ADESA

It's McNeil from Louisa Automotive and it seems And I got a question from Mohammed who wants to know what is the difference between a deser and Mannheim and if we can just explain a little bit of the pros and cons between those two auctions. So this is what we're going to be talking about today What is the difference between Mannheim and a deser auction, the pros and cons of using either or of them. So to get into the video, the first thing I'm going to say is me personally, I mostly use a deser auction and the reason why I use the deser auction is mainly because of the convenience. Where I live and where my dealership is, a deser happens to be So because of my commute, it makes sense to me Then I'll use the transport and down to dealership because it's kind of on my route. On my way home I can have an employee drop me at the auction. I take one of those auction cars and drive home. So it's just easy for my commute and my convenience to use a deser. However when I need more inventory and we sell a lot of cars and I need more options, I would also buy from Mannheim even if it has to go out a little bit of my way. So you'll find you probably use whichever auction that is convenient for you based on where you live. Now let's get a little bit into the fees and whatever run fees, sell fees, buy fees, whatever fees that the auctions have. I find between a deser and Mannheim because they're the two most dominant players in this auction game. It is absolutely extremely competitive. So the fees are relatively the same. So you're not really going to be saving money trying to choose one specific auction. And if one auction is more convenient for you and one has a $2 or $5 fee more for doing a specific transaction, it wouldn't matter to you because your convenience is way more than that. So when it comes to the fees, they both get a check mark for that. They both are very, very competitive. Now when it goes to inventory, availability of the type of inventory, if you are buying dealer consignments, generally speaking, that means you're buying cars and selling cars that are five years old or older and you're buying cars from a dealer to a dealer. Right? So that's what it's called, dealer consignment. Both auctions has lots of selections and similar selections for dealer consignments. Now if you're trying to sell a little bit more of the newer type of inventory, that's where the two auctions differentiate. If you are buying a car that are a year, two years old, and you're buying it directly from the manufacturer For example, let's look at a Dessa. A Dessa has a contract with Mercedes, Canada. So if you're looking for one or two year old Mercedes, you would want to go to a Dessa. Nissan and Infiniti, Ford, Toyota, Lexus. These are the most dominant ones that I can remember off my head that they actually have relationships with. So which means if you're looking for any one of these type of cars that are a year or two years old directly from the manufacturer, awfully, type of inventory, you would go to a Dessa. Now if you're looking for cars Mannheim is with Volkswagen, also has Audi. So you have Volkswagen, Audi, BMW, Mini, lots of Chevy's, Dodge, basically the whole Chrysler brand is over there too. These are the brands that would be at Mannheim. So when it comes to the specific types of inventory, that's where you would find yourself going to a different auction if you're a client on a very specific car. But quite frankly, to run your business, most If you're a new dealer, maybe most Just look at the location of that auction and where your shop is and where you leave and how far you want to commute. Even when they won't work well for you, you're not going to make more or less money by using a specific auction. But If you actually want to dabble with the newer cars, the year or two year old cars, you want a specific brand, then you'd want to lean towards the company that gives you the brand that you're looking for. If you find a car that is five years older and you can get any make and model from a dealer consignment, it doesn't matter which auction you use. Hopefully this was helpful for you, Mohammed and anybody else who are interested in the auctions and trying to figure out which is the best one for them. I hope that gave you all the information you need. Thanks for watching and Hit the Appreciate your support. Catch you on the next one. Bye.