Retail

The need for speed in used-car auctions continues to increase

Speed is of the essence in moving used vehicles from auction to customer, said Toronto dealer Craig Cowling. “What you want to do, if possible, is a two-day turnaround.” (Perry Lefko)
October 03, 2019 01:55 PM

As sales of used cars become increasingly important to a dealership’s bottom line, retailers and their vendors are working to increase “velocity,” or the speed at which vehicles move through the auction process and are sold to customers.

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