10 Step Guide: Creating Your Dealer Bid Sale Auction Policy and Rules

2015-07-20T12:00:58+00:00 By |Categories: Featured|Tags: , , , , , , |

Dealerships that decide to hold their own dealer auction or bid sale usually end up creating rules of behavior and instructions for their wholesalers. Over the years we have collected a series of points that should be included in your Bid Sale Auction Rules.. Here are the main points broken down in sections 1. WRITE YOUR [...]

Inviting Wholesalers into Your Dealership Again. Crazy or Dumb Like a Fox?

2015-07-09T17:29:55+00:00 By |Categories: Bid Sale Marketing, Featured|Tags: , , , , , , |

Avoid the Major Pitfalls of Inviting Wholesalers into Your Dealership Again, Just Like the Old Days Just because at times retail customers are disruptive and even bounce checks, would you shut down your dealership? Of course not, instead you would put controls in place to prevent future issues. But for some reason, dealer principles were advised [...]

CarMax Sales Raise Caution on Auto Pricing

2015-06-28T17:43:22+00:00 By |Categories: Auction News|Tags: , , , |

Used vehicles sales rose less-than-expected 9.3% and average transaction price slipped By JOHN D. STOLL and CHELSEY DULANEY WSJ A big used-car retailer said on Friday that its average selling prices slipped 1.6% in the fiscal first quarter, a caution flag for a U.S. auto industry that has relied on rising used-vehicle prices to prop up [...]

AuctionGenius, Auction Edge Partner to Enhance Independent Wholesale Business

2015-06-28T17:47:32+00:00 By |Categories: Auction News|Tags: , , |

OAKBROOK TERRACE, Ill. - Auction Edge and vAuto finalized a partnership on Monday to enable integration of EDGE Pipeline and EDGE Simulcast with vAuto Genius Labs’ AuctionGenius. The companies highlighted the partnership enables wholesale buyers to use AuctionGenius as they prepare for and participate in live physical and online sales at independent auctions across the country. [...]

The premium sporty cars increase in Value by $76 according to Black Book

2015-06-28T17:36:46+00:00 By |Categories: Auction News|Tags: , , , |

Though pickups have been strong when it comes to price retention most of the spring, another segment joined them this past week: the premium sporty cars. According to the latest Black Book Market Insights report, premium sporty cars began picking up in price this past week at auction, a trend which is expected during the summer [...]

KAR Auction Services acquires Autoniq and MobileTrac

2015-06-28T17:31:05+00:00 By |Categories: Auction News|Tags: , , |

CARMEL, IN, Jun 01, 2015 (Marketwired via COMTEX) -- KAR Auction Services, Inc. KAR, +0.87% a provider of used vehicle auction services, today announced it has expanded the company's Digital Services Group with the acquisitions of Autoniq and MobileTrac, which is doing business as instaVIN. "Dealers in-lane and online require real-time access to relevant vehicle information [...]