{"id":945,"date":"2021-11-08T19:15:18","date_gmt":"2021-11-08T18:15:18","guid":{"rendered":"https:\/\/info.openlane.eu\/faq\/%faq_cats%\/what-is-adesas-auction-process\/"},"modified":"2024-11-14T09:42:08","modified_gmt":"2024-11-14T08:42:08","slug":"1-11-what-is-openlanes-auction-process","status":"publish","type":"faq","link":"https:\/\/info.openlane.eu\/en\/help\/faq\/for-sellers\/auction-process-sell\/1-11-what-is-openlanes-auction-process\/","title":{"rendered":"1.11 What is OPENLANE\u2019s auction process?"},"content":{"rendered":"

We offer five different types of auctions:<\/p>\n

Dynamic auctions<\/strong>
\nThese make up the majority of the auctions at openlane.eu. The process for a dynamic auction is very simple: the auction is set up for a specific amount of time. Buyers can see what the current highest bid is at any moment. Bidding is closed when the auction ends.<\/p>\n

Target auctions<\/strong>
\nTarget auctions are similar to dynamic auctions, but with one important difference: a reserve price is defined in advance. This is listed near the current price. If the target price is reached during the auction, the highest bidder is guaranteed the sale.<\/p>\n

Buy Now auctions<\/strong>
\nIn a Buy Now auction, buyers can reserve a car immediately by bidding the Buy Now price. It\u2019s also possible to place a bid for less than the Buy Now price, however in that case, the seller has the right to accept or refuse the offer. For \u2018Buy Now and Pick up\u2019 auctions, the basic process is the same, but the car is ready to be picked up as soon as the auction is finished.<\/p>\n

Blind auctions<\/strong>
\nA blind auction offers a particular advantage: buyers do not see each other\u2019s bids. There is no bidding competition, buyers send in their best offer before the end of the auction and we’ll send you the highest bid.<\/p>\n

24\/7 Stock Sale<\/strong>
\nIn a \u201824\/7 stock sale\u2019 you can buy stock cars at fixed prices. Discover a wide range of cars that are available for immediate purchase at the \u2018Buy Now\u2019 price, 24 hours a day, 7 days a week.<\/p>\n

Stock cars are added on a daily basis, making it easy to find new options regularly. This stock sale is the perfect solution if you prefer not to buy in an auction setting, offering a straightforward and efficient way to acquire vehicles.<\/p>\n","protected":false},"excerpt":{"rendered":"

We offer five different types of auctions: Dynamic auctions These make up the majority of the auctions at openlane.eu. The process for a dynamic auction is very simple: the auction is set up for a specific amount of time. Buyers can see what the current highest bid is at any moment. Bidding is closed when…<\/p>\n","protected":false},"author":1,"featured_media":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"faq_category":[159,147],"class_list":["post-945","faq","type-faq","status-publish","hentry","faq_category-for-sellers","faq_category-auction-process-sell"],"acf":[],"yoast_head":"\n1.11 What is OPENLANE\u2019s auction process? \u2013 OPENLANE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/info.openlane.eu\/en\/help\/faq\/for-sellers\/auction-process-sell\/1-11-what-is-openlanes-auction-process\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"1.11 What is OPENLANE\u2019s auction process?\" \/>\n<meta property=\"og:description\" content=\"We offer five different types of auctions: Dynamic auctions These make up the majority of the auctions at openlane.eu. 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