WholesaleTrader.com begins online auctions.(HotNews)(Brief Article)

Powersports Business, June, 2004

WholesaleTrader.com, an electronic network that allows dealers in the powersports, RV and marine industries to exchange inventory online, now offers an online repo auction.

The first electronic auction featured 107 vehicles and lasted for five days. Although sales were lower than anticipated, Mark Taylor, the company's marketing director, said more than 80% of the vehicles attracted bids on the dealers-only site.

"Our dealer-members were just learning how to use the Repo Auction feature of our site," said Taylor. "They'll get the hang of it, though. We expect the dealers to grow a lot more confident as our auctions continue."

WholesaleTrader.com began operations at the beginning of March.

"We knew that the first dealers to join...