In 2015, who was thinking that the world needed another online car auction site? Well, I know of at least one. All you can say about Bring A Trailer is “Wow!” It is now the largest automotive auction house on the planet and has changed how collector cars are bought and sold forever. Even more significantly, they’ve attracted a whole new generation of collector car owners to the hobby.
Acquired by Hearst Media in June 2020, BaT was taking off like a rocket ship. It is on track to exceed $750M in gross sales in 2020. All with a modest staff of a little more than two dozen employees -- plus a cadre of freelancers. Randy Nonnenberg and his team built something special.
And BaT is a big inspiration for CPX which taught us a few things:
At CPX, we want to hold on to each of these lessons. We don’t want junky parts to turn up. Our hope is to organically grow a community that can share knowledge for years to come. We will also help make sure everything goes smoothly. And finally, our commissions are reasonable and lower than other online marketplaces. .
Thanks to Randy and the Bring A Trailer team for being such trailblazers, we hope we can achieve a fraction of the success that you have with BaT.