This week Bob takes on the question, "Where are wholesale marketplaces going in the future?" This episode recorded and released on Feb. 25th, 2021. People that build wholesale marketplaces aren't experienced Traders. They're not considering the people participating ie: the buyers and the sellers. They don't consider: Why is the vehicle there? Who is the best end user? Most marketplaces today support the status quo. 4:45 Wholesaler: A person that underwrites the price of a vehicle for a Dealer. Who is the highest and most efficient seller in a marketplace? A wholesaler. Why? Because they've got skin in the game. Consider how any condition report on any marketplace looks. The guy that created that never had to look at 300 a day to buy two cars.This creates bidder fatigue and brain fatigue for market participants. 12:25 What elements are necessary for the ultimate marketplace? - Where buyers have everything necessary to make an instant decision. - Everyone in the market has the same option at the same time. ie: the commoditization of the VIN. Showcasing the number of shoppers sets the stage for testosterone and egos. Traditional Wholesale Marketplaces have stayed relevant because they do cheques, titles and arbitration. What if an OBDII reader could eliminate 90% of the possibility of an arbitration by revealing the mechanical health of the car prior to acquisition? The Future of Wholesale Marketplaces? Setting the lowest price and hunting for the best end user.
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Developed by the largest independent wholesale dealer in history, Robert Hollenshead. It’s the same tool they use every day to do their job. Every lesson learned from over $20 Billion in transactions and 900 cumulative years in wholesale is built into the platform. All made easy to understand and available for anyone to use.
Robert Hollenshead is a serial entrepreneur, the World's Largest Automotive wholesaler (R. Hollenshead Auto Sales) and visionary behind disruptive automotive industry solutions such as:
Accu-Trade: www.accu-trade.com
Galves Market Data: https://www.galves.com/
MADE Logistics: https://made-logistics.com/
Headstart VMS, LLC: https://www.rhollensheadautosales.com/headstartvms/
MADE Financial: https://www.rhollensheadautosales.com/made-financial/
AutoMoto Social: https://www.automotosocial.com/
AutoMoto HR: https://www.automotohr.com/
WreckCheck.com: https://www.wreckcheck.com/
PuroClenz: https://puroclenz.com
Robert has been and continues to be a game-changing thought leader in the way vehicles are bought and sold today.