Manheim Remarketing launches eAuction sales product for trade buyers
The auction provides trade buyers with an offering of up to 150 fresh used vehicles every Monday afternoon. The selected vehicles will be less than six years old, inspected and in grade C or above condition, with warranted mileage of less than 100,000 miles and with full service history details and a V5c.
Trade buyers will be able to place bids in several ways and also to bid on more than one vehicle, i.e. if a buyer wants to place a bid before the eAuction has started, a Proxy Bid can be placed on as many vehicles as desired. The Proxy Bid system will then bid up to the selected amount. If the eAuction has started, buyers following online can place incremental bids on the vehicles they are interested in. Alternatively, buyers can enter their maximum bid and the eAuction software will bid automatically on their behalf, up to that amount, as bids are placed by other buyers.
Jonathan Holland, director UK & EU Online Products and Services commented: ‘eAuction is another online product delivered into the market place to yet again demonstrate our commitment and dedication to innovation and online technology. It is a new, quick and convenient way to buy vehicles online, giving trade buyers easy access to a great selection of used vehicles within a fixed time period, while maintaining a real bidding experience.’
The eAuction runs from 3.00pm to 5:00pm and will include a time extension if any bids are made in the last two minutes giving buyers more time to place a winning bid to secure the vehicle.For more of the latest industry news, click here.