By popular demand, we've added an explanation of the cost of auction sellers fees for franchise dealers. For some, it is quite a surprise to find out that our dealerships could be spending as much as a quarter million dollars per year for this third party service. The question on the tip of everyone's tongue is; [...]
Not Every Wholesaler Will Bid Exclusively Online, Some Feel the Need to Touch and Drive the Car, Before They Bid. https://youtu.be/LBSIME_tSeg We are positive that an inspection period for wholesale buyers to review and even drive the cars is a critical component to a successful bid sale auction. Not every buyer can afford to make a mistake [...]
How to Bundle Cars Together to Improve Wholesale Profitability and reduce bidder fatigue. (Video) Experienced used car managers have known about bundling wholesale cars since the beginning of the automotive industry. The term “Bundling” or “Packaging” is the practice of taking a group of properly priced (desirable) wholesale vehicles and packaging them together with vehicles that [...]
How to promote the right people, keep the expenses low and out preform big box auctions! I recently presented Auction Simplified to a large dealer group. While the idea of running their own auction appealed to them, the question of staffing costs came up. Before I knew it, the meeting went off on a tangent onto [...]
I recommend that you take a look at CarFax’s history based value it is a beta product from Carfax and in my opinion a great tool to have in your appraisal arsenal. We had the pleasure of meeting Carfax at our booth at the NADA conference in April, where they introduced us to the new tool. [...]
It has been said that, more than 10% of dealers are holding some sort of private wholesale auction, from pen and paper bid sales to full dealer lane sale auctions. Why? To make more money. Big box auctions have become expensive for both the buyer and the seller and this video helps you understand why?