My Auto Truth
Taking All Of The Guess Work Out Of The Car Buying Process While Transparently Providing Everything You Need To Win Over The Auto Dealer.

Professional Price Negotiator and Auction Services Educator working for YOU, not the dealership!

Wholesale Auto Auction


INSIDE THE WHOLESALE AUTO AUCTION

 

Ever wonder where dealers get a bulk of their inventory from?  A fascinating inside look at what goes on inside wholesale auto auctions. Michael York visits a major Texas-based facility.
This program is sponsored by the National Auto Auction Association

My Auto Truth is not affiliated with the National Auto Auction Association.


Traditionally, there are only 3 places Dealers and Consumers can buy vehicles.

Ask about our "Auto Auction Services" program and save even more money!


1.  From the Wholesale Vehicle Auction.  Lease Return Vehicles of all kinds, Program and Fleet Vehicles, Prior Rental Car Inventory, Bank Owned Assets, New & Used Car Dealer Trade In's, and more are typically liquidated at structured Dealer Only Sales that take place every single week where 100's of thousands of units trade hands monthly.  Some of a New Car Dealer inventory is the results of Trade In Vehicles, but most auto inventory is obtained through a dealer only auto auction.

2.  From a Dealer.  Dealers buy low and sell high.  While there is nothing wrong with this business model as a whole, wouldn't you rather allow the dealer to make a fair profit by using a Professional Negotiator opposed to allowing a trained sales person who works solely on commission make $2,500, $3,500, or more in additional profit?  Profit is not a dirty word, but dealers have overcharged consumers for years for one primary reason - Because They Can.  Very few individuals have taken their expert auto industry experience and put it to work for consumers.

3.  From a Private Individual.  Ever since the dawn of the first dealerships in America, Dealers and Private Individuals have purchased vehicles from private individuals.  Another common misconception is that Private Individual cars are less expensive.  A majority of individuals selling vehicles on their own paid closer to retail opposed to wholesale and likely had bank loans stretched over 4, 5, and 6 years.  Negative equity is more common than not when it comes to owners selling their own vehicle which does not support selling at lower prices.  A situation where the vehicle is owned outright and the seller needs immediate cash are the situations Dealers target to help supplement their Auction Purchased Inventory.