A wide range of vehicles is offered on CarCollect every day by professional sellers. To avoid missing out on interesting opportunities, it is important to search actively, bid strategically and regularly monitor the available stock.
By using the right approach, helpful features and proper preparation, you can increase your chances of purchasing vehicles that match your business needs.
In this article, you will learn how to get the most out of CarCollect's vehicle purchasing platform.
1. Set fixed times for bidding
Interesting vehicles can sell quickly. By setting aside specific times each day to review the available stock and place bids, you increase your chances of responding in time.
Successful buyers regularly use the platform and monitor the available stock consistently. This makes you less dependent on occasionally coming across an interesting vehicle.
2. Use filters and favourite searches
You can use filters to narrow down the available vehicles according to your preferences. For example, you can filter by vehicle type, make, model or price range.
Found a search that matches your purchasing needs? Save it as a favourite search.
The benefits:
You do not have to set the same filters every time.
You can find vehicles that are relevant to your business more quickly.
You can choose to receive a daily email with new vehicles matching your filters.
This helps you stay up to date with relevant stock.
3. Use the bid indication
The bid indication gives you additional insight when deciding how much to bid.
You can activate the bid indication once per vehicle. After activating it and placing a bid, a coloured dot shows how your bid ranks compared to other bids.
The colours indicate the following:
Green: your bid is in the top 3.
Orange: your bid is in 4th, 5th or 6th position.
Red: your bid is in 7th position or lower.
This gives you more insight into the position of your bid and helps you decide whether you want to submit an adjusted bid.
4. Calculate your maximum bid using the Topdown Calculation
A good bid starts with understanding your costs and desired profit margin.
With the Topdown Calculation, you can determine in advance what an interesting bid would be based on your own business data. You can take the following factors into account:
Days in stock.
Interest.
Depreciation.
Warranty.
You configure the calculation once using your own business data. When you want to place a bid, activate the Topdown Calculation in the bidding menu. CarCollect will then automatically calculate an advisory price for that specific vehicle.
Would you like to use this app? You can request access through CarCollect Support.
5. Add favourite trading partners
Do you regularly trade with specific sellers? Add them as favourite trading partners.
This allows you to monitor the stock offered by these companies more closely. You spend less time searching through the entire vehicle offering and can find vehicles from your preferred sellers more quickly.
6. Choose the right marketplace
CarCollect offers vehicles through three different marketplaces. Each marketplace has its own type of vehicle offering.
General
This marketplace mainly features vehicles from franchised dealerships. These include trade-in vehicles and vehicles that will become available soon.
Remarketing
Here you will find, among other things, ex-lease vehicles, damaged vehicles and ex-rental vehicles. These vehicles are often immediately available and can therefore be delivered quickly.
Buy-Now
On Buy-Now, you can purchase vehicles immediately at the displayed price. This offering often comes from independent dealerships and consists of vehicles already included in their business stock. You can purchase a vehicle directly or place a bid first.
By actively monitoring the different marketplaces, you increase the range of vehicles available to you.
7. Make sure your buyer profile is complete
A complete and up-to-date company profile gives sellers confidence and helps ensure a smooth purchasing process.
Regularly check that the following details are correct:
Loading and unloading address.
Opening hours.
Company information.
Contact details.
This helps prevent unnecessary delays during the further handling of a purchase.
8. Make use of available integrations
CarCollect offers various integrations that allow you to connect vehicle data, market information and existing software systems in one central environment.
Both free and paid integrations are available. These allow you to tailor CarCollect to your organisation's working methods and information requirements.
Would you like to know which integrations are available? Contact CarCollect Support.
9. Get support when you need it
If you encounter any issues while searching, bidding or purchasing, you can contact CarCollect Support.
Whether you have a question about a bid, an auction, using the platform or another feature, our Support team will be happy to help.
Get more out of CarCollect's vehicle offering
By regularly checking the available stock, using the available features and bidding consistently, you can increase your chances of finding interesting vehicles.
Stay active, configure your searches effectively and make use of tools such as the bid indication and the Topdown Calculation.
Tip: Would you like more practical guidance on improving your purchasing process? Watch the webinar in which Joël takes you through the platform step by step and explains how to get more out of CarCollect.