When a competition finishes, the participants that are recognized are first place, second place, and third place. This is because the first 3 are ranked as the top finishers in the overall competition. Just like any other competition, businesses compete to be the best. In order for auto auctions to be at the top of their industry, they need to adjust with the trends, which includes technology.

From the 1930s to the 1960s, jazz music ruled the world. But when the 1960s began, The Beatles started a new mainstream trend in music, replacing jazz as the latest craze. The popularity was measured by looking at the songs on top of the music charts and the best selling albums. That’s the same relationship market reports have with vehicles in the automotive industry.

Do you prefer watching movies at home or going to the theater? Watching from home allows you to enjoy a movie from the comfort of your couch, bed, or living room, without having to leave the house. On the other hand, going to the theater lets you view a movie on the big screen, with loud audio, and popcorn straight from the machine.

Batman vs Superman. McDonalds vs Burger King. Coke vs. Pepsi. People all throughout history have debated over the quality of one thing to another. What’s better, Item A or Item B? This debate also applies to auto auctions.

Have you ever seen a birth certificate? It’s a document that proves a person’s identity by listing their name and personal information. With this piece of paper, you can also confirm their parents. That’s what a title is to a vehicle. It confirms a vehicle’s information and who owns it.

Have you ever gone to an “All You Can Eat” buffet and noticed there are plenty of options to choose from? Maybe more options than you expected? Did you know you can get that same experience when you go to an auto auction?

It’s the 21st century, where you can do almost anything online. You can watch movies through streaming services, order groceries on a store’s app, and even meet the love of your life on a dating website.

Have you ever set a New Year’s resolution of working out for the year, then giving up a few months in? A lot of times people stop due to having no clear workout plan or lack of knowledge of training. This leads to people giving up and having an overall bad experience.

Have you ever gone to a concert? If you paid for a general admission ticket, you’d be able to enter and watch the show as a regular customer. However, if you paid for the VIP package, you would get front row seats, backstage passes, and a meet-and-greet with the artist. This is a similar situation with public auto auctions and dealer-only auto auctions.

Trying to sell vehicles at an auto auction when the market is low is like trying to sell a heater during the summer. There might be some people who will buy one because they want to be prepared for the coming season, but most people will just wait until fall and winter.