A reverse auction started on eBay

Posted on Friday, 29 June 2012 , 11:06:50 byIulia

Filed under ebayauctiondodgetoyotanissanSpecialty MarquesAmericanToyotaNissanChevrolet

A reverse auction started on eBay


It might sound a little strange and unusual, but it is true. eBay is trying to find out how low can consumers can go in a modern version of the classic Summer Tent Sale. They offer great deals on new 2012 vehicles. It started yesterday and will last until July the 2nd in collaboration with AutoNation Direct and more than 50 units will be available. The price of the vehicle will decrease every hour until one of the bidders decides the right time has come and makes the purchase. The models available for purchase include new Chevrolets, Dodges, Fords, Jeeps, Toyotas and Nissans. One at a time, each vehicle will be on display at and it will remain there until one consumer will decide the price is too low and the deal is too good to pass up and just buys it before it is too late. Some of the vehicles available are a Ford Mustang, Dodge Charger, Toyota Prius C, Ford F-150 and Chevrolet Camaro. The starting price is the manufacturer suggested retail price and gradually will decrease every hour unit someone decides it is time. There is no minimum reserve. The strange auction started yesterday at 12 PM and will end on July the 2nd at 8PM, or even earlier if the vehicles available will be purchased. The new 2012 vehicles will be listed on the AutoNation Direct eBay store, but not after 8PM. Each buyer will have to secure its winning bid with a $500 deposit and the models will be offered for sale nationally. All prices include dealer fees and consumer rebates. Title fees, shipping and tax must be paid separately. There is a limit for buying. For example one household, one car and the full payment is required within 3 days.