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Is an Inspection Day Needed for Dealer Auction Success?

By |Categories: Featured, Increase Wholesale Car Auction Profit|Tags: , , , , |

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 [...]

Car Dealers: “No Sales” Bring More Money Online

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 [...]

Beyond Simulcast: 7 Questions For Used Car Acquisition Managers

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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 [...]

Hey Dealers: NO-SALE Bidder Fatigue Impacts Sell Rate at Auctions

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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 [...]

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 [...]