Earlier today on LinkedIn following a post I had made about a successful auction, a connection remarked, "they say you never have to sell anything if you can show someone you have a solution to a problem they have". This industry affiliate was commenting on what they have seen ACV doing in the wholesale car auction space by simply delivering up-front transparency in a low fee, time saving application from your hand held device. What I took from this comment supported what I've learned over the years and that's that you cant "tell" anything to a car guy about the car business he or she doesn't already know!
What we are hearing now when OUR phone rings is that these same car guys are asking! That's a big shift- a tectonic shift in the wholesale landscape! Maybe ACV is something they aren't exactly sure about... they haven't learned it yet. And that's the difference! As new users learn about the fees, the condition report, the shipping logistics, the ease, the time savings, the definitive answer at the end of the auctions... they are growing comfortable. They are gaining knowledge backed up with the confidence of our arbitration policy and consistency in delivering exactly the same product each and every auction. The real difference is that the traditional brick-and-mortar model is to slow, to costly, to time consuming... and is a lifetime away to the next auction 7-days in the future... and it's not THE solution any longer.
Log on to ACV, sign up. Download the application on your smart phone and "play" with it. Answer your own questions... and get smart about this incredible alternative. This way, when I call on you to do business with us, I'm not telling you anything you don't already know!
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If prices are measured by book value on average, than you could say the market is about average . If you single out trucks, it quickly becomes a soft market. If you gauge small cars... try to guess what a Focus or Elantra will do! It may be mid-summer, and it has been hot... but not as hot as cars at auction! The auction business itself, as a whole, is in a rapid state of change and that has had more effect on prices than we give credit to. The shortage of cars crossing the blocks are still out there, but are selling through different channels . Finance companies sell direct. Rental companies have mature wholesale channels outside the auctions. OVE, AutoTrader, Cars.com... all outside channels that have syphoned vehicles out of auction lanes as well. I believe that these are major reasons as to why the "remaining" cars at auction have jumped to the levels they have. It has been the push away from the physical auction from the major consignments sources that has increased val...
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