Salvage exchange · Industrial auctions · Spare-parts exchange
Recover instead of scrapping.
Restbid brings three recovery channels under one login: the salvage exchange for damaged objects, industrial auctions for complete business equipment, and the spare-parts exchange for high-quality used parts.
In build-up: listing and bidding are currently free.
The background
Scrapping destroys locked-in value
Ecologically and economically alike: scrapping a damaged object throws away locked-in raw materials, energy and residual value all at once. In many cases there are buyers for whom that very object still holds value.
Raw materials stay locked in
Every vehicle and machine holds energy from manufacturing, steel and electronics. Reuse preserves this value. Shredding destroys it irreversibly.
Reuse beats recycling
The EU waste hierarchy ranks reuse clearly above recycling. A reused part saves the entire new production, recycling only a fraction of it.
Residual value instead of disposal costs
Instead of paying for scrapping, sellers achieve a market-based residual value from buyers who are specifically looking for that object.
Basis: EU waste hierarchy (Waste Framework Directive 2008/98/EC): prevention before reuse before recycling before disposal.
Vision & technology
Artificial intelligence for a real circular economy
Our vision is simple: no functional asset should be scrapped as long as it is still needed somewhere. Vehicles, machines, complete plant and individual components carry a real value, ecological and economic alike. Restbid makes this value visible and takes every object to where it stays in use.
To make this work at scale, we rely on artificial intelligence. From photos, damage descriptions and technical data our AI derives the realistic residual-value range, assigns each object to the right category and routes it precisely to the commercial buyers looking for exactly that. So the crashed van meets exporters and the damaged harvester meets agricultural-machinery refurbishers, without scatter loss.
We scale this principle across all recovery channels: from the single spare part through the complete vehicle to the entire machine park. AI recognises which components are worth reusing, bundles related plant and shortens the path from damage to new owner. This creates a circular economy that pays off for everyone involved and keeps resources in the loop instead of destroying them.
- Assess: Residual-value range automatically from images and object data
- Match: targeted matching with the right buyer network
- Recover: reuse before recycling, part by part
Three areas, one goal
One login, three recovery channels
Whether a whole vehicle, a complete plant or a single component, Restbid finds the right commercial buyer at every level.
Impact
Sustainability that pays off
Recovery is not a sacrifice but the economically better path, for sellers, buyers and the environment at once.
- Ecological
- Every reused object avoids new production and keeps raw materials in the loop. Reuse comes before recycling, as the EU waste hierarchy prescribes.
- Economical
- Disposal costs turn into revenue: the sealed competition of verified buyers yields the true market value instead of a scrap price.
- Robustly documented
- Every step is logged with a timestamp. The PDF residual-value certificate serves appraisals, claims settlement and sustainability reporting alike.
Who it's for
Two sides, one marketplace
For sellers
Appraisers · Insurers · Leasing companies · Insolvency administrators · Dealers
- Market-based residual values from buyers who specifically seek such objects
- Court-proof bid documentation with a PDF certificate
- No obligation to sell, you decide yourself after the deadline
For buyers
Salvage buyers · Machine dealers · Dismantlers · Exporters · Workshops
- Accident vehicles, damaged machines and plant straight from appraisals and claims settlement
- Subscribe to categories, matching objects by email
- Bid under sealed conditions, without the price-driving of open auctions
FAQ
Restbid & sustainability
What makes Restbid sustainable?
Restbid places damaged or decommissioned vehicles, machines and spare parts with buyers who keep using them instead of scrapping them. This keeps raw materials and components in the loop and follows the EU waste hierarchy, which ranks reuse above recycling.
What is a salvage exchange?
A salvage exchange is an online platform where damaged vehicles and machines are placed with verified commercial buyers in a sealed-bid process. The highest bid after the deadline is the defensible residual value, documented for appraisals and claims settlement.
Which three areas does Restbid offer?
Restbid comprises the salvage exchange for accident vehicles and damaged machines, the industrial auctions for complete plant and machine parks, and the spare-parts exchange for used components. The salvage exchange is active; the other two areas are being built up.
Is reuse really more sustainable than recycling?
Yes. The EU waste hierarchy (Directive 2008/98/EC) explicitly ranks reuse above recycling. A reused vehicle or component saves the entire new production including raw-material extraction and energy. Recycling recovers only part of the material.
Who may bid or list at Restbid?
Restbid is a pure B2B platform. Every participant proves their business registration and is manually approved. Sellers are mostly appraisers, insurers or insolvency administrators. Buyers are salvage buyers, dealers, dismantlers and exporters.
What does Restbid cost?
In the current pilot operation, listing and bidding are free. There is no obligation to sell: after the deadline the seller decides whether to accept the highest bid.
Give your object a second life
Register free of charge. After a brief check of your business you can list or bid. Recover instead of scrap, with binding documentation.
Register free now