Auction Essentials - Tips to Power Your Specialty Auction Profits
Using auctions can be an uncomfortable process for Specialty dealers unless armed with the behind-the-scenes information on how they work! We recently held several in-depth four-hour meetings for a motorcycle manufacturer and its dealers.
During this meeting we described the language/terms used at an auction, benefits and details around buying and selling at an auction, the different methods of buying/selling (online, in lane, Simulcast, OVE.com) along with ways to search for motorcycles/PowerSports online. We found that the attendees left with a much greater comfort level around the auction process, and most have returned to auctions in person and/or online to buy and sell with greater confidence and success.
Are you interested in attending a meeting at an auction to learn more about the whole process? We would like to schedule learning the "Auction Essentials" at several locations making it easy for you to attend. Please contact us at specialtyauctions@manheim.com or 1-877-704-INFO (4636), and let us know of a good location for you and your team.
Kim Miskotten is the National Motorcycle/PowerSports Manager for Manheim Specialty Auctions