GLENDALE, Calif., Nov. 17, 2016 /PRNewswire/ -- RepoKar.com formally announced today that they are in negotiations of buying out Public Auction Finder and Auction Media Group, both private companies promoting private auctions and auctioneers nationwide.
When these negotiations push through, RepoKar will further grow their already large network of online auctioneers by reaching out to a bigger audience who also liquidates other types of property. While RepoKar is still the nation's leading online auto auction site that provides car dealers a safe online platform, the staff at RepoKar believe that they are providing an essential service to businesses that need urgent sales of their inventories. This expansion from the auto sales industry industry to other auctioneers is a way to tap into a market with different needs. The prospective auctioneers on RepoKar, similar to car sellers, will have three options on how to liquidate their inventories: buy now option, auction, and make-an-offer. A buy now option is an as ease non-negotiable purchase. But a sale by auction creates competition allowing buyers to bid against each other. Similarly, make-an-offer option builds excitement by allowing buyers to negotiate the price with the car seller. When it comes to generating sales events, auction houses need to generate a big buzz to compete with other dealerships and private sellers. RepoKar is the perfect platform because they already have all the established tools, such as social media, print media, and other forms of advertising, to assist auctioneers with their much needed publicity.