June 2015 was 2nd best increase in auction volume

2015-07-20T11:57:33+00:00By |Categories: Auction News|Tags: , , |

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 [...]

Digital Marketing for Wholesale (DMW) It’s About Time

2017-01-13T17:56:16+00:00By |Categories: Increase Wholesale Car Auction Profit|Tags: , , , , , , , , |

Recession Proof If your dealership survived the recession of 2007-08, you: Understand the value of Digital Marketing for Retail and the importance of getting your cars online fast. During that time of change, you might have started keeping value cars, those sort of edgy cars that you would not have even tried to sell Pre-recession before [...]

Digital Marketing for Wholesale (DMW) It’s About Time

2016-03-22T03:03:00+00:00By |Categories: Increase Wholesale Car Auction Profit|Tags: , , , , , , , , |

There is a growing trend among dealers: "Hold in-house auctions." This topic is somewhat controversial because it has become main stream to take your wholesale cars to auction and that it. Most dealers (more than 92%) take their cars to off site auctions, pay the fees, pay for shipping and are happy doing so. Lately however, [...]

Title Attached, A Bad Idea for Wholesale Profit

2015-07-20T11:59:44+00:00By |Categories: Increase Wholesale Car Auction Profit|Tags: , , , , , , , , , , |

Title Attached/Missing/Lien a  Detailed Definition Title Attached. New dealers/wholesalers are often confused about what “Title Attached” means.  It actually means that the title is NOT present at the time of the sale. This means the selling dealer has the title but it is not on hand at the time of the auction, usually at another dealership [...]

Velocity Approach to Wholesaling Cars.

2015-07-20T11:57:34+00:00By |Categories: Bid Sale Marketing|Tags: , , , , , , , , |

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 [...]

On-Board Diagnostic Codes For Online Auctions

2016-03-20T14:46:00+00:00By |Categories: Bid Sale Marketing|Tags: , , , , , , , , |

Dash Light is on: How Do I Explain This to my Auction Bidders? So the car you are trying to sell at your dealer auction has the engine warning light blinking. It can mean trouble for the person (bid sale attendant) trying to merchandise this car online to their wholesalers. I recommend full disclosure, because it [...]

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