NextLot's Online Bidding System Transforms Farm & Heavy Equipment Auctions In Canada

Heavy Equipment and Farm Equipment Auctioneers in Canada have found success in 2012 Thanks to NextLot Inc's Online Bidding Platform.

2012-07-12

RALEIGH, NC, July 12, 2012 (Press-News.org) NextLot's online bidding software has been monumental in transforming heavy equipment and farm equipment auctions in Canada. As the industry grows, the popularity of online bidding is on the rise. The secret to the success of these auctions has been the convenience of a bidder being able to bid in real-time on equipment from their homes or offices. NextLot has partnered with multiple auctioneers in Canada to provide a bidder-friendly system to bidders around the world.

In the first half of 2012, NextLot noticed a steady growth in online participation throughout Canada. At a recent heavy equipment auction in Ontario online bidders accounted for 20% of all sales. A couple of days later in Alberta over 33% of total auction sales were due to online bidders leading to almost $1.7 million sold. NextLot prides itself on giving first time online bidders a hassle-free experience that is crucial when building a strong buyer base.

Equipment auctions in Canada have been a tradition for several decades. It is vital for these traditional auction companies to keep up with the advances in online auction technology. NextLot's online bidding platform helps auctioneers in Canada and all over the world to obtain this modern edge. After an impressive start to 2012, NextLot and Canadian heavy equipment and farm auctioneers are anticipating even more success in the months ahead.

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 http://www.nextlot.com.

NextLot is a web-based software company who enables auctioneers to run timed E-Bay style auctions as well as live webcast auctions off of their own websites. For further information, please contact us at (919)361.1111 or info@nextlot.com.

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