Direktcar.ro, a car auction platform through which Romanians can sell or buy cars, is officially launched. The platform brings online real-time viewing of passenger cars. This technology allows the presentation and purchase of cars from any locality in the country or abroad.
The investment in the development and launch of the platform amounts to 500,000 euros.
“We created an online car auction platform to improve the way used cars are sold, so that they are sold faster and at a fair price based on supply and demand. If through a classic car sale ad you don’t know when the transaction happens, at the auction this term is clearly established. As a rule, a sale through a classic ad can last up to 6 months, but through the auction method the sale can take place between 14 and 30 days. There is only one viewing day and one closing day for the car auction. In addition, a considerable advantage is the fact that the car owners are the ones who sell, not the auction house – the Direktcar.ro platform is a channel for promotion and accelerated sales, and the transaction is concluded directly between the owner and the buyer, usually in a physical encounter. The second-hand car market is constantly growing in Romania, and in most cases Romanians want to sell or buy the desired car as quickly as possible, which is why the auction is an effective method and appreciated by users regardless of their purpose”, says Cristian Aconi, founder of the Direktcar.ro online car auction platform.
In the first months since the platform became available, the number of car listings on Direktcar.ro has grown to twice as much month-on-month, with hundreds of cars currently up for auction.
Online car auctions on Direktcar.ro work like a standard auction, with the difference that they take place online, and the cars are sold directly by the owners. Used cars are listed on the platform with a starting price, but which is lower than the minimum price desired by the seller. The price is to increase depending on the offers of potential buyers.
Those who want to sell or buy cars through car auctions on Direktcar.ro must create an account on the platform. Sellers must fill out a form with a range of information about the car and related photos. They can also set a “reserve price”, that is, a minimum price below which they will not be obliged to sell the car, unless it is reached or exceeded by auction. If this option is not set, the car will be sold at the highest price obtained in the auction.
Car auctions start 7-14 days after cars are listed on the platform, during which time potential buyers can review and view the cars. The auction can last up to 7 days, and the duration of the auction and the date and time of the closing of the auction are set by the seller, during which time buyers offer the desired price above the last listed price.
The auction closes at the last price offered with two minutes before closing. If a new bid appears in the last two minutes of the auction, the auction will be extended for another two minutes until no one else bids more. If no new bid appears within this interval, the auction closes. If the price obtained is above the minimum price, the buyer will be directed to the checkout. After paying the auction fee of 1% of the purchase price, the contact details of the buyer and seller will be automatically sent to each of them. If the price obtained is below the set minimum price, the seller will receive an information email and will be able to decide whether to accept that price or reject it. If they accept the sale price below the minimum price, the buyer will be notified and directed to the checkout. After paying the auction fee, you will receive the seller’s contact details. The sale-purchase transaction takes place directly between the owner and the buyer in a physical meeting.
