Online car auctions

Comparatively young, but quickly developing business in Europe, oriented to car dealers. The new trend of online multi-auction platform is probably the most convenient tool to meet seller's and buyer's needs at minimum resources and at low costs from any place worldwide. This is also the most clever way for fleet managing companies to de-fleet cars quickly and at market price.

As this business grows rapidly, there appear to be only a very few trusted online auction operators in Europe, who can daily provide sufficient amount of choice of ex-leased, off-rental, company’s fleet cars, also - repossessed, trade-in vehicles from many respective and reliable suppliers all over Europe: banks, leasing companies, manufacturers and other authorities.

Seeking to make online car auctions more transparent and reliable for customers, ECAA is to offer evaluation and certification of online vehicle auction platforms as well as their brokers.