Why Dealers Are Moving to Digital Auctions By OPENLANE AADA’S FEATURED PARTNER, OPENLANE The used car business moves fast, and your time matters. Every hour spent away from the dealership is an hour you’re not closing deals or planning your next inventory move. That is why more dealers are rethinking how they source and sell wholesale inventory. Instead of spending a full day traveling to a physical auction, waiting for the right lane to open and hoping the right vehicles show up, many are building a stronger vehicle-sourcing strategy by switching to digital auctions. The numbers back it up. According to a recent JPMorgan survey, 64% of franchise dealerships now prefer digital-only auctions, up from 50% last year. With OPENLANE’s digital wholesale marketplace, dealers can evaluate nationwide wholesale inventory, review detailed condition information and keep their sourcing process moving without putting the rest of the dealership on hold. Here is how moving more of your wholesale buying online can help you protect your time, source with more confidence and make smarter inventory decisions. 14 Arkansas Auto Dealer
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