RealTime IT News Offers New Vehicle Auctions

The growing popularity of online auctions has inspired, Inc. to expand its auction services to allow individuals to buy and sell cars on its site. (ABTL), the Friday launched an auction system that includes new and used vehicle listings by both dealers and consumers, as well as classic car listings. In addition, the Auction features a parts and accessories component that will be hosted by the FairMarket Auction Network.

The program is designed to allow dealers, consignors and private sellers and buyers to transact vehicle and part purchases in a live "bid" environment. It provides secure and efficient online used vehicle purchasing with the Certified Pre-Owned CyberStore, which features vehicles that have undergone a 135-point dealer certification process and come with a 72-hour money back guarantee and a 3-month/3,000 mile warranty.

The company began offering wholesale vehicle auctions for car dealers, but the company wanted to expand to consumers as well, said Mark Lorimer, president and CEO of inc.

"We pioneered the virtual auto auction earlier this year when introduced its," he said. "We know from experience that auctioning cars is far more complex than auctioning collectibles and celebrity memorabilia. We also understand that consumers both demand and deserve security, choice and efficiency from their online automotive auction experience."'s Auto Auction is available to buying and selling consumers and consignors, as well as to over 3,000 Accredited Dealers.