What Repocast.com does

Repocast.com, Inc. is a Michigan-based online auction company founded in 1985 and operating as part of the Miedema Asset Management Group family of companies. It specializes in liquidating repossessed and surplus assets—primarily vehicles, boats, campers, construction equipment, semi-trucks and trailers, industrial machinery, and restaurant equipment—through weekly online auctions and monthly specialty auctions. The company serves four primary seller segments: financial institutions (banks, credit unions, finance companies, leasing firms) liquidating defaulted-loan collateral as its core segment, plus government/municipalities, commercial businesses, and individual consignors. Its buyer base spans 854,000+ registered bidders across 48 U.S. states and 5 countries, placing more than 4 million bids annually.

The platform is built on a proprietary online auction system, OAS 3.0 (Online Auction Software 3.0), launched in 2025 to replace the prior version. OAS 3.0 supports timed bidding, pre-bidding, proxy/max bidding, and a dynamic anti-sniping mechanism that automatically extends auctions by 10 minutes on late bids. The system is paired with TeleCheck ECA for electronic check processing and a UPS Store partnership at the Byron Center location for fulfillment. Repocast complements its online platform with four physical auction facilities in Michigan (Byron Center, Wayland, Ortonville, Gaylord) plus a McBain address, providing in-person inspection, intake, payment, pickup, and Michigan broker title transfer services.

Repocast's revenue model is fully transactional. The primary stream is a tiered buyer's premium (18% on items ≤$800, 13% on $800.01–$3,000, 8% on $3,000.01+), with a 3% discount for cash/wire/cashier's-check payment. Ancillary fee streams include a $125 broker title processing fee plus $15 state title transfer, $2 per lot per day storage beyond 8 business days, and up to 20% liquidated damages on non-payment. Pricing is disclosed publicly on the website. Distribution is hybrid: a self-serve online bidding platform (bid.repocast.com) drives buyer acquisition nationally, while four regional Michigan facilities handle physical intake and inspection, and third-party carriers handle shipping for remote buyers.

Name

Repocast.com

Legal name

Repocast.com, Inc.

Website

https://repocast.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Online Auction Services

NAICS

Repossession Services (561491), Collection Agencies (561440)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Repossession & Asset Recovery (Non-mortgage) (FSAKAJAF)

akta.pro secondary industries

Auction-based Generalist Marketplaces (CRAFAAAC), Foreclosure/REO & Distressed Property Auctions (BPAJAEAF)

Keywords

• Online auction services
• Repossession auctions
• Vehicle auctions
• Consignment auctions
• Asset liquidation

Headquarters

HQ city

Byron Center

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Digital Commerce or Content

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Buyer's Premium: Percentage-based transaction fee added to winning bid amounts. Fees vary by price tier: 18% for items $800 or less, 13% for items $800.01-$3,000, and 8% for items over $3,000. A 3% discount is offered for cash, cashier's check, or wire transfer payments.
2. Title Processing Fees: $125 broker title processing fee for all titled items (vehicles, trailers) plus $15 state title transfer fee. Additional optional fees for plate/registration and temporary tags.
3. Storage Fees: $2 per lot per day storage fee for items not picked up within 8 business days. Additional storage beyond 8 days at auction company's discretion.
4. Liquidated Damages: Up to 20% (minimum $25) fee on total purchase price for non-payment within 8 days of auction.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Repocast.com operates an online auction marketplace for repossessed and consigned assets, holding weekly general auctions plus monthly specialty auctions (construction equipment, semi-trucks/trailers, industrial machinery, restaurant equipment). Sellers (financial institutions, businesses, government, and individuals) consign assets that are marketed to a nationwide buyer base of 854,000+ registered bidders through a proprietary OAS 3.0 timed-bidding platform, with transactions completed via tiered buyer's premiums, integrated title processing, and pickup at four Michigan auction facilities.

Product overview

Repocast.com is an online auction platform operated by Miedema Auctioneering, Inc. specializing in repossession and consignment auctions. The core offering consists of weekly online repossession auctions and monthly specialty auctions for construction equipment, semi-trucks and trailers, industrial machinery, and restaurant equipment. The platform is built on the proprietary OAS 3.0 online auction system supporting timed bidding, pre-bidding, and maximum bid features. Four physical auction facilities in Michigan (Byron Center, Wayland, Ortonville, and Gaylord) provide inspection, payment, pickup, and title transfer services. Additional services include shipping coordination, title processing, and consignment options for individuals and businesses.

