Auction FAQs How does bidding work?
Our partner, cuAuctions uses progressive bidding. With progressive bidding, the highest bid amount is public knowledge, and you can increase your bid in response to other bidders. You also have the option to use proxy bidding. This means you can enter the highest amount you’re willing to bid. If another bidder enters an amount higher than your current bid, your bid will gradually be increased up to the maximum that you set. You will also be alerted via email when you’ve been outbid so you can increase your bid amount. The auction ends at the stated Auction Close time, unless active bids are still coming. The auction will automatically extend in 15-minute increments as long as active bidding is taking place. The highest bidder at the end of an auction is obliged to purchase the vehicle in accordance to the auction payment terms.
