PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Providing Alternative to Physical Auctions Amid Auto Industry Disruption

May 4, 2020 11:07:28
  • Virtual auctions have unlimited potential amid massive industry changes brought on by the COVID-19 pandemic
  • PowerBand and D2D cloud-based platform is highly efficient and convenient for both dealers and buyers, enabling consumers to buy, sell, lease and trade vehicles through their smartphones
  • Current crisis exposes the fragility of the global supply chain, and automakers will have to start considering domestic options instead
  • Online vehicle auction sector is expected to continue growing at a fast rate, further spurred by current pandemic-imposed social distancing rules

PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) has launched a new cloud-based platform that lets people buy and sell cars and trucks with never-seen-before simplicity, speed, and cost-efficiency. This development is proving pivotal during the Covid-19 pandemic, as automakers and dealers take a long, hard look at innovations to allow consumers to buy, sell, trade and lease on-line.

“Online shopping in our industry is going to snowball,” newly appointed Honda Canada CEO Jean Marc Leclerc told…

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