Difference between traditional auction and online auction of used cars

The difference between online auction and traditional auction is as follows.

1, the operating cost of the auction. The operation cost of traditional auction is extremely high.

2. Auction cycle. In traditional auction, the working cycle of auction is as long as that of traditional auction.

3. Time and space constraints of the auction. Traditional auction is limited by time and space.

4. Batch review. Traditional auctions should strictly examine the collected lots before the auction.

5. Publish an auction announcement. Traditional auction is an activity to announce bids, and all citizens have the equal right to be told to hold an auction. Online auction is a random process.

6. Auction exhibition. In the online auction, only the relevant information and photos of the lot are displayed.

7. Real-time monitoring of the auction process. In traditional auction, the bidding process is completely transparent, and bidders can watch other bidders' bids at any time and bid in time without their own will. In online auction, bidders complete their bidding through the Internet in front of different computer terminals.