Too many dealers are all bidding on the same aging unit that has extremely tight margins.
Dealers have to pay buy/transport fees & sometimes a fee for every private party lead they get.
Inventory levels are directly affected by market forces because you have a passive strategy, not an active one.
For every deal that happens through Craiglist that's one less deal for you and two potential customers you’ll never have.
When neglecting private sellers you are missing out on building relationships and growing your brand awareness.
Dealers may spend valuable time traveling to auctions, only to return empty-handed.
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.
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.
Recognition of trends and market performance.
Growing Client Base
Increasing network for future opportunities
Promoting your presence in the community.
Controlling the Market
Reducing the risk of losing deals to private sellers.
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.