How used car inventory acquisition works
We research auction inventory, evaluate condition and cost, bid and buy for the dealer, then route the vehicle through our transporter network to the dealer's lot, with a goal of 2 to 4 days to arrive. Auctions and transporters invoice the dealer directly.
The process, step by step
-
Research
We review auction lists daily against a dealer's specific inventory needs: what they're short on, and what sells at their location.
-
Evaluate
We check condition reports and pricing guides against real wholesale scarcity and demand, not just book value.
-
Bid and buy
We bid and purchase at auction as the dealer's authorized agent.
-
Payment
"We follow the auctions' requirement for vehicle purchases. This requires immediate payments or lines of credit on file with each auction. We require either ACH or floorplan information to be on file so we can get the cars released at the time of purchase."
-
Transport
Our transporter network moves the car to the dealer's lot rapidly. We aim to get purchased cars to dealer's reconditioning facilities within 2-4 days.
-
Billing
"The transport companies bill the dealers directly. The auctions bill the dealers directly." We are not in that invoice chain. We invoice the dealer at the beginning of each month, itemized, for the prior month's purchases.
Where we buy
A few of the many auction sites we research every day: ADESA, EDGE Pipeline, OPENLANE, ACV, Manheim OVE, and a handful of independent auction houses.