Market Conditions Commentary
With nearly 40 years in the wholesale automobile business, our founder Robert Hollenshead offers his insights on the market and where it is going -- info to help your business succeed!
by Robert Hollenshead
1/11/2015 12:56:51 PM

There is no thrill left in putting 20 G on the playoff games, sitting at a $1,000,000 poker table, or following the Great Karl Wallenda over the high wire of the Niagara Falls.  After this week we have to up the stakes. 

The odds at auction time were getting worse, six degrees Fahrenheit, a 20 KMH wind coming from the north, wind chill who knows what (ink freezing in the pen where it would only write half a number), snow and ice on everything and couldn't use water to clean anything as it only makes it worse on the frozen rags, nobody, nobody in the building, simulcast locking up (probably because the computer got frost bite), cars lost by drivers all over the 200 acre lot, snot freezing up as our people courageously did everything they could to make them all sale ready, dead batteries, out of gas, sliding into one another, and off we go.  No turning back or quitting with sore

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by Robert Hollenshead
1/6/2015 11:51:18 AM

 Actually I need the Depends at this point.  It’s freezing cold, my people and dead tired, there is 1,350 units on the ground, it’s snowing, 300 more cars on the way, and I am **ssing in my pants.  Once again, we have a new world record pinched and primped, just for you, but they are coming at a tremendous cost on my mental stability (which I understand most of you have questioned in the past anyway) as well as testing the courage of our workers. 

 

We work from a tiny toilet of a shop packed full of courageous dedicated people.  And since it is a simple statistical fact that we are the largest volume single point car dealer in North America, bar nobody from California to Vancouver, Maine to Key West, I want to acknowledge the girls and guys busting their

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by Robert Hollenshead
1/2/2015 5:47:32 PM

Happy New Year to each and every one of you.  Now we got that out of the way let’s turn to business.

I am making an official announcement today on next week’s sales at the 17545.  I am going to hold a completely sick sale next week.  Thursday High Line we will have 400 + select units, every one of them a trade and every one of them a first time to the market unit.  Friday is the nut case sale of all time.  I will have 1,200 units in three lanes.  This is an event that has never been attempted in wholesale history.  I own each one of these 1,600 units, there isn’t one of them that is on consignment or being “repped” (and as you all know in our lanes they never are).  What this means is that they will all, all, all be sold.  If you are a vAuto dealer, pay attention.  If you aren’t pay attention.  If you are a shrewd buyer, pay attention. 

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by Robert Hollenshead
12/6/2014 7:03:56 AM

As previously stated, it happened.  Except now it really happened, a geezal.   That was not a fat finger typo.  A geezal is one thousand.  It normally refers to doe.  You know, a gee is  $1,000.  In this case it refers to 1,000 cars, in a week, bought one by one, on the street and sold, in a week, one by one from dealers to dealers, professionals. 

We sold 1,022 units for the week.  By hammer time, 9AM Friday, we had 835 registered of which we sold  94% and an average price of $21,012.  There were just under 187 units sold prior to the sale and another 275 that were delayed in recon that had to be shifted to next week.  Of the cars that hit the block we sold 874 units under the hammer with stellar simulcast activity.  Thank you to all dealers that participated.

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by Robert Hollenshead
12/2/2014 8:00:48 PM

It happened.  Not just it, but a couple of things took place.  One of them will never happen again.

 First we made a move.  Our Company has branched  to Florida.  After 35 years in Manheim Pa our administrative office is relocating to West Palm and Delray Beach Florida.   We will still be breaking sale records every week in the 17545 but we are shifting a portion of our attention south.  If you are a car buyer with balls, wholesale brains, integrity, an insatiable will to win and be on top, a real competitor regardless of circumstances,  and have legitimate stops,  I am interested in talking with you.  If you are washed up, worn out with a million excuses about how the world has screwed you please stay away.  Criminal records can be overlooked if

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