to succeed. So, what are you waiting for? Get ready to score big this March with Orbitbid. 

Dan Cline Trucking Auction

Dan Cline Trucking Auction

Driving into a New Chapter: Dan Cline Transport, Inc. Asset Liquidation Auction

In the heart of Mt. Vernon, Missouri, an era of trucking excellence is coming to a close as Dan Cline Transport, Inc. closes their doors to allow for a remarkable asset liquidation online auction to the public. After decades of dedicated service to both the local community and the broader trucking industry, Dan Cline Transport, Inc. has decided to cease operations, paving the way for a new chapter. Since its inception, Dan Cline Transport, Inc. has been a beacon of reliability and commitment. The company’s fleet of Semi Trucks by Volvo, International, Kenworth, and Freightliner, along with an impressive array of Dry Van Trailers by Great Dane and Wabash, has been a familiar sight on highways, symbolizing the dedication to delivering excellence in every journey.

The Online Auction

The much-anticipated online auction, hosted by Orbitbid.com – a Miedema Asset Management Group company, promises to be a great opportunity for trucking enthusiasts, industry professionals, and astute investors alike. If you are interested in bidding, please look at our auctions.

Auction Information

Date: Tuesday, January 9, 2024

Start Time: 8:00 am (Central)

Closing Time: 6:00 pm (Central)

 

Preview Information

Monday, January 8, 2024: 1:00 pm – 5:00 pm (Central)

Tuesday, January 9, 2024: 8:00 am – 5:00 pm (Central)

How to Participate

Join the online auction excitement by visiting the Orbitbid.com website. Bidders can explore detailed listings, place bids, and secure their chance to own a piece of the legacy that is Dan Cline Transport, Inc. Register to bid, it’s free – click here to get started.

Conclusion: Embracing Change with Dan Cline Transport, Inc.

As the curtains fall on Dan Cline Transport, Inc., this auction offers a poignant opportunity to celebrate the legacy and usher in a new era. Whether you’re a seasoned trucking professional or an enthusiast eager to own a piece of history, the Dan Cline Transport, Inc. Asset Liquidation Auction promises an experience like no other.

Don’t miss the chance to be part of this historic event. Save the date, set your alarms, and get ready to bid on January 9, 2024!

Sunset Logistics Trucking Company Liquidation Auction

Sunset Logistics Trucking Company Liquidation Auction

Over 45 Late Model Trailers – Bidding Opens December 12th!

GRAND RAPIDS, MI  – Sunset Logistics, a prominent Grand Rapids-based trucking company, is set to auction over (45) Late Model Van Body Trailers through Orbitbid, in conjunction with a secured creditor.

The online bidding event will commence on Tuesday, December 12 starting at 8am, and conclude at 6:00 pm on Wednesday, December 13. Interested parties can participate in the auction through Orbitbid’s platform, this online auction is available and open to the public. Direct Link here.

In October of 2023, Sunset Logistics unfortunately ceased operations, compelling the company to close its doors. Scott Miedema, COO of Orbitbid (A Miedema Company), expressed his thoughts on the collaboration with Sunset Logistics, stating, “We are working closely with Sunset Logistics to assist them in paying off remaining debts – this online auction is part of that process.”

Reid Stroven, Auction Manager, highlighted the significance of the offerings, stating, “These trailers are a great opportunity for purchasers, as typically, you do not have a chance to buy such late model units on a used market.”

The auction features a diverse range of well-maintained equipment, providing a unique opportunity for businesses and individuals in the trucking and logistics industry. The large quantity of semi trailers include over (45) 2019 & 2020 Hyundai Hy-Cube Dry Van Trailers which were meticulously maintained, a 2016 Freightliner Cascadia Semi Truck, 2004 GMC Service Truck, and several lots of support & shop equipment which is expected to attract a wide range of bidders. Prospective buyers are encouraged to participate in the online bidding process to secure these valuable assets. Additional details, including item specifics and bidding instructions, can be found on the Orbitbid website or by clicking here.

Thinking about having an auction? Contact us today for a FREE consultation.

December Upcoming Online Auctions

December Upcoming Online Auctions

As 2023 begins to come to an end, Orbitbid is finishing their year out strong with the following online auctions set for December of 2023. Click here to view their upcoming online auctions for the remainder of the year.

