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So far Staff Reporter has created 24 blog entries.

Dealership Wholesale Losses? Ask What Your Honesty Policy Is?

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The 10 car repeat customer. Dealerships that have a large number of repeat and referral customers regularly see customers who have bought five or 10 cars from them over the years. When a customer like that comes in to our dealerships we tend to hold her hand, love bomb them and generally do whatever it takes [...]

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

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[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 [...]

Auction volume up by 7% YTD

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 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, [...]

June 2015 was 2nd best increase in auction volume

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Auction volume was up more than 8 percent year-over-year in June, and year-to-date figures continued to hold strong, according to the latest Economic Dashboard from the National Auto Auction Association. Specifically, the tally for the month of June climbed 8.3 percent against comparable weeks of 2014. Auction volume for the first half of the year was up 7.3 percent [...]

Velocity Approach to Wholesaling Cars.

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Apply the Dale Pollak, Velocity Retail Approach to Wholesale Cars I have been a fan of the Dale Pollak (@vAuto) velocity approach to selling used cars since my days as Director at West Herr where we applied his approach vigorously to our retail used car operation. His book basically suggests that we get our trades processed [...]