MYEG's digital portal for car ownership called MyMotor recently launched an online auto bidding platform called MyAuction. MyAuction let's private vehicle owners and auto dealers buy or sell used cars through an online auction.
The online car auction is open to the public so that both buyers and sellers, including private car owners and car dealers, can view the bids in progress.
Buyers are assured of getting the best price in the market as they deal directly with the seller without a third party involved.
For sellers, there is an opportunity to secure a higher price should there be strong demand among bidders. With online bidding, sellers will be able to reduce the waiting time required to sell their car.
The key features of MyAuction include:
Read more here