EV Auctions versus marketplaces

Historically Automotive Auctions have been reserved as “Dealer Only” events. But as technology has progressed and the consumers desire for a better online car shopping experience, open to the public online Auctions are becoming very popular. Here are just a few reasons why:

•  The competitive nature of an auction creates an environment where sellers receive optimal value based on true market supply and demand.
   
•  Buyers feel comfort in knowing that paid fair market value and not significantly more than anyone else would ever pay. In other words, buyers never feel like they got ripped off!
   
•   Live Auctions are Fun and Exciting for both the Buyer and the Seller!
   
• It’s an Efficient sales process. No more un-nerving meetings with individuals at a grocery store parking lot or spending hours and hours at the dealership.
   
•  Eliminate awkward face to face confrontational negotiations.

Auctions determine the true market value of the EV you are looking to buy or sell, as the true market value of any asset is what someone is willing to pay.