Tips and best practices for profiting from your dealer run auction.
How sotware and App's have impoved the automotive condition report CR for the good Click to Enlarge
crowd·sourc·ing ˈkroudˌsôrsiNG/ noun the practice of obtaining input into a task by enlisting the services of a large number of people, either paid or unpaid, typically via the Internet. “It’s like crowdsourcing your wholesale auctions.” I was discussing one of the auction reports we provide with Jeff Rubin, COO of the Competition Automotive Group, when I [...]
About 40% of dealers in the US and Canada, wholesale cars direct to used car lots, wholesalers and junk yards. But a new trend has emerged, mostly in the NE called the bid sale. Take a look
“But then I asked “How much is it per car?” And nobody knew the answer.” Franchise automotive dealers pay hundreds of thousands of dollars per year in auction fees and to our surprise, we found that few actually knew how much these fees are affecting their bottom line. Fewer still had a line item on [...]
Feeling the pinch of consolidation. For 17 years I had the pleasure of being part of an expanding dealer group from Buffalo, NY. During my tenor there it grew from six locations to 22 with over 1500 employees. As we grew in size we became a challenge to our vendors. More than just difficult in [...]