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Scott Wood | Area Manager
Move Online – The Future of Repossession Remarketing is Now
These Leading Automotive, Finance and Rental Brands Remarket their vehicles
online via
And, based on the latest industry news, you should join them and the other 500+ lenders who now sell their repossessions online . . . .
August 9, 2011 | ATLANTA By Auto Group Editor Jennifer Reed
“There is a clear desire on both the buyer and seller side to conduct more business in an online fashion,” Mike Broe told Auto Remarketing. “For the seller, this translates into selling things faster. From a buyer perspective, there is a virtual inventory. The real question is how far and how fast will this grow?”
James B. Treece
Automotive News -- August 15, 2011
“Online used-vehicle auctions . . . . . . have increasingly siphoned business from brick-and-mortar auctions, . . . . as auction participants elect to buy or sell without the time or dollar cost of traveling.
Technology advances, Internet-savvy dealers, convenience and a desire to cut costs have helped elevate online wholesale used-vehicle purchases from novelty to necessity.
Remarketing sites list vehicles for sale with detailed condition reports and multiple photos detailing any damage. The vehicles generally are covered by the same arbitration policies that apply at physical auctions.
Generally, dealers pay the same fees to use an online channel that they would pay at a physical auction.”
Remarketing your collateral online with OPENLANE will allow you to:
Compress the time from repossession to resale, avoiding additional depreciation and freeing up capital
Save money and operate more efficiently by eliminating transportation costs and reducing the number of vendor relationships
Get more money for your vehicles by exposing them nationally vs. locally and then track your portfolio performance via our deep analytics capabilities
For answers to your questions about moving your remarketing efforts online and a complete evaluation of the benefits for your organization, give me a call.
Scott Wood | Area Manager – Southeast
Direct: 828-553-0316Email: [email protected]
