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June 12, 2006

eBay Auto Auctions

eBay auto auctions - or, more accurately, vehicle auctions - are THE most profitable category on eBay and I've been curious about how to sell on eBay Motors. I'm not personally interested, but I have students who are. Here are a few of the tidbits I've discovered about this immensely profitable selling area on eBay.



1. With a used car auction, the single biggest issue is - no surprise - trust. Therefore VINs (Vehicle Identification Number) and current title transfers are MUSTs. Without them, you won't sell a skateboard.

1. Classic car auctions are somewhat different. These aren't folks looking for dependable family transportation. Their numbers are smaller but they are passionate about their cars. There is a dual function for classic car auctions:

* Sell any that you own for a nice profit

* eBay Motors is a great place to acquire new stock. Folks who like to work on old cars can often acquire real bargains that can be repaired and sold. Caution: this only works if you want to do the work yourself. Generally, there isn't enough room to pay a mechanic - and still make a profit.

3. Truck auctions are a very different game. There is no emotion here. Almost every buyer is interested in a truck as a functional vehicle and so the emphasis isn't really on selling. Instead, focus on specifics about the truck, since most buyers already have a clear picture of what they're looking for and have already 'sold' themselves.

Posted by SydneyJohnston at June 12, 2006 1:39 PM

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Comments

My neighbor bought her teen aged son a used car from an eBay auction. She was very aware of fraud and was incredibly thorough about checking every single aspect of the car, including inspection, reviewing all the terms, getting very clear on delivery, etc. Her attention to detail obviously paid off because the transaction was very successful and Marty loves his "new" car. Nice to have everything work so well.

Posted by: Treadmill Review at June 15, 2006 11:51 AM

 
 
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