Addressing Inventory Acquisition Challenges
Auto dealers have been experiencing reduced profit margins when acquiring inventory at wholesale auctions due to fluctuating used car wholesale prices leading to lower margins per sale at auctions compared to previous high-demand periods. As a result, dealers have been more interested in acquiring inventory directly from private sellers, which until now has came with its own operational headaches and administrative challenges.
“Dealers are facing an unprecedented shift in inventory acquisition,” said Brad Parker, CEO of DealNow.com. “Our new solution empowers them to tap into the growing trend of purchasing directly from private sellers, bypassing traditional auction channels.”
Streamlining the Loan Lookup Process
DealNow.com’s Instant Loan Lookup and Payoff Solution eliminates the need for dealers to manually call banks for payoff information, a process that has long been a source of administrative frustration and inefficiency. With this new tool, dealers can:
Instantly access accurate loan payoff information
Expedite the vehicle acquisition process
Make informed purchasing decisions with confidence
“Our platform provides dealers with the visibility and speed they need to compete in today’s fast-paced market,” added Parker. “It’s vehicle acquisition, made simple.”
Empowering Dealers in a Challenging Market
The used car market has seen significant shifts, with wholesale values reaching unprecedented levels. This has made it increasingly difficult for dealers to acquire inventory at prices that allow for profitable resale. DealNow.com’s solution addresses this challenge by enabling dealers to:
Source vehicles directly from private sellers
Reduce dependency on wholesale auctions
Make quicker, more informed purchasing decisions
About DealNow
DealNow is a cutting-edge online platform that modernizes inventory acquisition for dealers by offering a fast, secure, and fraud-resistant solution. As the first 100% tech-driven service of its kind, DealNow enables dealers to acquire inventory from private sellers with ease, featuring advanced security measures like drivers license verification, facial recognition, and cross-referencing data from multiple sources to prevent fraud. With escrow-like safeguards and optional services such as vehicle inspections, title checks, and shipping, DealNow ensures seamless, safe transactions without the middleman. Learn more at DealNow.com
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