Understanding Auto Auction Arbitrage:
What You Need to Know!
Transparency and fairness are critical in the auto auction industry, but are you being misled by selective data? In this video, we break down the truth about vehicle arbitrage and how some auctions exploit it to distort the facts. Learn how to spot misleading tactics, make informed decisions, and choose the right auction partner for your financial institution.
Key Points Covered:
- The lifecycle of vehicles in auctions (arbitrage explained).
- Typical buyer categories at auctions: franchise dealers, retail lots, wholesalers, and more.
- How larger auctions selectively use data to mislead smaller financial institutions.
- Why independent auctions prioritize personalized service and better results for smaller and medium-sized lenders.
- What to look for when choosing an auto auction or remarketing partner.
Who Should Watch?
This video is perfect for credit unions, banks, and financial professionals managing remarketing needs. If you’re responsible for maximizing returns on auction vehicles, this is a must-watch!