“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 … Read More
Over the last decade, many of the mega auto auction houses have negotiated deals with the larger automotive groups. Depending on the number of wholesale cars the dealer group brings to auction, the deal can include a combination of the following. They may provide a special lane just for their … Read More
Don’t Burn Through Your Data Plan. I love using my iPhone to take photo’s and video of the cars we are posting to our AuctionSimplified.com dealer auction software and wholesale marketplace. The only problem is the default resolution of my phone camera is 8 megapixels. If you are on a … Read More
As used prices fell 2.5 percent last month, auction volume was on the way up, perhaps playing a role in the continuing depreciation being seen in the auction lanes. According to the latest Guidelines report from NADA Used Car Guide, auction volumes of used cars up to 8 years old … Read More
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 … Read More
When Ben Lima went looking for used cars for his single point used car lot in Southern New York, he did what any good Millennial would do – He went online. As a 26-year-old, Lima has purchased wholesale cars hundreds of times but not in the traditional way. As the … Read More
Promoting your dealer auction is very important. Just because you have a great auction location and wonderful wholesale managers running it, does not guarantee that anyone will visit your auction viewing day or your online wholesale site. These are some basic steps to get wholesale customers to show. Maintain a … Read More
Dealerships that decide to hold their own dealer auction or bid sale usually end up creating rules of behavior and instructions for their wholesalers. Over the years we have collected a series of points that should be included in your Bid Sale Auction Rules.. Here are the main points broken … Read More
Avoid the Major Pitfalls of Inviting Wholesalers into Your Dealership Again, Just Like the Old Days Just because at times retail customers are disruptive and even bounce checks, would you shut down your dealership? Of course not, instead you would put controls in place to prevent future issues. But for … Read More
A quality condition report will allow off-site buyers an inside view of the car. Online auctions and dealer bid sales with online bidding are seeing over 50% of their bids coming from distance buyers. In other words buyers that have not actually seen and driven the car in person? Wholesale … Read More