Tradeouts launches CanBid bidding service for vehicle auctions

Leading trade-to-trade website Tradeouts has launched CanBid.co.uk, a service to enable car dealers to bid at multiple vehicle auctions around the UK.

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Daventry, Northants (PRWEB UK) 20 March 2014

Tradeouts.com, the UKs largest independent trade hub for car dealers has expanded its product range by unveiling its latest website CanBid.co.uk. The new one-click service allows car dealers to bid at auctions around the UK without needing to create an account with the auction beforehand.

Managing Director of Tradeouts David Brown says, “Shortage of good quality used car stock has forced car dealers to travel further afield to source the right vehicles, which for many is a costly, administrative nightmare. A car dealer in Devon may not have sight of a vehicle at auction in Edinburgh, let alone have an account with the auction house. CanBid powered by Tradeouts solves this.”

CanBid works by vetting potential bidders in advance so they are approved to bid at participating auctions by simply providing their CanBid ID, doing away with the need to fill in application forms. The auction house verifies the bidders’ details on the CanBid system and approves the bid immediately.

Managing Director David Brown says, “It’s a perfect solution for the auction and buyer alike, the auction house achieves the best price by their vehicles being advertised to our car dealers who now have bidding barriers removed. The buyer has a wider range of auction stock to bid on without time consuming administration. With over 50 independent auction houses in the UK CanBid brings auctions and dealers closer together”

To kickstart the CanBid service, the 4,500 Tradeouts trusted customers have qualified for a CanBid account to use immediately, independent auctions are already signing up to the scheme.

Michael Simmons, General Manager of Shoreham Vehicle Auctions, adds, "With the success of online bidding coupled with the shortage of stock, we are experiencing a growing number of bidders from all over the country. CanBid is a great piece of technology, simple to use and bolts on to our systems seamlessly. With over 4,500 Tradeouts buyers looking at our stock on a weekly basis, being able to view condition reports, images and then leave bids is a real asset. The CanBid system is the perfect addition to Tradeouts.com."

Vehicles from participating auctions advertised on Tradeouts are identified by the CanBid logo, letting bidders know the vehicles can be acquired with the minimum fuss and delay.

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About Tradeouts.com

Tradeouts.com is the largest independent trade-to-trade web site in the UK used by over 4,500 car dealers. Formed in 2012 by founder David Brown Tradeouts is an independent company based in Daventry UK. For more information visit http://www.tradeouts.com or call 01327 589589.


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