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?
Even though wholesale managers groan, and say things like, “I’m off to the auction, AGAIN” and “I barely see my family because I travel so much”, in the end wholesale and remarketing managers might actually enjoy going to the auction. Let’s investigate this further. Gut vs Market Metric: Even though it has been proven beyond a [...]
News from the Western New York area today, as Dealer Simplified announces their new version of the dealer bid sale app called Auction Simplified. Full news story here. http://www.prlog.org/12482171-dealer-simplified-launched-version-3-0-of-their-dealer-auction-app.html
The Doodle shows the jerky and chaotic traffic flow of a century past Wednesday’s Google Doodle offers a glimpse of what American traffic would’ve looked like 101 years ago, when the world’s first electric traffic light was installed. The device, the predecessor to what is used worldwide today, was installed in Cleveland, Ohio, on Aug. 5, [...]
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 [...]
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 [...]