Helping dealers promote your bid sale with merchandising efforts and latest techniques.
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 [...]
Insourcing vs. outsourcing is one of the primary questions talented owner operators face. On the one hand, you know that doing things in-house could lead to innovation and uniqueness in your marketplace, on the other hand, outsourcing could free up your staff and help you find techniques that are best practices in other dealers on [...]
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 “Packaging” is the practice of taking a group of properly priced (desirable) wholesale vehicles and packaging them together with vehicles that [...]
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. Big box auctions have become expensive for both the buyer and the seller and this video helps you understand why?
Even though wholesale managers groan, and say things like, “I’m off to the auction, AGAIN” and “I barely see my family because I travel so much”, in the end wholesale and remarketing managers might actually enjoy going to the auction. Let’s investigate this further. Gut vs Market Metric: Even though it has been proven beyond a [...]
"How do I get buyers to come to my bid sale inspection day?" Just because you hold a Wholesale Inspection Event does not mean wholesale car buyers will show up. Getting the right buyers to come to your auction or bid sale, both in person and online can appear to be challenging. But it doesn't have to be. Simple, tried and [...]
