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Scheduling a Private Tender

How to set a Private Tender to go live at a future date & time.

Eddie avatar
Written by Eddie
Updated over 3 months ago

2. Click "Evaluations"

3. For each vehicle you want to add to your Private Tender, click the "Trolley" icon.

4. Repeat for each vehicle as needed.

The icon will turn blue when the vehicle has been added to the Private Tender pending list.

5. You can preview all vehicles in the Pending Tender list by clicking the Trolley icon at the top of the page.

6. All vehicles in the Pending Tender list can be previewed here.

To remove a vehicle, click the X icon next to the vehicle.

7. Now all the vehicles have been added to the Private Tender pending list, click "My Marketplace" to begin the setup of your Private Tender.

8. Click "Private Tenders"

9. Click "+ List Cars" button.

10. If you manage more than one Tender, click the "Sale Type" field to select the required Tender - each can have it's own recipient list.

Tip!

To add or remove individual participants, click "View Participants"


11. Click the "Tender Name" field to name your Tender.

Tip!

Naming your tender to include the type of tender / dealer name and the date, for example "Dealer Name Wholesale DD/MM" will help you easily recognise separate tenders in the future and make it easier for your buyers as well.

12. Choose your preferred tender "Style", there are 2 options:

  • Silent: Nobody will see the highest bid, nobody will be notified if they are outbid. This is a Blind Tender style.

  • Auction: All bidders can see the highest bid amount (not the bidder’s name), highest bidder will be notified if they are outbid with ability to set reserve price. This is a standard auction style.

13. Choose your reserve preference, there are 2 options:

  • Without reserve

  • Set a reserve for each car

If you opt to set a reserve for each car, also choose the "Reserve Bidding" option to either "Allow bidding below reserve" or "Bids must be at reserve or higher".

14. Choose the completion method, there are 2 options:

  • Auto Sell to Highest Bidder: The highest bidder will automatically be notified that the car has been sold to them if their bid is more than the reserve price.

  • Manual Confirmation: Each sale winner will need to be individually marked. This allows you to manually process each bid on each vehicle. Bidders will not be notified they are successful until you process the vehicle.

15. Click "Next" to proceed to step 2.

16. Review the cars in the tender on this step.

Easily remove any vehicles from the tender using the x icon next to each vehicle.

Tip!

You can create a bundle/batch of vehicles within the tender for participants to bid on, they will be bidding on all vehicles within this batch/bundle.

To do this, click "Create Bundle" and select vehicles for that bundle/batch.

17. Click "Next" to proceed to step 3.

18. You can review a summary of the tender before going live here, including:

  • Duration

  • Total number of vehicles

  • Number of participants

You can also add notes for this tender or schedule the tender for a future date/time.

19. Click the "Tender Notes" field to optionally add notes for your tender.

Tip!

These notes are included in the Tender notification email to all participants, and notes are shown at the top of these emails.

20. Click "Schedule For Later".

21. Select the Day for the Private Tender to start

22. Select the Time for the Private Tender to start.

23. Click "Schedule"

Done!

If you need additional assistance, please reach the AlgoDriven team via the in-app chat, available in the Mobile App or Web Dashboard located as below:

  • Web Dashboard: Bottom right of the screen, blue chat icon

  • Mobile App: Menu on the main screen, then 'Help & Support'

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