Article Highlights

1. While 72% of dealers manage all wholesale activities internally, only 52% of dealers are satisfied with their current wholesale process. Managing disparate activities — from transport and inspection to reconditioning and merchandising — can involve a significant commitment of internal resources and/or a sizable investment in a variety of outsourced solutions.
2. According to vAuto customer data, the top 20% of dealers are accomplishing the wholesale-to-retail process in less than four days - positioning these dealerships to sell the most vehicles in today’s marketplace.
3. Speeding the transport phase of the wholesale-to-resale process can also boost overall operational profitability by further reducing vehicle holding costs. Centralizing transportation can result in an approximate 50% reduction in the amount of time it takes to get vehicles from the auction to the dealership.