Best places to source stock??

[Jimbo 11]

Hi guys

being in my first proper year of trading i am really enjoying it so far...!

i have a decent sales background in and out of car sales and work extremely hard on customer service side of things. 

Main issue is getting a decent supply of stock. I dont want to use auctions so looking at other avenues

this may be an age old secret and no one will want to share but what are the best routes to try to gain stock?

i have an agreement with 1-2 local traders to buy their trade ins which is great but i usually sell out before they have more stock. 

Got a meeting lined up with a main dealer to buy some trade ins which would be great. 

But where else? Do you make trade offers to private sellers on ebay and AT? What about dealerbid? 

Thanks in advance for any advice

[BHM 994]

When you find the holy graille please let me know too!

[trade vet 702]

Hi Jimbo

When you get more established and your business expands,you won't be able to rely on main dealers.You will need to learn to use auctions.

[metcars 397]

... and me, still looking after 30yrs

[Rory RSC 596]

One of the easiest parts of the business is the avenues to source stock.

Auction.

Main dealer connect.

Private. Offer car buying service or hunt down the classifieds.

Trade ins.

 

Buying and making money, not so easy.

 

Not much more to it.

[Arfur Dealy 823]

I buy all my stock via Manheim online or via physical auction. I occasionally buy local private sales but only when I can add significant value. I sell all of my own PX,s. If you want to sell in excess of 150+ cars a year or specialise you'll need to buy from Auction.

[justina3 518]

This is in my view one of the hardest part of the industry, but getting very close are idiot customers with a law degree from google

[It's me 615]

i always say the hard part is buying good stock

even a fool can sell good stock

every weeks different

I always tell myself to go in with eyes wide open and not to think that ones mine that is because there's always someone who thinks the same as you, so you have to purchase using    psychology sometimes and outmanoeuvre the other buyer by banging your bids in quick and determinedly, rather than waiting for the going going gone rubbish.

Oh and watch out for the local traders selling you their p/x chop ins because once they realise you will buy anything they will smell blood even though long time gain is better for short term gain for them,(if yours are better than this then remember a nice bottle of malt is always welcome at xmas)

Edited August 27, 2017 by s and b

[trade vet 702]

38 minutes ago, s and b said:

i always say the hard part is buying good stock

even a fool can sell good stock

every weeks different

I always tell myself to go in with eyes wide open and not to think that ones mine that is because there's always someone who thinks the same as you, so you have to purchase using    psychology sometimes and outmanoeuvre the other buyer by banging your bids in quick and determinedly, rather than waiting for the going going gone rubbish.

Oh and watch out for the local traders selling you their p/x chop ins because once they realise you will buy anything they will smell blood even though long time gain is better for short term gain for them,(if yours are better than this then remember a nice bottle of malt is always welcome at xmas)

Banging in quick bids etc...not always a good idea in my experience ! Auctioneers will tell you they can read bidders body language so they will trot you up every time.

[justina3 518]

Yep plus one for banging in the bids also, our local non franchised auction house tends not to run the local traders up,also helps if your known for buying a certain kind of car I would place a large bet when i see a certain car coming through as who is going to buy it (leaving out the private punters who always go up and beyond)and 9 out of ten times i am right.

 

 

[Arfur Dealy 823]

My auctioneers know I very rarely go above CAP average, they know I'm there to buy but will turn my back and move on. When an auctioneer know you can be bid up you are then become their bitch. Just turn your back, walk out, move into the next one. 

[grant8064 219]

1 hour ago, trade vet said:

Banging in quick bids etc...not always a good idea in my experience ! Auctioneers will tell you they can read bidders body language so they will trot you up every time.

Not if you set yourself a limit, stick to it religiously and drop out as soon as it goes above. They soon stop running you up once they've ended up red faced buying a few in well above book with the vendor in the room asking wtf they're doing.

As an ex-auctioneer, the very best customers are the ones you know will go an extra bid at the end of the bidding if talked into it. Those were always the weak ones that you could afford to consistently run up (not that I ever partook in that of course) because they never set a price limit that they stuck to.

[Arfur Dealy 823]

22 minutes ago, grant8064 said:

Not if you set yourself a limit, stick to it religiously and drop out as soon as it goes above. They soon stop running you up once they've ended up red faced buying a few in well above book with the vendor in the room asking wtf they're doing.

As an ex-auctioneer, the very best customers are the ones you know will go an extra bid at the end of the bidding if talked into it. Those were always the weak ones that you could afford to consistently run up (not that I ever partook in that of course) because they never set a price limit that they stuck to.

Exactly my point. 

[grant8064 219]

2 hours ago, Arfur Dealy said:

My auctioneers know I very rarely go above CAP average, they know I'm there to buy but will turn my back and move on. When an auctioneer know you can be bid up you are then become their bitch. Just turn your back, walk out, move into the next one. 

Exactly this

[BCC 9]

Send us an email and we will add you to our traders email list.

We specialise more in performance stock so often trade 'normal' cars on ranging from £500 - £10k 

info@blakedowncarcompany.co.uk

Edited August 28, 2017 by BCC

[Jimbo 11]

5 minutes ago, BCC said:

Send us an email and we will add you to our traders email list.

We specialise more in performance stock so often trade 'normal' cars on ranging from £500 - £10k 

info@blakedowncarcompany.co.uk

Will do thanks you. Can i ask where you're based

Thanks for all the replies and yes gather its a bit of an open ended question!!

 

would rather not deal in auctions as i have this vision of everyone just wanting same cars and coming away empty handed every time or paying over odds

will keep building relations with local dealers and also look at private side thanks guys

[russp 10]

9 minutes ago, BCC said:

Send us an email and we will add you to our traders email list.

We specialise more in performance stock so often trade 'normal' cars on ranging from £500 - £10k 

info@blakedowncarcompany.co.uk

Please add me to your traders email list as you are quite local

sales@russperformance.co.uk

Thanks

[andymc1973 199]

me too, andrew@mcarsnortheast.co.uk

[nexoxen 0]

Please add me info@CarsBoughtForCash.ie