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Making Sense of Wholesale Valuations and Vehicle Sales

 

In this episode, vAuto podcast host Lance Helgeson and Patrick Janes, director of business development for Stockwave, discuss how the current crisis has caused uncertainty in wholesale valuations and created an opportunity for dealers to use MMR Retention to gauge wholesale valuations. The episode also examines recent wholesale sales that provide a ray of hope that the market is moving and offering an outlet for liquidity as dealers grapple with fewer retail sales, incoming trade-ins and aged inventory.

 

 

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