So I was just reading about a record breaking auction in Southern California where 178 units were sold of 244. Great press. Very interesting. A 60% sale ratio, high five, or suicide?
I have 700 units that will be sold in the 17545 tomorrow and Friday. We do everything we can to keep that fact a secret. If I sold 178 cars at an auction I’d lay down in front of a loaded, 80,000lb, 10 car carrier going 80MPH. Even with no marketing, no profiling, no contact with our buyers of any kind (unless it is to prevent a sale in the post-sale process where we the seller, the only player that should be included in the conversation to keep cars sold…on sale day…not a week later) are eliminated from the conversation (which is the wildest thing that has de-volved in the auction process), we will sell 95% or 670 units, on the block, make no mistake.
The idea that the market is picking up or stabilized is
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