In the competitive world of automotive sales, having a robust used car acquisition strategy is crucial for the success of any dealership. Used vehicles are a significant revenue driver, and sourcing quality inventory at competitive prices can make all the difference. But even if there are plenty of fish in the sea, or rather cars on the market, it can be difficult to find a consistent, reliable solution so your dealership stays stocked and your revenue continues growing. Enter inride—a game-changer for any dealership looking to enhance their inventory at a competitive, market-driven price. Through a nationwide auctioning system and constantly updating opportunities, it’s never been easier for dealerships to secure great deals on the models they need. Let’s explore just a few of the ways inride can help your dealership grow.
The Importance of a Strong Used Car Strategy
There’s really no point in sugar coating how much the used car market is booming. According to the National Automobile Dealers Association (NADA), used vehicles account for approximately 40% of a dealership’s total revenue. This large piece of the car-selling pie highlights the importance of a well-executed used car acquisition strategy. A steady supply of quality used vehicles not only attracts more customers but also ensures better profit margins. If you’re planning on staying in the green then you need to plan on getting used vehicles at a consistent rate.
Additionally, a study by Cox Automotive revealed that dealerships with a robust used car strategy saw an average increase in gross profit per vehicle of $400. So when you bolster your used vehicle lineup, your entire dealership benefits. However, this is all easier said than done. Sourcing the right vehicles at the right prices can be challenging. Traditional methods, such as trade-ins and local auctions, often limit your options and can be time-consuming. This is where inride steps in, offering a seamless and efficient solution.
Why inride?
Extensive Auction Network
inride’s platform connects you to a nationwide network of interested sellers, providing access to a vast array of vehicles that fit your specific needs. If you have a specific make, model, or even trim in mind – inride gives you the best chance at quickly finding it. Whether you’re looking for late-model SUVs, reliable sedans, or luxury cars, inride’s auctions have it all. This extensive network ensures that you’re not confined to local markets, thereby increasing your chances of finding the perfect vehicles for your inventory.
Competitive Pricing
Of course, finding the right car doesn’t mean much if you can’t turn a profit. There lies the second major strength of inride.
Our auctions inherently drive prices down as sellers compete for the best offers. Because of the expectation that bidding will provide high returns, there’s a competitive environment that allows you to purchase vehicles at prices significantly lower than retail, maximizing your profit margins when you resell them on your lot.
Transparency and Trust
It’s important to be confident that what you see is what you get, that’s why inride’s platform is designed with transparency in mind. Before a vehicle enters the inride auction, an in-person vehicle inspection is completed. This transparency builds trust and ensures that you’re making informed purchasing decisions. No more surprises when the vehicle arrives at your dealership. inride’s platform not only helps you tap into these profit opportunities but also simplifies the acquisition process, saving you time and effort.
How to Get Started with inride
Sign Up and Explore
The first step to enhancing your used car acquisition strategy with inride is to sign up on the platform: https://auction.inride.com/#/pre/home/login. Once an approved dealer, you can explore the extensive auction listings, and find vehicles that match your dealership’s needs.
Participate in Auctions
inride’s user-friendly interface makes participating in auctions straightforward. You can place bids, set maximum bid amounts, and monitor the progress of each auction in real-time. The platform also allows you to select a seller’s “Buy Now” price if you’re looking to secure a vehicle immediately.
Secure Your Inventory
Once you’ve won an auction, inride handles all of the logistics, including vehicle delivery. This streamlined process means you can focus on selling vehicles rather than worrying about the fine print.
Recap
inride offers a powerful platform that revolutionizes how dealerships acquire and sell used vehicles. With access to a vast auction network, competitive pricing, and a transparent vehicle condition inspection, you can bolster your inventory and boost your dealership’s profitability. Don’t miss out on the opportunity to transform your inventory and drive your business forward.
Ready to enhance your used car acquisition strategy? Visit inride.com to learn more and sign up at https://auction.inride.com/#/pre/home/login to discover how inride can help you secure the best deals and keep your lot stocked with quality vehicles. Join the growing number of dealerships that are experiencing the inride advantage and take your business to the next level.