HOW TO DETERMINE AUCTION BID AMOUNT- part 2 (AKEBONO)


Some people think that auction price of car in used car auctions formed chaotically , but it is not true, there are rules and reasons, why car is sold for that particular price.


First part you can read here: https://www.akebono-akb.com/post/how-to-determine-auction-bid-amount-part-1-akebono


Today we will explain how the auction start price influences the final price. Auction start price is the price from which auction bidding starts for the car. The start price is always set up by seller of the car.


Many people feel that the starting price does not have much effect on the auction. No matter how much the starting price is, if you have a good car, you will have many bids, and if you have a bad car, you can think that there are no bids.

However, the idea is actually incorrect. Setting the starting price can often influence the final winning bid. For example, in this case, let's say you set the start price to 100,000 yen. In this case, the bidders think, "What? A car in such a good condition is only 100,000 yen?" If you do so, you may come to the idea that "the condition is so good and 100,000 yen ... maybe the seller is hiding something?" And the bid may be forgotten.

If you set the starting price to 1.5 million yen, you may get "Wow, it's expensive. Let's not bid this time." If you put too low a price, the auction may end up being sluggish, and on the contrary, you can't put too high a price.

Therefore, it is important to set the starting price. It is not too expensive and not too cheap, and it is necessary to set a price that makes bidders think, "Is it okay to bid at this price?"


From the bidder's point of view, the starting price is a measure of how confident the seller is in the car. If the starting price is high, you can see that "Oh, this seller thinks this vehicle will sell to some extent." On the contrary, if the starting price is low, you can see that you do not have the confidence to sell high.


Thus start price giving bidder the idea of will it be expensive or cheap car.


If the start price in in the range of 10,000- 20,000 JPY car will be sold higher than

START PRICE + 10,000 JPY


If the start price in in the range of 30,000- 50,000 JPY car will be sold higher than

START PRICE + 20,000 JPY

For instance, start price is 30,000 JPY , car will not be sold less than 30,000+20,000=50,000 JPY


If the start price in in the range of 60,000- 90,000 JPY car will be sold higher than

START PRICE + 30,000 JPY


If the start price in in the range of 100,000- 500,000 JPY car will be sold higher than

START PRICE + 300,000 JPY


If the start price in in the range of 600,000- 500,000 JPY car will be sold higher than

START PRICE + 500,000 JPY


There are exeption from above rule. Car could be sold very close to the start price in case car is being auctioned at following auction corner, where the sold prices are low:


1) 事故現状車コーナー Current accident car corner

2) ロープライス売り切りコーナー Low price sold out corner

3) ホワイトコーナー White corner

4) 売り切りコーナー Sold out corner

5) ロープライスコーナー Low price corner

6) 123売切り コーナー 123 sold out corner

7) G買取店 0・1・2・3売切りコーナー G purchase shop 0 ・ 1 ・ 2 ・ 3 sold out corner

8) 軽売切り Light sold out

9) 検査なし売切り Sold out without inspection

10) MAX”10”コーナー MAX "10" corner

11) ゼロ売りコーナー Zero selling corner

12) ワンチャンコーナー "Wanchan" corner

13) 1POS1,000円0売りつくしコーナー 1POS 1,000 yen 0 sold out corner



Read more: https://www.akebono-akb.com/blog


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