Wholesale Markets

Here is an article from the October 15, 2012 issue of Used Car News – just came in today. We think this really reflects how the market is changing right now. This business is awesome. We have been hearing through the grapevine that Manheim Milwaukee is a very successful auction! Many of our guys prefer to go up to Milwaukee, and this has definitely caught our attention. I guess they are doing something right!!! We have been feeling this market is definitely starting an upswing and this is reinforced by Kristie Griffin, President of Manheim Milwaukee in the last sentence. “This is going to be the start of a great recovery. I can feel it.” Thanks Kristie!

Kristie L. Griffin, president, Greater Milwaukee Auto Auction, Milwaukee:
“Sales have been on fire. General Motors’ inventory is really high. We’re running two lanes with 650 units at every factory sale. That’s made our open sale explode. We’ve added a fifth lane. We’re running 1,000 units a week in our open sale. “It’s just a wonderful time of year for us. It’s almost like a spring market in the fall. “We just celebrated our eighth anniversary in July. We work very hard and we’re very excited about our growth.

“The dealers are very happy. The back-to-school market generated a lot of traffic in the dealerships. The manufacturers put forth a lot of incentives to move out last year’s cars. The manufacturers are great partners for the dealers right now. That’s helping to move a lot of cars. “Our foundation is trade-ins. I was a used-car dealer and a new-car dealer. Both my brothers are dealers and my husband is a dealer. When I talk to dealers, I talk to them from their point of view. “Gas prices haven’t had a lot of effect in Wisconsin because it’s snow country. Trucks are always pretty stable.

“Dealers are starting to stock up for tax season. Our auction is on 30 acres, so we let a dealer or two store their cars for tax season. They are already starting to buy for it. Our volumes are still high for our open sale, so this is a good time to do that. “The right car does get all the money in the world. The wrong car won’t get an opening bid at hardly any number.

“The spring market will start early. Dealers are going to build into it. We’re going to have a wonderful fall. This is going to be the start of a great recover. I can feel it.”

One Stop Auto Wholesalers Team

“The car business is a lot like football. In football, you have to win once a week. In the car business, you have to win every day.” -Tom Dempsey

One Response to Wholesale Markets
  1. Mr WordPress
    June 13, 2012 | 9:15 pm

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