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 Take
Our Free Tour |
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The Free Tour enables you to see the kind of information that
will be available to you as a member of the internet auction system.
Please Note : The vehicles featured are examples only and are not actually for sale.
[How Bidding Works at Auction]
If you are a Member of the Showa Trade Internet Auction system
you can bid for vehicles.
[Process]
 After choosing
and checking the cars you wish to bid for at an auction you
enter your bid/s in Japanese Yen.
The bid is received by the Showa server and checked at our office
against the auction data to further ensure that there are no
issues relating to the vehicle that could impact on the bid.
We then submit the highest bid for that vehicle by computer
to the auction house.
If the bid is successful and the vehicle is bought you only
pay the actual price that the vehicle sells for. Eg if your
bid is JPY 500,000 and we make a successful purchase for JPY
425,000. You only pay JPY 425,000 (not JPY 500,000).
[Timing of Bids]
Bids must be submitted by no later than noon Japan time on
the day of the auction.
[Reference Data]
To assist you in determining a realistic bid for a vehicle there
is a Reference Data window which gives you information
about similar vehicles that have sold over the last three months
at auction.
[Starting Price]
When bidding on a specific vehicle the auction data will usually
specify a starting price meaning bidding cannot start under
this price. This is the minimum bid price.
If there is no starting price then your bid can be as low as
you choose.
[Reserves]
Most sellers specify a reserve price (minimum price that the
car will be sold for). Once the bids reach this price the car
is for sale and will be sold to the highest bidder. If the reserve
price is not met the vehicle will be passed in and come up as
"Not Sold" on your bidding record.
[Auction Results]
Full results are available on the website soon after the auction
is finished. Some auctions continue after midnight. Results
will be available after 10am the next day.
[Full Bidding Instructions]
On becoming a Member you will be given access to full instructions about bidding
along with some key bidding tips to maximize your bidding success
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