Vehicle Moves auctions work on a reverse auction model. This means that retailers enter the highest amount they are willing to pay for the job. The auction starts at a price 60% lower than the highest price and rises to the max price over a 3-hour period. The auction start price, and every increase, is visible to logistic companies and is called the 'current market price'.
Logistic companies have two methods of purchasing the move.
- Buy It Now - To buy the move at the current market price. This will then immediately take the move off auction and given to the logistic company.
- Place a Bid - To place a bid on a move. When the current market price matches the bid placed by the logistic company, the move is taken off auction and given to the logistic company.