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What Benefits Dealers and Buyers Get Through Online Auction of Used Cars

One man's trash is another man's treasure.

These days, car dealers are paying not less than $30,000 per annum to a skilled salesperson to handle clients in a one-on-one sale of used cars. Each year, millions of such cars are sold but only after lengthy negotiations with clients. Not a happy situation for car dealers around the world.

Is there an easier, faster and better way to such transactions? Online auctions seem to offer one of the most lucrative ways out for both car dealers and buyers. Let’s find out how.

Benefits of Online Auctions to Dealers/Sellers

  • Virtual inventory and real-time bidding 24/7
  • Offers and discounts made online
  • Removal of travel costs from the picture
  • Drastic reduction in employee overheads
  • Reach out to thousands of automobile dealers
  • Advanced online tools to control the entire auction process

Benefits of Online Auctions to Buyers

  • They can participate in auctions using customized mobile apps
  • They can purchase their favorite cars (salvage or used) at decent prices
  • Ability to gain full access to open and closed sales inventory
  • Quick and easy search of cars by vehicle type, model or year
  • Option to save all the searches you do for future referrals
  • Features allowing buyers to manage auction business on the go

Catering to a Niche Market

An e-auction caters to this niche market with a variety of bidding types. Dealers can upload pictures of their vehicle with all the specifications such as manufacturer, model, year and price . Similar to an offline auto auction, online auctions go through a bidding process and the ultimately buy. This type of electronic transactions consume less time and cost less money on the part of both dealers and consumers.

Steady Growth in Coming Years

In the United States, online auto auctions are growing in popularity with each passing day. With market research reports predicting steady growth of global used car market during the next four years (CAGR of about 7%), the trend for online car auctions is only going to be intensified.

Footnote

It is no-brainer that people who face budgetary constraints are always searching for a cheaper and fairer deal through such auctions loaded with cars for sale. Such cars are definitely cheaper than their conventional counterparts. If you are getting a good bargain on such cars online, why choose the time-consuming process of face-to-face negotiations with dealers. Also auctions online are known to be secure and reliable so far. Think about it.

Views: 53

Tags: Auction, By, Car, Cars, For, Online, Sale, Salvage

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