Aug. 1, 2012
-- This year has been monumental thus far for NextLot, Inc. Not only did NextLot celebrate its 5-year anniversary, it also increased its international presence by expanding into South Africa. NextLot has partnered with a leading South African auto auctioneer to run live webcasts at its weekly auto auctions. Live online bidding is a growing trend for the auction industry in South Africa and NextLot’s bidder-friendly, easy-to-use software has made an immediate impact on the trend and is helping to transform the industry.
Park Village has used NextLot for 28 auto auctions in both Prolecon & Martindale, South Africa. In order to make online bidding a success at these live auctions, Park Village does an exceptional job of making online bidders feel like they are standing on the auction floor. With multiple high definition camera angles and live real-time audio, online bidders can bid on automobiles from the comfort of their own home or office with ease. The company has had an average of 60 bidders approved to bid online at every sale. In fact, at two recent auctions over 12% of all auction sales came from online bidders.
The partnership between the two companies is off to a fast start with NextLot’s online bidding solution helping to make online auctions more popular across South Africa. Park Village Auctions runs auto auctions every Wednesday morning at 10:30 PAST. For more information on these auctions and all upcoming auctions, visit parkvillageauctions.co.za.
About NextLot, Inc.: NextLot provides auctioneers with a fresh approach to online-timed and live webcast auctions by providing extremely easy to use, privately branded software for three main auction formats: Timed Auction, Webcast, and Pre-Bid. NextLot believes that auctioneers’
most important assets are their buyers and that these assets should not have to be shared with their competitors on a public portal. NextLot users build brand loyalty while enjoying full control of their customer base and avoiding exposure to competition. NextLot’s auction clients get the best of both worlds because they utilize NextLot’s white-labeled online auction solution to build their brand while leveraging its enhanced marketing efforts to see more bids and higher prices. For more information on NextLot, Inc and services offered please visit www.nextlot.com.