Technology

Floor Price Met: Bid with More Confidence

May 27, 2020

Starting today, all trades will display a “Floor Price Met” indicator when a bid meets or exceeds the Floor Price.

This means those vehicles are “absolute”, so Buyers can bid with even more confidence. As a bonus, we’re also introducing a new “Floor Met” filter for trades in Active.

Sellers, heads up! This will create higher engagement, so be sure to set a Floor Price on all your trades. You’ll also get a bonus: now you’ll be able to see the Floor Price during a Negotiation. More convenience to close deals faster.

If the floor price is not met, the indicator will not be displayed, and the trade will follow its regular flow – move to Pending stage at the end of auction.