Traditionally vehicle auctions in the US market has traditionally been controlled by two companies. However, their position is currently being disrupted due to greater confidence in online shopping from regular people.
Initially, 2020 was predicted supply levels of used cars remain stable or decrease, however, because the COVID-19 pandemic leading to economic recession means that the supply of used cars will greatly increase. This is due to a number of factors, but many mortgaged vehicles will be returning to banks & credit agencies and millions of leased vehicles will return to the dealership.
As vehicle supplies increase, overall prices customers are willing to pay will decrease. It is more crucial than ever that dealerships are ensuring they do not let rising auction fees & prices eat into their profit.
Acquisition Plus helps keep dealerships from losing money on auction purchase units, rising costs of vehicles, auction fees, inspection, transportation, or holding cost. As a dealer, you will be able to connect effectively with private sellers with the fastest moving vehicles, through an automated texting campaign. Dealerships will be able to increase vehicle profitability with the streamlined auto buying process from private sellers and the holding costs as well as costs associated with the auction are reduced because you are the only bidder. In addition, you acquired the vehicle at the agreed upon price, you have the ability to resell it at your desired price point.
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