Does Provide Cars bid live at the car auctions in Japan?
We do not physically attend the auctions we bid on cars at, for the very simple reason that there are over 90 every week all around the country, and the bidding machines at the auction site work the same as the ones in our office. There is no point adding huge staff costs by actually visitng all the auctions when we can bid remotely just as easily.For most cars we bid live. What this means is that we click a button on our computer to increase our bid until we either get the car, or it goes over our customer’s budget, so that we stop bidding.Now, since we are dealing with fractions of a second, there is a risk that when we get close to the customers budget, a single click on our side could be preceded by other bidders clicking their buttons, resulting in a jump in the price taking, taking it a little over the customers’ maximum bid.We have two choices about how we approach this: First of all, most of our customers realize that, since they are winning cars at auction for less than their
