Posted 2006-01-31 7:53 PM (#36341 - in reply to #36304) Subject: RE: Bidding Now Open for Horse Trailer Auctions
Elite Veteran
Posts: 1160 Location: Denver Colorado
Sounds cool, good idea, why should Ebay have all the fun. I see saddles, bridles, hitches etc on Ebay, are you going to get into smaller items too? I need to clean out my barn so I can get more review accessories.
Posted 2006-02-01 7:14 AM (#36362 - in reply to #36304) Subject: RE: Bidding Now Open for Horse Trailer Auctions
Veteran
Posts: 225 Location: Kansas City
I see all of the listings so far have a Reserve Price Not Met. I can't speak for anyone but myself, but when I use Ebay, I ignore auctions that use this. Why spend the time and effort when you don't have any idea what the price could even be. Example the 93,000 bid on a 173,000 trailer. Come on - why is this on an auction? If I COULD afford such a beast - what would I do. Bid up by 1,000 each time. Until I see the Reserve Not Met Go Away. I belive Ebay tells potential sellers that avoiding reserves draws more customers. In my opinion, a dealer should post his/her minimum price and hope others compete to get a good deal. If I want to buy a new trailer - I would just call the dealer and make an offer. Auctions are suited for used trailers from individuals who are willing to take what they can get. In jest, auctions are an event where the "winner" pays more than anyone else thought the item was worth.
Posted 2006-02-01 9:27 AM (#36367 - in reply to #36362) Subject: RE: Bidding Now Open for Horse Trailer Auctions
Elite Veteran
Posts: 720 Location: Never miss a good chance to shut up.
Originally written by barry on 2006-02-01 7:14 AM
I see all of the listings so far have a Reserve Price Not Met. I can't speak for anyone but myself, but when I use Ebay, I ignore auctions that use this. Why spend the time and effort when you don't have any idea what the price could even be. Example the 93,000 bid on a 173,000 trailer. Come on - why is this on an auction? If I COULD afford such a beast - what would I do. Bid up by 1,000 each time. Until I see the Reserve Not Met Go Away. I belive Ebay tells potential sellers that avoiding reserves draws more customers. In my opinion, a dealer should post his/her minimum price and hope others compete to get a good deal. If I want to buy a new trailer - I would just call the dealer and make an offer. Auctions are suited for used trailers from individuals who are willing to take what they can get. In jest, auctions are an event where the "winner" pays more than anyone else thought the item was worth.
Can't dispute what you are saying. But I do know the reserves on the trailers now posted are well below what you will ever buy these trailers for - and are there simply for the protection of the seller in a brand new market.
Fishing rods and horse trailers are different.
If I sold a $100 graphite pole for $10 in an online auction, I have to figure that the exposure for my store is worth it. Call it advertising. I only paid $30 for the pole so what the heck. But if I paid $52000 for a trailer with MSRP listing for $68,000 and then ran it through an auction and the highest bid was $10,000 - OUCH!
Again . . . it boils down to the buyer doing their homework. Most buyers are much more educated with information than 20 years ago. Most buyers realize they're looking for deals not steals. I think you'll find some awesome deals in the auction if you're willing to be flexible on the exact trailer configuration you can get by with. We'll be adding more trailers every day.
Posted 2006-02-01 2:23 PM (#36383 - in reply to #36367) Subject: RE: Bidding Now Open for Horse Trailer Auctions
Veteran
Posts: 167 Location: Monroe, WA
Well, there IS such a thing as posting an opening bid of the least you can afford to get for your item - whether it's a $500 used saddle or a $50,000 (yowee!) new trailer. That right there will draw in buyers who are interested and have the funds to buy your item.Shucks, if I had $50,000 burning a hole in my personal longjohns, hubby would be out front puttin' in a nice new indoor arena right now! I am TIRED of all this dadburn water coming out of the sky. Horses are shedding, spring time is coming - if we can get the ground dry enough the foals don't get stuck!
Posted 2006-02-01 8:50 PM (#36405 - in reply to #36401) Subject: RE: Bidding Now Open for Horse Trailer Auctions
Expert
Posts: 2828 Location: Southern New Mexico
No kidding. We have only had one misty/drizzly day here since the tornado hit us in Oct. Then we had about 6 inches in 20 min. To much, to fast and all ran off. What a waste!
