Vendor Online aims to enable vendors to attend auctions even if they are not there by allowing vendors to log on and ‘attend’ more than one auction at once to represent their vehicles as if they were standing on the rostrum with the auctioneer.
The new service is designed to increase participation of vendors who find it difficult to attend auctions, and also improve buyer satisfaction thanks to quicker decisions and a reduction in provisional sales.
Vendor Online provides audio and video of the auction as it happens and gives the vendor the option to click 'On Sale' once the bidding has reached an acceptable level.
Andy Conde, group auctioneer, Manheim Remarketing, said: “Anything that can help the sales process at an auction is to be welcomed and Vendor Online does just that.
“Vendors who are unable to get to the auction can still represent their vehicles and make timely decisions as if they were there in person and that certainly meets with buyers’ approval.”
Mike Pilkington, managing director, Manheim Remarketing, added: “This enhancement to Simulcast is another first from Manheim and places us a step ahead of the competition.
“It has been designed to integrate with existing sale day operations so that auctions with attending vendors and auctions with remotely attending vendors operate in the same fashion.
“We have already trialed this service with a number of vendors with very positive results and feedback.”
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