by
Robert Hollenshead
2/29/2012 3:15:57 PM
Ok, here is the deal. I have 700 units in the 17545 for Thursday lane 11 and Friday lane 22. I really hate to brag as it isn’t polite or my style, but I am bragging. This could be made illegal by all other auctions. Ain’t nobody in the continent got what we rounded up this week. Separate from “no cars around” we have precisely what you would order if you had a menu of what doesn’t exist. Worse than that, there isn’t one unit that is not a trade.
In other words, they are not re-shuffled auction slugs, flunked the shop rejects, bid-lot–pigs, or lost and found repos. These little hamburgers are new car trades that all required extraction from the source. It is very similar to the work done by a dental laboratory that does the dreaded dry socket operation or root canals. Who wants to lose their teeth? Nobody. Who wants to wholesale creamers? Nobody. What is required
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by
Robert Hollenshead
2/26/2012 10:18:56 AM
Was anybody watching? It was nuts from bell to bell. The regular sale sputters out around noon and goes to nothing but if you were watching 22 at 2PM, I couldn’t see what I was selling as the crowd was so thick the cars disappeared. Wild. This is why God created an auction (and simulcast). He knew it would be the only way to sell cars. Even though he didn’t invent a car until recently, He knew it would pan out to be the most efficient and serious way to get ‘er dun. God was right. Regardless of which God you adhere to, please thank him for letting us use this methodology of cashing metal into money. I am in the process of tithing as we speak to show my gratitude.
You see, God does know all. He also knows that letting merch lay around and go moldy is a sin. He knows that in order to multiply something you got to move, fast. Letting things lay around causes paralysis from
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by
Robert Hollenshead
2/22/2012 11:06:41 AM
The first three weeks of February I have sold 1,700 units and have 550 more for Friday to round out the month. The average price is one percent over average MMR. The sales percentage is running just under 95%. Is that scarce?
What this means is we are not playing softball, hide and seek, or Chinese Checkers. We’re in the cage with no gloves on and we are doing business, win, or lose. If anyone that is in our lane or on simulcast can show me that you got jerked by bidding on a car and we didn’t sell it, I’ll send you the title for free. Simply not my style or MO.
This week, it is a car show with the exception that if ever one of these Foster Children will be getting a new home, I guarantee it. This is not practice or a contest to see if we can hammer the buyers into a coffin that requires a crane to extract them. It’s pure ACV. If the bitch is presented correctly and
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by
Robert Hollenshead
2/20/2012 2:42:04 PM
It has become clear to me that simulcast is the winner in the race to find the answer to the question of how we will be buying and selling in the future. Simulcast or a version of it will be the heavyweight champion of the remarketing world.
Static listings will go away for professional serious sellers.Statics are little league no matter how you dress them up. They simply don’t work to sell in any volume at a professional conversion rate or to find ACV in any way shape or form that simulcast can’t crush. Static formats require too much wasted time and wasted research. They convert near nothing, and certainly nothing that a live sale doesn’t dwarf. The ability to reveal the condition, touch the potential market and create the emergency where fear and greed collide is where simulcast hits its stride and leaves the statics in the rear view dust. It maintains the unique beauty of an
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by
Robert Hollenshead
2/15/2012 11:29:26 AM
My spies around the country are all echoing the same thing. Trash has caught some wind under its wings over the past week, but there is a limit. It is 7G trash, not 15G trash.
Even though I have been selling at 95% conversion over the past month, the general market, and merch supposedly scarce (?!@^*<>+_?), is not balls to the walls red hot. The scarce part is such a joke. Reading and listening to the sideliners espouse this as if they had a clue is Saturday Night Live funny.
When the world’s largest auction no-sales 4,000 cars a week, where does the scarce part fit in? In my opinion the market is very lack luster and we are making buyers into sissys. If you get out of bed and put your Chucks on, there are thousands of cars for sale. But picking over inventory on line that converts at 5% is creating brain freeze.
I have guys coming from the hinterlands that buy and take 40-50
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