Hoover Farms

Tuesday, December 5, 2023 | Tekonsha, MI

Hoovers Farms has decided to sell their farm equipment through online auction. Featuring: John Deere Combine, John Deere Grain & Corn Heads, Case International 7130 Tractor, 2017 John Deere 5085M Tractor, Tillage Equipment, Hay & Forage Equipment, Trucks, Trailers, Plus much more.

Fletcher Precision Machine Painting

Tuesday, December 12, 2023 | Warren, MI

The owners of Fletcher Precision Machine Painting desire to sell certain assets to assist in its continuing operation. Auction Highlights: Ciscan Sure-Cure Gas Infra-red Drying Oven, Custom Built Batch Oven, Toyota LP Forklift, Clark LP Forklift, Honda Shadow American Classic Edition Motorcycle, Paint Spray Booth, Large inventory of Commercial Paint Sprayers, Spray Guns, Paint Shakers, HD Fire Proof Cabinets, Shop Lights, compressors, snow blowers, a large inventory of assorted miscellaneous machinery and plant support equipment, etc.

Sunset Logistics
(Complete Liquidation)

Wednesday, December 13, 2023 | Grand Rapids, MI

Sunset Logistics, in conjunction with secured creditor, has made the decision to close and will be selling all remaining assets and equipment via online auction with Orbitbid.com.

Auction highlights: (45) 2019 & 2020 Hyundai HY-Cube Van Body Trailers,  2016 Freightliner Cascadia Semi Truck, 2004 GMC Service Truck, 1976 GMC Yard Truck, assorted shop and support equipment, assorted office equipment, and more.

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Circle M Meats

Tuesday, December 19, 2023 | Wolverine, MI

By order of secured creditor, all remaining assets and equipment of Circle M Meats in Wolverine, MI will be sold via online auction with Orbitbid.com.

Auction highlights: Vemag 500 Robot sausage stuffer, Hollymatic 8/65 patty machine, refrigeration trucks, Massey Ferguson MF 4500 forklift, Daniels DMX 200 Quad mixer, Anco 827 & Berkel 180 bacon slicers, Sipromac double chamber vacuum sealers, Lance 500 & 600 vacuum tumblers, Hobart VCM bowl chopper, Hobart 4353 mixer-grinder, Hobart 4056 meat grinder, Hobart 5701-D meat saw, Devro Z-Linker 6-head sausage linker, Hobart 5700-D slant meat saw, Berkel deli slicer, Biro BCC-100 poultry processing machine, Toledo scales, Koch brine pump, tree spades, log splitter, deli cases, pallet racking, carts, sinks, and much more.

Liquidating Assets: Party Rentals & Equipment Rentals

Liquidating Assets: Party Rentals & Equipment Rentals

Online Auctions on Orbitbid

In a world where change is the only constant, businesses must adapt and evolve to remain competitive. Whether it’s the need to upgrade equipment or the decision to exit a particular industry, asset liquidation plays a crucial role in maintaining financial health. In this blog, we explore how Orbitbid, a leading online auction company, is helping businesses in the party rentals and equipment rentals industry efficiently liquidate their assets.

Orbitbid: A Trusted Name in Asset Liquidation: Orbitbid is a name that has earned its place as a trusted partner in the world of asset disposition. With a wealth of experience in the industry, we understand the unique challenges businesses face when it comes to liquidating assets. Our online auction platform provides a seamless and transparent way for companies to sell their surplus equipment, machinery, and inventory.

The Need for Asset Liquidation in the Party & Equipment Rentals Industry: The party rentals and equipment rentals industry is a dynamic and ever-changing one. Businesses in this sector often find themselves needing to update their inventory, replace aging equipment, or, in some cases, make the strategic decision to exit the industry. In all of these scenarios, asset liquidation is the key to making these transitions as smooth as possible.

Efficiency & Convenience: One of the most significant advantages of using Orbitbid for asset liquidation is the efficiency it brings to the process. Traditional methods of asset liquidation, such as onsite auctions, can be time-consuming and costly. In contrast, our online auctions are convenient, enabling businesses to reach a broader audience of potential buyers. This broad reach can result in higher returns on assets being sold.

