While some independent dealers were buying online pre-pandemic, the bulk of inventory acquisition was done in-lane. The pandemic pushed the marketplace online and it looks as if it’s there to stay. In a time of ever-thinning profit margins and inventory shortages, if leveraged correctly, online auctions can provide an efficient, profitable enhancement to a dealership’s operation model.
Low Inventory Levels Affect 53% of Independent Dealers
Adding online auctions to your purchasing strategy can help ensure you’re offering consumers the widest array of vehicles possible.
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