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Black Book data, car values fell $40

2016-01-06T18:29:47+00:00 By |Categories: Auction Blotter|

According to Black Book data, car values fell by 0.33 percent or $40 last week, while truck values dropped by 0.36 percent or $62. Last week, all the car segments Black Book tracks had higher week-over-week depreciation rates, except for the prestige luxury segment, which remained stable. The near-luxury car segment saw the largest depreciation among [...]

Auction Simplified: Wholesale Auto Buyers a Mobile-Savvy Group

2016-01-06T12:45:03+00:00 By |Categories: Bid Sale Marketing, Featured, Increase Wholesale Car Auction Profit|Tags: , , , , |

Smart Phones: The Tool of Choice for Used Car Wholesale Managers AuctionSimplified.com reciently concluded a two-month study on wholesale buyers, determining whether or not they are using smart phones or desktops to browse their sites. They found that used car sourcing managers show a particularly strong connection to their mobile devices. In fact, 62% of their buyers are using [...]

Car Dealers: “No Sales” Bring More Money Online

2017-01-13T16:58:00+00:00 By |Categories: Bid Sale Marketing, Featured, Increase Wholesale Car Auction Profit|Tags: , , , |

Dealers ship their cars off to auction only to find that 50% go unsold. We even have a special name for this; it's called a “No Sale” or NS for short. So what’s next for that "No Sale" car? Run it again? Ship it off to another auction at additional expense? Wait until tax season and [...]

#1 Problem Facing Independent Dealers Today = Finding Cars

2016-03-20T14:30:26+00:00 By |Categories: Auction News, Bid Sale Marketing, Featured, Increase Wholesale Car Auction Profit|

DealerSocket surveyed over 2,000 car dealers asking questions like, “What are your goals?” and “What is the number one problem you face?” The interesting thing that came out of the study, is just how far Indy’s have come in the past few years. For example, many reported inventory turn rates exceeding franchise dealers and over 52% run [...]

Do Mega Auto Auctions Give Large Dealer Groups an Unfair Advantage?

2015-10-21T13:04:38+00:00 By |Categories: Featured, Increase Wholesale Car Auction Profit|Tags: , , , , , , , |

Over the last decade, many of the mega auto auction houses have negotiated deals with the larger automotive groups.  Depending on the number of wholesale cars the dealer group brings to auction, the deal can include a combination of the following. They may provide a special lane just for their wholesale cars They may provide lowered [...]

Beyond Simulcast: 7 Questions For Used Car Acquisition Managers

2015-10-02T15:25:24+00:00 By |Categories: Featured, Increase Wholesale Car Auction Profit|Tags: , , , , , , |

Dealers have to expand their horizon to find the "right" cars to feed their inventories. This means visiting a greater number of auctions and reviewing a larger number of vehicles to find the cars that fit their local market. Because of the finite number of hours in a day and the distance between physical auctions, many [...]