Auction Streaming Is Adding More Value to the Auction Process

Being an industry-leading AMS provider with a fully functional and independent online Cloud Auction Management System, we are sharing our views on the current wholesale market.

Despite a large amount of uncertainty in market behavior and the slight decline in US vehicle sales in 2019, the demand for quality used vehicles remains strong countrywide. Dealers are keen to purchase stocks to fill their forecourts. The auction halls stay busy as well as many online bidders are registering for the sale events via online platforms.

However, there is the industry pain point that stands in a way of the seamless vehicle acquisition process: The demand for full-service auction management software considerably outweighs supply. Too few independent auctions are embracing digital technologies to benefit dealers and help them save time, money, and hassle.

At Auction Streaming, we are totally ready to step up and offer our range of solutions as we are armed with innovative products and services.

We continuously improve the bidding experience at auto auctions by collecting dealers’ and manufacturers’ feedback and recommendations. Most recently, we have exhibited our products at the annual National Remarketing Conference in Las Vegas.

Aside from showcasing our suite of auto auction software and presenting our A.I. - powered Unified Solution, we spent a week communicating with dealers and independents and getting the feel for the best way to design our future products.

Below we shared some fears and concerns expressed by auction owners:

Cost

Implementing auto auction software is often associated with enormous expenses. However, when it comes to improving the auction experience for both buyers and sellers and optimizing for a new auction audience, it’s rather an investment than spending. Take, for example, dealers staying in lines waiting for their bidder badges to be printed out. It’s a tiresome experience that dealers would gladly cross out of their to-do lists. Our system can make it happen as we have built functionality that enables issuing fully-valid digital badges via our SimcastsTM Mobile Dashboard App. Not to mention the ability to be virtually present at the auction, place bids and set proxies without even leaving an office or interrupting the working day.

Once you invite the large online audience to your auction with our auto auction software, you will see a huge payoff.

However, the auction management software can indeed be prohibitively expensive when an AMS provider is trying to sell modules and features that the auction doesn’t really need at the moment. At Auction Streaming, we always weigh up whether a particular auction requires the whole suite of our solutions or the basic package will do the job.

Learning Curve

When you are moving from the old way of doing business to the new-and-improved one, it’s not the auto auction software price that might be keeping you from taking a final step, it’s the learning curve. Educating your whole team on a new software requires time and effort and might likely reduce the effectiveness of your staff for some time.

With that in mind, we have managed to build a system that is powerful and complex on a back end and easy-to-learn on a front end. To become users of our software, your team doesn’t have to be all techie and skilled, basic computer literacy is enough.

Support

Besides this, we don’t abandon our customers half-way through the transition process. We provide after-sales customer support to make sure that you use our auction management software to the greatest extent possible without running into any difficulties.

Retool your auction for better buyer interaction and involvement! Contact us to talk about how we can help you sell more vehicles and attract more people to your sale events. Make sure to check out the wide range of products and services we provide.