Even as like, we're the number one manhime seller. And everyone thinks like, we just don't get short. One second, what do you mean by that? What the number one manhime seller? You're the number one manhime seller in the world? Yeah, yeah, whole set up. Seeing a location, yeah. Wow. Well, anyone, it isn't mad. Yeah, nobody else is some 1,500 cars a week.
What's up, everyone? This is Car dealership guy. You're listening to the Car dealership guy podcast, which is my effort to give you access to the most unbiased and transparent insights into the car market. Let's get into today's episode. Chad Cunningham is an automotive wholesaler at wholesalchat.com and a part of Give Me the Vin, the world's largest auto wholesaling business. This was a ridiculous conversation in the best way possible. We discuss how he decides how much of vehicle's worth, how many cars give me the Vin sells per week, what cars he avoids, the time he lost his pants on 98 Teslas, and accidentally building 140,000 person Facebook groups for car buyers and sellers. Pretty crazy list of topics, right? Well, before we get into the show, this episode is brought to you by Fullpath.
大家好,我是汽车经销商的人。欢迎收听我主持的汽车经销商播客,这是我为了让大家能够获得最公正和透明的有关汽车市场的见解而做的努力。接下来进入今天的节目。Chad Cunningham 是 Wholesalchat.com 的汽车批发商,同时也是全球最大的汽车批发公司 Give Me the Vin 的一员。这是一次非常有趣的对话。我们讨论了他如何确定一辆车的价值,Give Me the Vin 每周销售多少辆汽车,他避免的车型,他在 98 辆特斯拉车上失去裤子的经历,以及意外地为汽车买家和卖家建立了 14 万人的 Facebook 群等话题。听起来很疯狂的话题列表,对吧?在进入节目之前,这一集由 Fullpath 赞助。
Wasted data is a serious issue in automotive, but data is the key to driving revenues, which means some dealers out there are just ignoring a gold mine that is staring them in the face. Let's face it, most dealerships are completely overrun with data silos. None of the data sources are integrated with each other, leaving the data as a jumbled mess instead of a clean said that could be turning into cash. Fullpath solves this by gathering, cleaning, and sorting your data into one platform so you can use it to seek your customer's needs with killer AI-powered marketing campaigns. My friends over at Fullpath are breaking barriers and I'm really excited to have them as a partner on the podcast. I believe in their product and more importantly, in their mission to help deal or sprout. Fullpath can help you turn your data into dollars, find them at fullpath.com.
All views of car dealership guy and guests on this podcast are solely their opinions. None of the views expressed should be treated as financial advice. This podcast is for informational purposes only.
Chad Cunningham on the pod. Chad, welcome. I want to get started with, how did you get into wholesaling? What's your background? Lots of people are interested to know. You do this at a large scale nowadays. So tell us how you got started. I did grow up in the business a little bit. My dad had a used car a lot. He was like a buy here pay here. So we did a lot of cheap cars. And then it kind of turned into like a cheap cash lot. Like we'd keep five to $10,000 of course. He sold it when I went out to college. I always tell people basically so I wouldn't do it. I'm pretty sure. It was like, I'm going to remove this option. So there's no danger of him.
My parents didn't want me to get into car business. So why is that? Tell me more about that. You know what I mean? The car business is tough. Like it's a grind. I think in their mind it was kind of like, oh, you should go be an accountant or a, where that's going to be a pharmacist at one point, like something like that where it's like, you know, get out of this crazy car world. Like it's, you know, it's tough. It's hard. It's long hours. And but I love it. That's what I want to do. And that's what I was good at. So in the summers during college, I started working in a new car store and then I started full time afterwards and ended up. I was like a GM at a price or a GM God grant. I did it all to you know, I worked all the way through. I was like the ultimate like, hey, this job's open. Like I'll do that.
You know, it's like new car, use car manager, finance manager. I really did everything with service. I didn't like serve that. May I've worked a service line a couple days and I was like, this isn't for me. Like that's the one job I didn't do.
But GM overstore, I want to be GM over the biggest Toyota store in the area of B. And we're doing like 500 new Toyota's. And really it was when I started talking about having kids, you know, it was kind of like, okay, well, I was just going to work like I'm working six days a week and 12 hours a day. And I'm just going to auction randomly with my dad. Like he was still kind of working a little bit. And I ran into like the guy in town that ran the big wholesale company Steve Brewster. And he was asked what I was doing. And he's like, I just knew idea like you'd be perfect.
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Like if you want to do something else, if we should talk. So I ended up going in for an interview. I left my other job. I've never like interviewed for a job. I have a job. I ended up going back to the other guys. Like this is a working like, just not for me.
