The Blending of Physical and Digital Auto Auctions, Part II
Digital auctions have picked up speed, and the formats are blending with each benefitting from the other’s learnings. Here are three unique benefits and drawbacks that digital auctions offer.
Carazi Launches Consumer-to-Dealer Car Auction Site
Carazi markets and facilitates the sale of cars to interested dealers. By creating a competitive marketplace, consumers can sell their cars for more as dealers are buying cars they want without the additional wholesale costs.
ACV Auctions Shares Insights into Streamlining Operations, Saving Time, Turning Profits
Amidst cost-cutting, dealers do more with less as COVID leaves indelible mark on how cars are bought and sold.
1Click Auto Auction App Debuts, Disrupts Auction Model with Flat-Fee Pricing and Ratings
The app offers easy-to-list auctions, exacting filtering tools that enable searches for the precise vehicles the dealership is looking to find and more.
ACV Auctions Triples Year-Over-Year Sales
The company now has over 10,000 registered buyers signed up for its platform, purchasing vehicles from sellers who are, on average, over 350 miles away. Dealers are seeing success moving inventory more efficiently, experiencing an overall sell-through rate of 60 to 80%.
California Dealers Turn to AutoAxess, an Online Auto Auction
AutoAxess provides franchise and independent used car dealerships with a convenient, reliable and inexpensive solution to buying and selling wholesale vehicles.
DealShield Responds to Dealer Feedback, Launches 30-Day Return Guarantee
This optional upgrade from the existing 21-day guarantee will further help them reduce recon costs, eliminate costly mistakes, redeploy capital faster and gain greater peace of mind.
