Car auctions see COVID boon as buyers 'reallocate' resources - Business Insider

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Car auctions have seen a digital boon amid the pandemic, with industry leaders citing a 'reallocation' of priorities and resources

, agreed — the numbers of both sales and bidders are way up on his site this year. He told Business Insider that there are 485,000 registered users on Bring a Trailer, and more than 205,000 of those are registered to bid. That's up from the 130,000 registered bidders this time last year.

"That is a 47% increase in sold listings and our average listing sale price was also up 13%," Nonnenberg said.To start with, car enthusiasts. "Anecdotally, people have just shifted priorities in 2020," Nonnenberg said. "Most people aren't spending on vacation so they are re-allocating resources. They're spending time with family, in the garage, in a tighter radius around their homes, and with limited social gathering.

 

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