Why Private Party?
With the rise of Carmax and Carvana, Chip shortages, and uncertain economic times it's no secret cars are hard to come by. If you are reading this you probably realize that auctions are way too competitive/pricy, and sitting on your hands waiting for trades is not a realistic strategy. We really want to help you combat these issues, if you’re still not sold call us we’d love to hear from you.
Problems with Traditional Methods
Trade-ins, Auctions, Lead Generators
Generic & Overpriced
Too many dealers are all bidding on the same aging unit that has extremely tight margins.
Per Car/Lead fees
Dealers have to pay buy/transport fees & sometimes a fee for every private party lead they get.
Dependence on Market
Inventory levels are directly affected by market forces because you have a passive strategy, not an active one.
Private Market Competition
For every deal that happens through Craiglist that's one less deal for you and two potential customers you’ll never have.
Opportunity Cost
When neglecting private sellers you are missing out on building relationships and growing your brand awareness.
Time-Consuming
Dealers may spend valuable time traveling to auctions, only to return empty-handed.
The Trend is Clear
The Rise of the Private Party Market
According to the National Automobile Dealers Association (NADA), private-party sales accounted for 28.6% of the used car market in 2015. By 2022, that number had grown to 36.9%. This trend is expected to continue, with private-party sales projected to account for 40% of the used car market by 2025.
Why Buy Cars off the Street
Unlock a world of opportunities and profitability by acquiring vehicles directly from private sellers – increase your margins, access better inventory, and build lasting customer relationships.
Better Inventory
Faster turn
Stronger Margins
3x Front End Gross
4 Revenue Streams
Front-end, back-end, Service, and Future buyers.
Reduced Acquisition Costs
Up to 84% less than competitors
Do it from your desk
Never attend an auction again.
Trend Insights
Recognition of trends and market performance.
Growing Client Base
Increasing network for future opportunities
Brand Awareness
Promoting your presence in the community.
Controlling the Market
Reducing the risk of losing deals to private sellers.
See it in Action
Discover how VETTX can supercharge your vehicle buying center. Schedule a free strategy call with our experts today and take the first step towards dominating your market.
VETTX is a disruptive software platform designed to transform the way dealerships acquire used vehicles. It empowers dealers to source and purchase cars directly from private sellers, tapping into a lucrative market. With VETTX, you can scale your inventory acquisition efforts and boost profitability.
VETTX utilizes cutting-edge technology, including AI-driven data enrichment, automation, and machine learning to streamline the vehicle acquisition process. It aggregates listings from multiple online marketplaces, identifies potential leads, enriches data, and allows you to connect with sellers efficiently. Our platform guides you through each step, making it easy to source vehicles directly from private sellers.
VETTX offers custom pricing options tailored to your dealership's needs. We understand every dealership is built differently and our pricing plans align with that. All you have to do is enter your email HERE for a free market quote.
No, over the years we found that the most successful dealerships typically have at least one in-house buyer that is dedicated to buying cars from private sellers. VETTX maximizes buying efforts and multiplies results.
HERE is a good breakdown of our tool vs. our competition. If you take a look you’ll notice that almost everything we offer in terms of features, technology, resources, and support, our competition doesn't.
It’s actually a really good thing. A few of our top-performing dealers are very aggressive and use multiple tools such as KBB ICO. VETTX and private party acquisition should be a large part of your vehicle acquisition strategy, but not the entire thing.
Every dealership is different if you WATCH OUR VIDEOS you can see some of our clients are buying upwards of 600 cars per year. Can we guarantee that for you? No, but what we can guarantee is that whatever time, energy, and resources you are currently deploying the results will be multiplied.
You’ve come to the right place because we have some of the best-used car buyers in the country on our customer success team that will give you our step by step blueprint on how to turn your dealership into a car-buying machine.