Carmax Auction is probably my favorite dealers auto auction and I explain why in this video. When I do have some spare time from running my dealership in Los Angeles for the last thirteen years I offer auto auction consulting as well as automotive finance training.
Financing Used Cars instead of selling them for cash will make it possible to triple your profits on each and every deal. You can not solely rely on front end-profits. Selling products on the back-end will add a MASSIVE additional revenue stream. The more banks you establish relationships with, the more likely you’ll make a deal with a credit challenged customer and receive a larger net check. If you apply what I disclose in this video I GUARANTEE you will make a lot more money.