Manheim auctions were on fire yesterday with Carvana and Carmax buying strong. If you had been living on another planet for the last 3 months, not aware of the world…
A lot can go wrong at the auction. Even the best laid auction sourcing plans can go wrong in an instant when your not prepared. This will leave you using the “hope and pray” strategy and shooting from the hip for what you think are winners.
Learn auction sourcing the right way with date driven decisions, so you don’t just look for the cars, you look for the money. Data refining is the new oil in the car business.
The more data the better. When you have all the keys factors like, days supply, scarcity index and average retail book at your finger tips in a single glance, you can make split second decisions even if you do get distracted.
Relying on date instead of gut instinct will have you buying only the winners, enabling you to spend more time marketing your vehicles to increase your inventory turn and profitability.
In this guide,7 tips to avoid auciton mistakes, I'll cover how to develop a wining auction strategy for buying cars at auctions in todays market.