Thoughts on the Used Car Wholesale Market and how used vehicle trading groups fit in....
The used vehicle wholesale market is dependent on the auctions to intermediate the purchase and sale of those vehicles that don't work for our automobile dealerships. Inherent in the structure of the used vehicle wholesale market is the automobile dealership's dependence on the auctions with all their problematic risks and inefficiencies.
The most significant inefficiency stems from the auction trying to sell all the vehicles the factories and automobile dealerships want to sell in the time one could actually expect buyers to stand there. It can't be done, the used car buyers can't wait around for all the cars to run nor can the used car managers expect to get a decent price for their units when all the buyers have gotten tired and left.
Fortunately there are auction strategies for the used car manager to improve his chances of a good deal when purchasing. However, unless he represents a large automobile dealership, he may have trouble getting his cars to run before most of the buyers have gone home.
Fortunately, now, there is a solution. How would you like a used vehicle wholesale market where you can buy most anything you need DIRECTLY from the dealer who took the car in trade? In my experience consulting with automobile dealers, I have found that used vehicle trading groups lessen their dependence on auctions.
How would you like a used vehicle wholesale market where you can sell most anything you have DIRECTLY to the dealer who needs it? You can with the use of used vehicle trading groups. These are groups of commonly owned dealerships that can share information to reduce the groups dependence on outside sources of used vehicles!
Now you can with Used Vehicle Group Systems! Share your inventory information with other like-minded automobile dealerships... Make more retail deals... Make more wholesale gross profit... Reduce over-age inventory... Lower your transaction costs...
Make more deals, more often or it's free!
Call John Donnelly now at 702-498-8777
John Donnelly and Automotive Systems Training offers Training, Consulting,
Custom Reporting, Used Vehicle Trading Groups and many other services to the Automobile Dealership Community.
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