Q4 2021 eAuction Savings Report
Every quarter, Scanmarket reports on statistics covering insights into the savings performed by e-auctions executed globally. Read on and download the report to better understand and optimize your business to achieve higher savings and efficiencies.
Q4 of 2021 saw an increase of almost 37% on the number of auctions conducted in the same quarter of the previous year. This is incredibly significant given the nature of the previous year when so many organizations emerged back into the market following months of economic shutdown from the pandemic.
Savings in Q4 of 2021 were heavily impacted by the ongoing effects of hyper-inflation across major worldwide economies, but overall savings remained positive at 1.22%.
At a category level, Services remained the most auctioned category once again with average savings
of 8.61% in Q4 of 2021. Significant savings were also realized within Iron & Metals at 9.71% and office supplies at 11.37%. The toughest categories for savings observed in our top 10 most auctioned categories were Food Production with -8.74% and Industrial Machinery with -5.45% vs. current price.
For more information, download the Q4 2021 eAuction Savings Report.