Posted 2006-02-02 2:39 AM (#36415 - in reply to #36405) Subject: RE: Bidding Now Open for Horse Trailer Auctions
Elite Veteran
Posts: 1011 Location: Oregon
I am blowing real hard to get these dang rain clouds down to you in Texas. 2 feet in the month a January alone is waaaaayyyy too much! Can't count how many times I have gotten my boots stuck in the mud and fell. If it keeps up, I am going to need hip waders to get out there. The mud now comes and inch or 2 below my boots now.
Posted 2006-02-02 1:50 PM (#36442 - in reply to #36304) Subject: RE: Bidding Now Open for Horse Trailer Auctions
Veteran
Posts: 127 Location: Fort Worth, Texas
I do agree with the other posters about the "Reserve Price Not Met". I HATE those auctions on e-Bay and also do not bid on them. When I list an item, I list the opening bid at the lowest price I would be willing to accept for the item and hope it gets bid up a little higher. Why can this not apply to trailer sales as well? If the seller is willing to take $48,000 for a $65,000 trailer, then list the opening bid at $48,000. What drives the prices up on any item is when you get 2 or more people in bidding wars. In my opinion, the "Reserve Price" just discourages potential bidders from even participating.
Posted 2006-02-02 9:01 PM (#36472 - in reply to #36304) Subject: RE: Bidding Now Open for Horse Trailer Auctions
Extreme Veteran
Posts: 362 Location: Allegan, Michigan
I agree about the reserve price thing. I also know the average buyer isn't looking for a $50,000.00 trailer! Especially with the economy the way it is. If I had $50,000 I would be building a barn not buying a trailer that is going to depreciate it price! That is just my thought. But then again, if someone can afford to throw away $50k or more on a trailer, they probably have heated barns, padded stalls for their horses, and my house probably would fit inside their indoor arena!! lol.... Or they are so deep in debt they are probably barely treading water! I know my husband would never go for spending that much on a trailer. Maybe I am in the wrong profession. I bet the commission on one of those things is pretty nifty! I think listing some trailers around the 1k-25K range would attract more people.
Posted 2006-02-04 3:39 PM (#36548 - in reply to #36442) Subject: RE: Bidding Now Open for Horse Trailer Auctions
Elite Veteran
Posts: 954 Location: Hagerstown, MD
Being a contractor, I go to quite a few auctions looking for tools and equipment. I often see a $5,000.00 tractor start bidding at $100.00 and the auctioneer has to be patient enough to do that to work with the bidders. No matter how much the piece is worth at time of auction, everyone bidding is making sure they get it for the lowest price possible. I don't think anyone is going to bid $48,000.00 on a MSRP $65,000.00 horse trailer from what I've seen at auctions. Frankly, I don't have a problem with putting a reserve on an item up for auction. I do it all the time if I'm taking a horse to a sale barn. If I don't get the price I want for the horse, I pay the auctioneer for his time (commission) and take the horse home and try again another day. Happy trails.
Posted 2006-02-05 8:09 AM (#36574 - in reply to #36548) Subject: RE: Bidding Now Open for Horse Trailer Auctions
Expert
Posts: 1719 Location: PA
I have no problem with reserves on an item. A reserve just tells the auctioneer and the bidder the lowest possible price the seller will take. I know horse auctioneers and they prefer reserves. Fewer misunderstandings.
Posted 2006-02-06 7:04 AM (#36602 - in reply to #36304) Subject: RE: Bidding Now Open for Horse Trailer Auctions
Veteran
Posts: 225 Location: Kansas City
I have no problem with reserves. That is seller protection. It is just the ambigious "reserve not met" that I ignore. For example on a big ticket item with few people bidding. What do I do, bid up and up and up against myself until the reserve price is met. What if no one else is bidding. Then it is just me increasing my bid each time I check in. Would I go to a trailer dealer every day and stop by and say "Would you sell it now for an extra $1000" until they said yes. Put your minimum price on the item for everyone to see and hope that the price is good enough to attract interest and competition.
