A report by British Car Auctions (BCA) of an online auction completing in just 82 seconds is further evidence of the increasing popularity of online reselling.
The sale saw a new record set in customer ‘click’ time as an Audi Q7 Quattro was bought for £21,250 online less than a minute and a half after it was listed.
Go deeper with GlobalData
Auction firm BCA has noted an increase in the popularity of online sales for some time; in February, over £3m was bid by BCA customers online in the space of a week.
With online channels providing detailed inspection reports, said D’Vidis Jacobs, commercial director of BCA, “buyers have all the information they need” when bidding electronically.
In a similar effort to provide additional services to online buyers, BCA competitor Manheim Remarketing has recently launched online selling tools for vendors unable to attend auction events.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
