August ’17 Bid Sale Auction Performance Report
Less Miles, Higher Selling Price, and Better Sell Rate
As our dealers develop stronger relationships with our wholesale buying network, their onsite auctions have improved in every major operational statistics that we track.
- The average automobile selling on our network has decreased by 1,370 miles, and that has translated into a 21% uptick in Sell Rate from August ’16 to August ‘17.
- Over this period, the number of cars marketed on our app has increased by 69%, and the number of cars sold rose by 122 %.
“Our Dealers are realizing that they no matter what car they sell on our network they are experiencing more favorable cash flow potential from their used car operation.” -Kevin B. Leigh | COO
- Auction Simplified has continued to update their app allowing for further integration into the software already being used at dealerships. This has created a higher average price per automobile that very closely mirrors sell rate.
Reported by Alexander Prychodko – Business Analyst Intern at Dealer Simplified LLC