Using Predictability with Transparency in the auction business.
The term transparency replaced the word honesty at some point in the early 2000’s as the buzzword for treating your customers with respect. Most of us learned pretty quickly that the internet created a need [...]
Tax Season: Early Start, A Big Deal For Used Car Dealers
Winter... the new spring market The spring market can represent as much as 50% of an independent used car dealer's business for the year. Why? Because it's the time that consumers receive tax returns which help [...]
How Dealers Can Reduce Auction Sellers Fees
By popular demand, we've added an explanation of the cost of auction sellers fees for franchise dealers. For some, it is quite a surprise to find out that our dealerships could be spending as much [...]
#1 Problem Facing Independent Dealers Today = Finding Cars
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 [...]
An Inspection Day is Needed for Dealer Auction Success?
Not Every Wholesaler Will Bid Exclusively Online "78% say they want to see and drive the car, BEFORE they bid." 96% say they would bid at the car from a smart phone app if they [...]
Wholesalers direct VS Bid Sale Auction
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 [...]
Bundling Wholesale Cars for Profit
How to Bundle Cars Together to Improve Wholesale Profitability and reduce bidder fatigue. (Video) Experienced used car managers have known about bundling wholesale cars since the beginning of the automotive industry. The term “Bundling” or [...]
Why Are So Many Dealers Holding Their Own Auto Auctions? Video
It has been said that, more than 10% of dealers are holding some sort of private wholesale auction, from pen and paper bid sales to full dealer lane sale auctions. Why? To make more money. [...]