Post by david42 on Dec 18, 2015 23:55:01 GMT
My experience is that Autobid tests against the calculated "buyer rate" (after applying the discount) rather than the basic rate.
My evidence is that I concurrently listed a lot of £20 parts of the same loan for sale at four different rates:
10 parts continuously offered at 0.7% discount sold at a rate of 16 parts a week
10 parts continuously offered at 0.6% discount sold at a rate of 12 parts a week
10 parts continuously offered at 0.5% discount sold at a rate of 5 parts a week
200 parts continuously offered at 0.1% discount sold at a rate of 90 parts a week
This demonstrates that Autobid buys parts more frequently when the discount is higher. These parts were not attractive to manual bidders because better discounts were available.
My evidence is that I concurrently listed a lot of £20 parts of the same loan for sale at four different rates:
10 parts continuously offered at 0.7% discount sold at a rate of 16 parts a week
10 parts continuously offered at 0.6% discount sold at a rate of 12 parts a week
10 parts continuously offered at 0.5% discount sold at a rate of 5 parts a week
200 parts continuously offered at 0.1% discount sold at a rate of 90 parts a week
This demonstrates that Autobid buys parts more frequently when the discount is higher. These parts were not attractive to manual bidders because better discounts were available.