Used car auctions

Used car auctions have long existed in the motor industry and thousands of used cars are sold this way every year. These do ensure an immediate sale and normally will get a reasonable price for any car, close to the trade price. But they are normally used by businesses disposing of fleet or rental cars, vehicles taken in part-exchange and similar. Most private customers feel reluctant to commit their car to these auctions and it is not always simple to get just one car sold this way if you are not familiar with the auctions.

Our customers have asked us why they could not sell their existing car on-line to one of the thousands of dealers registered with Auto eBid. We have tested this proposition with selected cars and believe an online used car auction will be feasible and a benefit to our customers and dealers alike. Consequently we are preparing to launch a used car auction later this year.

This used car auction will, unlike our unique reverse auction for buying new cars, invite bids from our dealers on the vehicle, as in a conventional auction. A reserve price will give customers a minimum below which they are not obliged to sell. Bidders will be restricted to professional car buyers to eliminate "tyre kickers" and ensure a smooth sale.

If you would be interested in knowing more about selling through this service when it is launched, or registering to buy in these used car auctions, please contact us. In the meantime, if you need advice on disposing of your existing car, click here for some pointers.