AUCTION NEWS
New site set to disrupt market
A new auction website is launching in SA which is aimed as much at the public as the trade
Launching in September, the owners of auction.co.za say their new site will disrupt the auto sales industry, much like Uber and Airbnb did in their industries. The platform aims to offer an alternative digital marketplace for South African consumers when buying and selling vehicles. The company says it wants to completely change the way people buy and sell cars, bringing back transparency to the core of sales. As an ancillary of DealersOnline, auction.co.za has 11 years of experience in the online auction space, accumulating auto data and creating algorithms to drive its latest innovation. Big data, backed by technology, is good news for secondhand car sales, as consumers will ultimately reap the rewards, says the company behind the project. DealersOnline says it sells more than 5,000 vehicles month from corporate fleets, rental firms, dealers, banks and OEMs and it says it is a natural progression to give consumers their own marketplace. Co-founder of the company behind the project...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.