Transparency & Competitive Bidding: At Orbitbid, transparency is a core value. When it comes to asset liquidation, this means providing a competitive marketplace for both buyers and sellers. Our auctions are structured to ensure that sellers have the opportunity to reach market value for their assets, and buyers can confidently bid on high-quality equipment. This transparency fosters trust within the industry and builds long-term relationships.

The Orbitbid Advantage

So, what makes Orbitbid stand out in the crowded world of online auctions, especially when it comes to party rentals and equipment rentals?

Expertise: With years of experience in asset liquidation, our team understands the unique needs of businesses in the party and equipment rentals industry. We can provide tailored solutions to help you achieve your goals.

Online Platform: Our easy-to-use online platform ensures that the auction process is straightforward and accessible. You can sell your items with ease and have them seen by a global audience of potential buyers.

Marketing: We leverage our marketing expertise to promote your items to a wide range of potential buyers, including those specifically interested in party rentals and equipment rentals.

Professionalism: Orbitbid ensures that all transactions are conducted professionally and with the utmost integrity. We maintain a high standard of service in all our interactions.

The Process: How Orbitbid Works

Consultation: The first step is to reach out to our team. We’ll discuss your specific needs and create a customized plan for asset liquidation that fits your specific needs and wants. Contact Orbitbid Here.

Auction & Asset Announcement: Once the contract and plan is in place, Orbitbid will list your items on our platform. Our team will guide you through the set up process, ensuring that your assets are presented in the best positioning.

Online Auction: When the online auction begins, potential buyers from around the world will have the opportunity to bid on your assets. Our online platform makes it easy for them to participate in the process.

After the Auction is Complete: After the online auction concludes, you will have an opportunity to review your statement to see where your bids came in from around the world and the final selling price on each item. Furthermore, rest assured that you will be in direct contact with the auction manager on the day of the auction, ensuring a seamless process with no surprises. This proactive communication approach is designed to provide you with peace of mind and full clarity regarding your auction results.

Logistics: Orbitbid will assists with all communications, payments, title transfers, and coordinate asset pickup, ensuring that the successful bidders receive their purchases promptly and efficiently.

Payment: You can expect a swift and secure payment process for your assets.

Upcoming Online Auction | A-1 Rent-All Liquidation

After decades of dedicated service in the community and industry, the ownership of A-1 Rent-All in Lansing, MI has elected to close its doors and sell all equipment and inventory via an online auction with Orbitbid. This Featured Online Auction will take place on Wednesday, November 1, 2023, starting at 8 am and will start closing at 6 pm the same day (local time). Preview will be available the day before the auction from 1 pm – 5 pm, and on the auction day from 8 am – 5 pm. Don’t miss this opportunity to acquire quality equipment and inventory from A-1 Rent-All’s extensive collection. Click here to a full equipment listing and to bid.

  • Full range of tent inventory up to 40×100 (Eureka, Anchor, Aztec, New Tent MFG, Allstate, & Century)
  • Bobcat skid steer
  • Nifty TM50 towable boom lift
  • Ford F-350 extended cab pickup truck
  • Griffin GT-610 dump trailer
  • Allmand TLB 425 loader backhoe
  • Vermeer BC625A chipper
  • Trailers
  • Small engine equipment & tools
  • Generators
  • Pressure washers
  • Heaters
  • Power tools
  • Hand tools
  • Scaffolding
  • Ladders
  • CONSTRUCTION EQUIPMENT
  • LAWN & GARDEN EQUIPMENT
  • ATTACHMENTS & IMPLEMENTS
  • PORTABLE A/C UNITS
  • INFLATABLES
  • TABLES & CHAIRS
  • SIDE WALLS
  • LIGHTING
  • HEATERS
  • STAGING
  • DUNK TANKS
  • FOOD SERVICE EQUIPMENT
  • CHINA
  • CHAFFING DISHES
  • PALLET RACKING
  • SHELVING
  • SHOP EQUIPMENT
  • AND MUCH MORE

In the fast-paced world of party rentals and equipment rentals, asset liquidation is not just a necessity; it’s an opportunity. With Orbitbid, businesses in this industry can seamlessly transition to new ventures or upgrade their inventory while maximizing returns on their assets. Our online platform offers efficiency, transparency, and professionalism that sets us apart in the world of asset liquidation. We are here to help you navigate the process with expertise, making your transition as smooth and profitable as possible. Contact us today and experience the Orbitbid advantage for yourself.