By this time next week, we will have exchanged the 10,000th vehicle as a company! When we started off my only thought was to make it through that daunting 1st year and then to work my business plan through 3 years. Now in our 8th year, we are planning for expansion and continued growth.
Recently, I presented to a NAAA group of independent auction owners who wanted to know how to make their customers better auction buyers and sellers. My response to them was simple and to the point: you must be highly organized. There are so many machinations and processes I see deployed in the lanes and I wonder how they keep it straight... which reinforces my theory and practice. The most effective auction users are those that are organized and keep it simple. Perhaps this is why we will fly by that 10,000th vehicle and continue to motor on ahead.
If your dealership struggles at auction, fell free to call Sudden Services LLC.
It's not the northeast weather that is keeping the wholesale market in check, it is the overall blanket of slow retail sales at both new and used car retailers! * Subaru product is the most in demand at auction now, Hyundai another sought after product line. * Toyota shows increased prices on non-recall units, but not as strong as you might assume... more trouble ahead for the giant retailer? * The availability (or pure #'s of units) crossing the block is down at auctions overall; and the old economics 101... supply v. demand... is not at work right now. * As stated last post, large trucks are softening, luxury SUV's firm. * Honda Civic strong, Buick (yes, Buick) in demand: 2004 LeSabre LIMITED with 44K sells at an astonishing $9900. Compare that to a 58K 2004 Toyota Camry selling at $8900! Go Buick, go. * It is the economy, stupid. When it is all said, people are not grabbing out for another or new car. We are in a replacement mode at auction- that's it. Chat soon
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