Posted 2006-02-06 7:53 AM (#36603 - in reply to #36602) Subject: RE: Bidding Now Open for Horse Trailer Auctions
Extreme Veteran
Posts: 379 Location: Columbia, TN
Auctions can be good and bad. I have bought and sold cars at auction you have to be carefull. Know what its worth and what you will give and when it gets there quit. Bid what you think its worth. I have bid on several horse trailers at auction which they will sell a 40,000 trailer in 30 seconds. Sure makes me frustrated when you go to ahorse sales and it takes 30 minutes to sell a 1200 horse. I sold one of the trailers on this site I bought at auction. It is only worth what someone will give reserve or not.
Posted 2006-02-08 10:21 PM (#36771 - in reply to #36603) Subject: RE: Bidding Now Open for Horse Trailer Auctions
Elite Veteran
Posts: 720 Location: Never miss a good chance to shut up.
I want to thank everyone for their input. We will be offering the sellers a choice of either setting a silent reserve, no reserve, or a clearly stated starting bid that would be needed.
Here's some questions I have.
1. What lures a buyer to try and bid on a trailer at auction?
2. Why would a seller auction a trailer that they could sell in regular fashion.
Posted 2006-02-09 6:05 AM (#36788 - in reply to #36304) Subject: RE: Bidding Now Open for Horse Trailer Auctions
Expert
Posts: 1283 Location: Home of Wild Turkey Whiskey
I think that people are truely looking for the great deal when it comes to an auction. I sell a few things on e-bay but I buy alot more, due to cost. New in box atwood 6 gallon DSI water heaters shipped to my door for $250.00. I can't get that from anyone local for under $300.00 and I have to go get it. But also e-bay has not been very good at selling the high end items, but it may get you the exposure that you are looking for. The after the auction sell because someone saw the add. The trailer I am doing right now I bought kinda through e-bay, it was listed, I put in a proxy bid to $17,500 nobody else bid against me, so the auction ended at $15,200 the dealer(he is a trailer dealer) contacted me after the auction, I asked him what he wanted for the trailer he said $17,000 I offered $16,000 and he took it. So he would have gotton more money for his trailer had there been other bidders, I think people are just a little scared because of the lack of human involvement, they want a salesman to reassure them that this is a good deal when dealing with big ticket items. Back to the trailer I bought 1997 4 star 3 horse slant, 12' straight wall LQ shell, 2' shortwall mid-tack, 8' wide 7' tall for $16,000 I think it's a good deal. I'll have the LQ done in another 30-45 days and it will be back for sale.
Posted 2006-02-09 6:57 AM (#36793 - in reply to #36771) Subject: RE: Bidding Now Open for Horse Trailer Auctions
Veteran
Posts: 225 Location: Kansas City
Originally written by DaveM on 2006-02-08 10:21 PM
Here's some questions I have.
1. What lures a buyer to try and bid on a trailer at auction?
2. Why would a seller auction a trailer that they could sell in regular fashion.
Your input would be greatly appreciated.
Dave Horse Trailer World Horse Trailer Auctions
What lures a buyer. 3 things. 1 the buyer has to be in need of the item, 2 buyer has to aware of the item, and 3 Price which if at the right price can cause someone who does not NEED a trailer to think they NEED a trailer. Obviously on this site you have trailer dealers and lots of viewers so #1 and #2 are sure to happen. #3 is the kicker.
I believe a dealer would use an auction to move inventory that can't be moved through their normal channels. Excess trailers when more are scheduled to arrive, a configuration that is not moving well, etc. Auctions are suited to inform people of "deals" and to cause those people to act. I might drive 1500 miles to get a deal but won't to get a price that I can get at home. I belive that in order to assure some interest that a dealer should be willing to state upfront what their minimum would be. Good deals for both the dealer and customer WILL generate interest.
Lastly, one of EBAY's good features is the ability to rate sellers with any comment from the public. This should be incorporated into the AUCTION side of this site without comment from board administrators. I have posted in the past that Dave has the ability to set his own rules on the forum side. However, to become involved in financial transactions as the middleman between sellers and buyers - he would have to remove the gloves for comments about both the seller and buyer.
Bidding Now Open for Horse Trailer Auctions
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