TrueCar + Beepi+ CarMax
The way AutoBidMarket.com positions itself to enhance the user experience for dealerships and private parties through our technology that automates our services. Beepi is a indirect competitor focused only on private parties, which in turns leaves a huge market still for ABM. We would be able to deliver the same service but place more pressure on the dealerships to ?Bid? for the cars. This would increase the sale price for the private party when multiple dealerships want their car. Just imagine how the car insurance industry has turned due to all of the insurance companies having to outbid one another; this allows the consumer to get the ?Best Deal? possible with multiple offers. AutoBidMarket.com will mimic this concept in the automotive sale industry forming a cluster for private sellers to optimize their car?s sale tag in addition to other revenue streams. This will ultimately eliminate the ?upside down? mentality within the car industry.