Jan 21, 2021
Non-auction options like a 24/7 daily online marketplace, which provides a more retail-like purchasing experience with ‘Buy Now’ and ‘Make Offer’ options, have also drawn more digital buyers while increasing seller control over the price and process.
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Among the many changes brought on by the COVID-19 pandemic was the halt of most in-person events, which can be problematic when you're in the business of auctioning commercial trucks.
Capability to bid remotely has been commonplace for many years, but the onset of the coronavirus – coupled with government restrictions on gathering in one place – forced a full transition for many auction houses coast-to-coast.