Perhaps it's not a war, but more like a skirmish! And as discussed during Jay's YouTube, I defined three areas to consider as this works itself through:
First- this is a legal matter and there is plenty to be determined so that in the meantime, know that everything else is just conjecture.
Second- this is as much a reflection of the limitiations digital auctions offer to commercial consignors than it is about legal right. If the "digital product" was as strong as it says it is, then the market would flood toward it. The reality is that brick & mortar auctions have blacktop to park cars on... commercial sellers need blacktop!
Third- that as the two offerings have this legal skirmish, the dealer body remains "fractured" because they don't have a complete 360 degree view of the market. They have to shop for commercial consignors vehicles in one mode, and dealers vehicles across another mode. The auction houses seem to either not know (or care) that the DEALERS are the same customers across both modes of auctioneering. Why not make it so that the dealerships have the best blended product?
W/
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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