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Hey Dealers: NO-SALE Bidder Fatigue Impacts Sell Rate at Auctions

By |Categories: Increase Wholesale Car Auction Profit|Tags: , , , , , , , , |

To Sell or Not to Sell that is the Question? There’s a debate going on with managers representing cars at auction. It concerns the battle over sell rate (also known as sell through) vs wholesale profitability and its impact on buyers. It has been described by industry insiders as the great problem with the modern used [...]

As Gas Prices Drop Back, Electric Cars No Sale.

By |Categories: Auction News|Tags: , , , , , , |

Gas prices seemed to have stabilized over the last few weeks and actually dropped back to prior weeks levels. What is more interesting is how diesel prices are now equalized with gasoline. In the auction market, electric cars have paid the price. "They are cold as heck" said one dealer in NJ after he was forced [...]

Price Drops at Auction, Expect more of the same next week?

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According to the latest edition of Black Book Market Insights, overall prices for cars at auction dropped by 0.62 percent or $73 last week, which was higher than the average declines seen over the previous four weeks. Trucks, on the other hand, saw values fall by just 0.27 percent or $44 last week, which is in [...]

Serious Wholesalers Use Smartphones at Auctions

By |Categories: Bid Sale Marketing|Tags: , , , , , , , |

[x_section style="margin: 0px 0px 0px 0px; padding: 0px 0px 0px 0px; "][x_row inner_container="true" marginless_columns="false" bg_color="" style="margin: 0px auto 0px auto; padding: 0px 0px 0px 0px; "][x_column bg_color="" type="1/1" style="padding: 0px 0px 0px 0px; "][x_text]Wholesale buyers using smartphones to access AuctionSimplified.com are just as likely -- if not more likely -- to engage in serious bidding behaviors then [...]

Reduce Photo Size for Faster Upload to Your Auction Software

By |Categories: Bid Sale Marketing|Tags: , , , , , , , , , , |

Don't Burn Through Your Data Plan. I love using my iPhone to take photo's and video of the cars we are posting to our AuctionSimplified.com dealer auction software and wholesale marketplace. The only problem is the default resolution of my phone camera is 8 megapixels. If you are on a Samsung or other Android devices, it [...]

Auction volume up by 7% YTD

By |Categories: Auction News|Tags: , , , |

 As used prices fell 2.5 percent last month, auction volume was on the way up, perhaps playing a role in the continuing depreciation being seen in the auction lanes. According to the latest Guidelines report from NADA Used Car Guide, auction volumes of used cars up to 8 years old reached almost 317,000 units in June, [...]