Skip to main content

Keeping Pace as the Wholesale Market Turns

In this vAuto Podcast episode, Patrick Janes, director of business development for vAuto’s Stockwave solution, shares strategies dealers and used vehicle managers can use to find acquisition opportunities as the wholesale values adjust to more normal conditions. Patrick shares how dealers can use technology and tools to identify sellers with high no-sale rates are selling their cars and lean on local market data to fine-tune their acquisition strategies to source higher-cost cars that offer less risk in the retail market. Patrick also outlines an approach for dealers to right-size their acquisitions to ensure their used vehicle inventories complement incoming new vehicle inventory when it arrives from manufacturers.

About the Author

Patrick Janes brings more than 30 years of automotive industry knowledge to team vAuto. As the senior business development director for Stockwave, vAuto’s wholesale sourcing solution, Patrick knows firsthand the biggest risk to ROI is buying inventory at auction, having previously managed day-to-day operations for nine years as a dealership general manager. Before his dealership experience, he spent the first half of his career working with dealers across the country in several field offices for an OEM. For three years, Patrick served as a vAuto performance manager, building a solid understanding of customer needs and expectations. He has seen firsthand an exciting new generation of technologically savvy used car managers and owners that find Stockwave saves time and enables a more strategic approach to the acquisition process. Patrick received his bachelor’s degree in industrial engineering from Bradley University. Patrick has served as a lecturer for Northwood University since September 2018. He teaches vAuto Velocity Principles to students enrolled in Automotive Marketing & Management major: Role & Function of the Auto Dealership and Dealership Variable Operations.

Profile Photo of Patrick Janes