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Are Auction Sellers Fees Worth it?
This may seem like a simple question. After all, auction Houses have been the primary way we sell off our unwanted units for over 75 years. But is there an alternative? As my father used to say, “there are at least three alternatives to almost every business problem.” The real … Read More
Kicking Out Our Most Prolific Buyers
Continued from article: Argument for you to Focus on Wholesale On a personal note, my first manager actually called wholesale buyers, “Lot Trolls”, a very derogatory term that annoyed me deeply at the time, since my father was an independent dealer. From my perspective, my dad represented middle-class America, a first-generation … Read More
From Lot Trolls to Trusted Partners
“Lot Trolls” Continued from article: Argument for you to Focus on Wholesale The GM paged Mike to his office – an imposing raised structure in the back of the showroom. As he approached the office, Mike had a sick feeling in the pit of his stomach. Like most salespeople he had a … Read More
Argument for you to Focus on Wholesale
Maximizing wholesale profit has been a struggle or even a nonstarter for franchise dealers since the pressure to increase new car volume at the expense of trade values is higher than ever before. But even as that pressure builds, the manufacturer-controlled programs drive our competition to lower prices, and it … Read More
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 for the old school, good ole boys of the car business, to be honest, or … Read More
INFOGRAPHIC: How to Build the Perfect Condition Report for Your Auto Auction
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Crowd-sourcing your Wholesale Cars
crowd·sourc·ing ˈkroudˌsôrsiNG/ noun the practice of obtaining input into a task by enlisting the services of a large number of people, either paid or unpaid, typically via the Internet. “It’s like crowdsourcing your wholesale auctions.” I was discussing one of the auction reports we provide with Jeff Rubin, COO of … Read More
August ’17 Bid Sale Auction Performance Report
Dealer onsite auctions have improved in every major operational statistic that we track.
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 a look