AM Online

Online car buying to increase

An online car broker predicts that one in four used cars will be bought online by 2015.

Auto Ebid says its online car sales have increased 99.6% year to date.

Such a trend may lead to a quarter of car transactions being made online by 2015, it claims.

However the company remains a tiny part of the car market. Founded in 2003, it claims to have processed 2,500 successful auctions.

The company operates a reverse auction system, which invites car dealers to bid for customers' business while the customer's details are kept secret.

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