The Car and Truck Fleet and Leasing Management Magazine To Launch Auction-Style Listings

December 18, 2002, an automotive classifieds marketplace and consumer information Web site, plans to launch an Auction-Style Listings product in early 2003, leveraging its database of 2.2 million vehicles. The auction-style buying and selling tool will serve the needs of mainstream used-car buyers and sellers, giving sellers more flexibility to sell vehicles both online and offline. will not charge a sell fee, so buyers and sellers will not be forced to transact online if they are uncomfortable doing so. Sellers can use available tools to get the highest bid, generate more leads, and maximize value by moving vehicles between auction-style and classified listings. Unique site features include "Know When It’s Close," "Offer to Sell," "Auto Extension," and "Rating Recovery." Buyers will be able to bid on conditional auction-style listings, allowing the winning bidder to inspect a vehicle prior to completing the purchase, rather than relying on seller feedback ratings. This option removes the buyer’s fear of bidding on a high-cost item sight-unseen. In a company press release, president and chief executive officer Chip Perry said the product will "expand the size of the auction-style market by attracting mainstream consumers and dealers who have been on the sidelines until now."
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

Bob Graham joined ARI – Automotive Resources International in 1973. He began in the new-vehicle ordering area, moved to the maintenance management department, then to vehicle remarketing where he became manager, director, and then vice president in 2010.

Read more

Up Next

More From The World's Largest Fleet Publisher