The Rise of Car Auction Sales. What's the Secret?

Thursday, 08 June 2017 11:28

The Rise of Car Auction Sales. What's the Secret?

LOS ANGELES, April 29, 2014 -- The majority of people consider buying a used car a big issue. That's why researchers have performed a thorough background investigation of the car trade process. They concluded that there are several main domains of car selling through newspapers, printed advertisements (flyers, booklets, posters, billboards), internet and other market places.

You will soon realize that advertisements in newspapers are typically short and you should refresh them each week. Not only will you lose your time and money, you'll also lose viewers because they're not as sought-after as they used to be. Nowadays, the best way to have more buyers for your inventory is to market your business via Internet. It's been found that web-sales increase steadily day by day.

There are two major branches of online car marketing you can deal in: classifieds ads and auto auctions. Let's make a comparison between these methods: which of them is the best and presents the most effective way of selling cars.

Classifieds generate more leads than actual sales, because the real transaction doesn't always happen online. The seller posts his car in classifieds for the asked price and the leads contact the seller. 98% of these leads will not become buyers. You'll agree that it's time-consuming to answer 100 calls and to have only 2% chance of actually selling the car.

Why are people attracted to the auctions so much? Why do they choose to go to an auction instead of other car market places?

Experts claim that the auctions' authority increases not only due to more cars being sold but also to the fact that those cars are gone for higher prices. It's useful to keep in mind that there are a lot of different car auctions to choose from, so it's the high time to decide which one is right for yourself. Most auto auctions are run for dealers only, but some are open to the public.

Vehicles presented at public auto auctions are generally rentals, tow auctions, repossessions or government vehicles and those of ordinary owners. Most American banks and many federal agencies sell their vehicles at public auto auctions as well. The majority of sellers at these auctions are financial firms who seek to place the off lease automotives returned at the end of the lease period. Even police, FBI or DEA-confiscated cars are put for selling there. It is an ideal opportunity to get a good deal with a great profit, but when it comes to live auto auctions, most people feel troubled about the warehouse full of professional automobile traders.

Online car auctions are the most favorable solution that will make it easier for you, helping to get rid of the stressful atmosphere. Public Auto Auctions today are attended by more and more potential buyers, so there is an excellent perspective to sell your car with a great revenue!

It's considered by the majority of the researchers on the topic that Online Public Car Auctions are the most effective method of advertising to the public. A car auction can be a great method of selling your car, because it is searched daily by millions of online shoppers. There is an advantage of online auctions over classifieds, in regards to sales success. The potential buyer finds the car you are selling, places a bid or an offer on your vehicle, and if it matches your reserve price, or you accept the offer, then the car is sold.