Best Bike Bid launches to the trade

Straightforward stock with Best Bike Bid

Most online auction platforms focus on the seller, but what the UK dealer network really needs is a platform exclusively focused on providing fresh daily stock, at trade prices, direct to dealers.

Bestbikebid.com is an all-new online platform that aims to provide a link between trade buyers and the selling public within the motorcycle marketplace. The consumer-facing platform will be launched in Q1 2023 to attract stock, with the dealer-facing platform launched ahead of that to allow dealers to register. The two will link together to form www.bestbikebid.com.

This trading platform is the first of its kind in the motorcycle industry. It doesn’t buy or sell motorcycles, but it does introduce sellers that are looking to shift their motorcycles to the trade after receiving the best bid.

This will provide a means for dealers to access prime quality UK stock at the best trade prices without competition from the general public. At a time when quality stock can be hard to find, the new platform will allow dealers access to a flow of available stock which will be offered through daily alerts that the dealer can receive on any device. Dealers and other organisations can also use the platform to sell surplus stock, on a B2B basis.

Bestbikebid.com will only allow genuine motorcycle dealers to register, so the trade can be assured that they are only bidding against other UK motorcycle dealers. And ahead of the public launch, Bestbikebid.com has chosen to launch its “dealer onboarding” phase here in the January issue of BDN. Dealers are encouraged to visit www. bestbikebid.com and register now. It’s completely free.

The platform has two faces to it. The public facing one and the dealer facing wrapper, each has their own journey as explained below. Best Bike Bid dealer@bestbikebid.com www.bestbikebid.com

THE PUBLIC JOURNEY

A SELLER WISHES TO SELL THEIR BIKE – WHY WOULD THEY use bestbikebid.com? y It’s completely free – no hefty advertising costs or auction fees – zero cost. y No tyre kickers, timewasters, etc. – hassle free. y Sellers receive numerous bids for their motorcycles so they can be sure they are achieving the best price in the industry.

HOW DO SELLERS KNOW THE TRADE PRICE OF THEIR BIKE? The seller inputs their registration number into the platform, which will generate a value using an algorithm powered by Live Market valuation software that gives the seller a trade value range that they can expect for their motorcycle.

HOW DOES THE SELLER’S MOTORCYCLE APPEAR ON THE Best Bikes Bid platform? y The software ensures that each motorcycle is fully profiled with an accurate description, detailed photos, spec, service history, condition and region – everything the dealer needs to know before making a bid. y After all details have been uploaded and the bike goes live, registered dealers will receive an alert and the auction begins.

Once the seller is happy with the highest bid, they will confirm the offer on the platform and the winning dealer is automatically informed. From here it is up to the dealer to make direct contact with the seller and purchase/collect the motorcycle. THE DEALER JOURNEY

HOW DO I RECEIVE ALERTS OF fresh stock? y The dealer simply registers on www.bestbikebid.com – Free registration is available now. y Daily alerts will be automatically sent to the dealers’ device with full details of the motorcycles as they are uploaded to the platform, along with an invitation to bid.

HOW DO I PROPERLY ASSESS THE background of the motorcycle and make a bid? y In addition to the accurate description and photos provided by the seller, each dealer has tools within their portal that allows them, at no cost, to run a HPI check on the motorcycle by typing in the VRM.

HOW DO I GET THE CONTACT details of the seller to arrange purchase and collection? y Once the bid price is confirmed by the seller, the winning dealer can pay by credit card (a small

introduction fee will be added to the sale price). Once the payment has cleared, an automatic email will be sent to the dealer with the seller’s contact details. y From there it is up to the dealer to arrange collection from the seller.

WHAT IF UPON INSPECTION THE accuracy of the description is not representative of the motorcycle? y If upon inspection the motorcycle is not what was expected, then the dealer will have the chance to adjust their final bid to the seller to reflect any condition. y If the purchase is unsuccessful the dealer will be entitled to a full refund of the introduction fee, less a standard admin fee, providing the dealer has acted within the

T&Cs. y Full T&Cs, data sharing agreement and Privacy Policy are all available at www.bestbikebid.com, which dealers will need to agree to on registration.