![]() Regardless of where your dealership is located, increasing your average used car profit margin is critical to your bottom line with every bid. However, you need to be able to identify which cars, trucks, or SUVs will sell quickly in your market while clearing as much profit as you possibly can. In the modern used car sales world, keeping the lot full at your dealership depends heavily on purchasing the right vehicles at auction. ![]() However, when dealers are purchasing vehicles at auction (for inventory), Black Book’s WHOLESALE data is second-to-none. ![]() For that reason, car buyers are not typically familiar with Black Book values and they may not trust a Black Book-driven appraisal at a dealership. A leading provider since 1955, Black Book has continuously evolved to ensure that it achieves its goal of delivering mission-critical information to its customers, along with the data analytics necessary to successfully buy, sell, and lend.”īlack Book is exclusively geared towards dealers, wholesale buyers, and lenders, whether it is by website, smartphone application, or 3 rd party integrations. What is the Black Book Auto Value Guide?Īccording to its website, “Black Book® is best known in the automotive industry for providing timely, independent, and accurate vehicle pricing information, and is available to industry-qualified users through online subscription products, mobile applications, and licensing agreements. To understand which car appraisal tools are right for you, take some time to see how the three different vehicle valuation services compare to each other. ![]() Most dealers choose more than one guidebook when appraising to make the most informed decision for their investments. The entire automotive sales industry leans on all three car value guides for various reasons. Kelley Blue Book is heavily used on the West Coast, Black Book in the Southeast, and NADA (now known as J.D.Power) is more widespread nationally due to its heavy dependency on financial institutions in regard to loan originations. Ask any used car dealer what the most accurate guidebook is and you will likely get very different answers depending on what part of the country you are located in. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |