By enabling customers to source finance quotes online, and potentially purchase vehicles, dealers aim to close a key gap in the customer journey which many believe puts them behind other business sectors.
CarMax President and Chief Executive Officer Bill Nash said. “Enrique is a talented leader who has demonstrated a strong ability to build and lead teams while collaborating and communicating effectively with all stakeholders."
Columbus Fair joins XLerate’s established group of auctions, which have physical and satellite sale operations in California, Florida, Georgia, Illinois, Michigan, New Mexico, Pennsylvania, South Carolina, Texas and Wisconsin.
The company says its platform powers advanced features such as its budget optimization engine. The engine optimizes daily spending based on a predictive algorithm, which determines how quickly cars will sell at various budget levels.
Henry Park, HyreCar’s COO, said, “Dealerships are an ideal partner since they possess brand recognition and proximity to our drivers at the local level. Additionally, HyreCar’s scalable platform enables our partners to enjoy immediate ROI from their standing inventory.”
"It's now possible for a prospective customer to register their interest against a vehicle available for sale through CarGurus and that will automatically generate a lead for the dealership on the Contact Advantage platform," said Martyn Morgan, Business Development Manager for Reynolds U.K.
CEO Jim Hallett said he believes 2019 will prove to be the peak year for brick-and-mortar auto auction volumes—thanks to a plateauing of the number of cars coming off lease and the growing use of online auctions by buyers and sellers.