Vehicle Auction

What is Vehicles E-Auction? What are its types?

E-Auction basically is buying and selling goods and services from multiple sellers. When we talk about vehicle e-auctions, it means buying and selling vehicles (both used and new) through an online platform. The E-auction comes in different types and formats which include reverse auctions, sealed-bid auctions, and Dutch auctions. The most popular e-auction among these types is the online auction which takes place over the internet. Here our focus will be on the popular type called online auction.

An online auction, which is also known as Online Reverse Auction is an official business process which takes place over an online platform to request bids from multiple suppliers for a used or new vehicle. The auction is called “reverse” because of the competition between suppliers to offer the lowest price for the vehicle. The supplier then with the lowest bid gets selected by the buyer which gives them the best value for their money.

The vehicles available for sale in vehicle auction online in India fall within the price range, which meets the budget expectations of consumers from all categories. The vehicles are available from top brands such as Audi, Bajaj, Hero, Toyota, Hyundai, Maruti Suzuki, Ford, etc.

There are 3 types of vehicle auction, namely: Car Auction, Bike Auction and Scooter Auction.

Why should you Choose an Online Auction for Buying a Vehicle?

Choosing an online auction over any other auction has its own unique benefits for businesses. Firstly, this type of auction is very cost-effective and also increases competition between suppliers, which leads to better-quality vehicle offerings. Not only that, but it also helps buyers to compare prices quickly to make an informed decision, leading to its growing popularity.

If you are looking for a suitable platform for online auctions to buy a vehicle, then Droom is the right place for you which operates vehicle auction in India through its platform. Droom helps in buying cars, bikes and scooters through e-auction and reach a wide network of verified sellers.

Sell your Vehicle through Live E-Auction on Droom Quicksell

One gets to enjoy a lot of benefits if one chooses to sell their vehicle through Quicksell. It presents you with the option of multiple buyers along with tools to compare prices for selling your vehicle to the best buyer. Quicksell also helps you to reach a wide network of verified buyers and assist you in selling your vehicle within 24 to 48 hours.

If you have a vehicle to sell, then wait no more and quickly join the online auction platform “QuickSell” to have a seamless and hassle-free online auction experience.

How to Sell Vehicles through Droom Quicksell?

To join Quicksell for vehicle auction, the below steps are required to be followed:

1. Create a quick listing on Droom by sharing vehicle details
2. Join the live and transparent auction
3. Sell your vehicle by selecting the highest bidder

That’s all you have to do, isn’t it simple?