Differentiator

Problem solved

Functional benefit

Products and services

• Weekly Online Repossession Auctions Weekly online timed auctions showcasing repossessed vehicles, boats, campers, ATVs, construction equipment, semi-trucks and trailers, electronics, and home goods from financial institutions, businesses, and government sellers. Buyers register on the OAS 3.0 platform, browse upcoming lots, and place bids during scheduled auction windows with automatic 10-minute anti-sniping extensions.
• Monthly Specialty Auctions Monthly-dedicated online auctions focused on specific heavy-asset categories — construction equipment, semi-trucks and trailers, industrial machinery, and restaurant equipment — designed to concentrate qualified buyers and achieve higher recovery values on specialized commercial assets.
• Consignment Auctions for Individuals & Businesses Online consignment auction service enabling individuals and businesses to liquidate surplus vehicles, boats, recreational equipment, manufactured homes, and general merchandise through the same OAS 3.0 platform used for repossession inventory, with the auction house handling intake, marketing, bidding, payment, and pickup coordination.
• OAS 3.0 Online Auction Platform Proprietary online auction software (OAS 3.0) that powers Repocast's auction operations, featuring timed bidding, automatic 10-minute anti-sniping extensions, pre-bidding, and proxy maximum-bid functionality, with integrated payment processing and title transfer workflows.
• Auction Facility Services Physical auction facility services at four Michigan locations (Byron Center, Wayland, Ortonville, Gaylord) providing in-person inspection, payment processing, item pickup, and operational support for both online and on-site auction participants.
• Title Transfer Processing Michigan broker title processing service for vehicles, trailers, and other titled items sold at auction, including state title transfer and optional plate/registration and temporary tag services, charged at $125 broker fee plus $15 state transfer fee.
• Shipping Coordination Services Coordination service that connects auction buyers with the UPS Store (twice weekly at the Byron Center location for smaller items) and with rigger/hauler third-party carriers for delivery of large equipment, with buyers arranging and paying carriers directly.

Quantifiable outcome

• 370+ auctions facilitated in 2025
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

One partnership is on record.

• Miedema Asset Management GroupcoreOthersParent holding company overseeing the family of auction and asset management companies including Repocast, Miedema Auctioneering, Orbitbid, RangerBid, LastBid RealEstate, Miedema Appraisals, SSL Firearms, and 1800lastbid.com.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Copart: Copart is the largest US online auto auction platform operating 200+ facilities nationwide, directly serving insurance companies, banks, and dealers. It is the dominant incumbent in the same vehicle/asset recovery auction category where Repocast competes, with vastly greater scale and geographic reach.
• IAA (Insurance Auto Auctions): IAA operates the largest North American salvage auto auction network, owned by RB Global. It competes head-on with Repocast for repossessed and total-loss vehicle inventory from financial institutions and insurers, with national physical infrastructure and proprietary online bidding technology.
• Manheim (Cox Automotive): Manheim is the largest US wholesale auto auction operator under Cox Automotive, running 130+ physical auction sites. It serves financial institutions, dealers, and fleet operators for repossessed and off-lease vehicle liquidation, competing with Repocast in the same core vertical with substantially greater scale.
• Liquidity Services: Liquidity Services operates multiple online auction marketplaces including GovDeals, Liquidation.com, and AllSurplus Deals, serving government, commercial, and consumer surplus liquidation. It is comparable to Repocast across multiple asset categories and customer segments.
• eBay Motors: eBay Motors is the largest consumer-facing online vehicle marketplace, offering both auction and fixed-price formats. While it does not focus on repossession/asset recovery, it competes for the same individual and SMB seller/buyer audience and provides pricing transparency that affects Repocast's consumer segment.

Direct peers

• Ritchie Bros. Auctioneers: Ritchie Bros. (part of RB Global) operates the leading online and physical auctions for construction equipment, trucks, and industrial machinery — directly comparable to Repocast's monthly specialty auctions for construction equipment, semi-trucks & trailers, and industrial machinery.
• Proxibid: Proxibid (formerly part of eBay, now owned by Liquidity Services) is an online auction marketplace aggregating heavy equipment, vehicles, and government surplus assets. It is a direct platform competitor to Repocast for online-only bidders seeking similar asset categories.
• GovDeals: GovDeals is a leading online auction platform for government and municipal surplus assets, directly competing for the Government & Municipalities segment Repocast targets. It serves many of the same federal, state, and local agency sellers with similar online timed-auction mechanics.
• Orbitbid: Orbitbid is a direct sister company within the Miedema Asset Management Group, operating online auctions for heavy equipment, trucks, and industrial assets. It shares the same parent technology and bidder network as Repocast, making it a directly comparable marketplace.

Emerging players

• AuctionTime: AuctionTime, operated by Sandhills Global, is an online marketplace for farm equipment, construction equipment, and trucks. It competes with Repocast's specialty equipment auctions in the construction and heavy equipment category, with a stronger focus on agricultural assets.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/Repocast
• YouTubeyoutube.com/@RepocastCompany
• Facebookfacebook.com/repocastcom
• LinkedInlinkedin.com/company/repocast
• Instagraminstagram.com/miedemagroup
• TikToktiktok.com/@miedemagroup

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Repocast.com