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I left and I called Steve a self interview. And the funny story I talked about, I went in like a suit and they're all wearing like hoodies and t-shirts and like shorts. And it's like, I was like, what is it? It's like, you know, I'm sitting there. But like they were pretty big wholesale company even then. Like an R and it's like, you know, Steve and the CFO. And it's like they're all just like, I mean, they literally look like they could have been playing basketball or something. And like I'm in like a full suit. And that's how much I knew about how the whole so world operated I guess. But no suits in the car business. Yeah, yeah, well, there was for me then, I retail back then.
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And it was like everybody was decked out. So, but right away, I just really liked it. You know, I was, I mean, fairly successful retail. Like I was running big stores. And it's like, you think you understand wholesale. And like within two weeks, it was like, whoa. Like this is like a whole world. Like I even know existed. And you know, one, I like really enjoyed just the way it worked and two, it's like, man, there is a way to like make a living in a car business that isn't retail. And I didn't really know that existed either. So I was kind of hooked immediately. And now I'm like a wholesale lifer, I guess.
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It's a different world, but I love it. Like it's, I know you were talking to Jake about it kind of like the car business is like the stock market. Like wholesale trade is like the ultimate car stock market. Like that's how I feel like it is. Like it's always changing. Like it's always a move. So it works for my brain a little bit. Let's dig into that because I'm super curious myself. I've been in retail my whole life. I never made it to the dark side like you. But I think it's one of those things where the grass is always greener.
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The wholesalers want the retail margins, but they don't want the retail headache. The retailers want the wholesale. I don't want to call it ease, but simplicity, you could say, at least it looks like it from the outside, but we don't want your margins. And so I think I want to understand, give us a detailed breakdown of just the wholesaling process. Like for people that are listening, what does that actually mean? And really from the moment you acquire a vehicle or even before that, give us like an overview of that process from pre-acquisition to sale of a vehicle.
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Sure. And like we're selling, so like the last two companies that I worked for, we're mainly selling at auction. So it's like that's how we're distributing them is like we're large auction sellers. So is there a reason for that? Like why auction? Afficiency, you know, it's like right now we're selling 1,500 to 1,500 dollars a week, which is really a day where selling them all on Wednesday. And like at an auction, we can do all that in four hours efficiently. You know, it's quick, it's efficient. Like if I was trying to hand sell 1,400 dollars to dealers, like it would be almost, I mean, I'm not saying it's impossible, but it's a totally different set up. The auction is just very efficient on the sell side.
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So to break down that process to us. So on the buy side, like you basically have like three tranches, like it's like you're buying from consumers, you're buying from dealers and you're buying at auctions. And then within the auctions, you've got all the different lanes and sellers and dealers and fleet and repos and everything else. So you're sourcing the cars on the front side and all three of those transactions are very different and like what time it takes and everything else. So you got to buy the car and then you got to pay for the car, you got to transport the car.
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So it's like you're going to buy it, you're going to do the paperwork, whatever's involved, you're going to pay for it. You either going to get a title then or they don't have a title. So you're waiting for the title or if you're making a pay off, you're paying off a lean order and following up on the title. So it's like on the front side, you got to pay for it, make sure you have a title coming and you got to transport it to the auction. Get the car checked and get it inspected. Get it marked for recon.
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Do whatever recon needs. Make sure it has pictures. Make sure it has good pictures. Check this in condition reports because it's like you have all these guys right in these different condition reports and like some of them go both ways. Like some moments like why they missed this tailgate torn off the truck. And sometimes it's like, why don't I have a 23 Ferrari with 100 miles? They marked as a full repaint. Like it can be anything on both sides. So make sure they're inspected. Make sure all that's good. Make sure your picture is good.
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Then you gotta like prep for the sale. Get the run list together and mark what you have titles for. Don't have titles for all that good stuff. Then you gotta sell them. And then all that gets sold on one day of week on a Wednesday, 1500 cars. Correct. Yeah, about four hours. So basically like we log in at 9.30 and it's gonna run to about 1.30, six lanes, four hours. And they pretty much all get sold. We sell 98% year round. So if we run 1,400, 1,500, we're gonna sell 1,450. We're gonna sell about all of them.
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How many cars do you expect to profit on? Lose like what's the ratios here? So at Varys, we tracked it harder at wholesale ink and we didn't sell as high a percentage. So as wholesale ink being the previous company you worked at, right? Previous company. We actually tracked that hard. Like that was like a metric we really watched. And we ran probably a higher percentage there of wins because our sales percentage was lower. It was a little different model. But like we would try to win 80% of the time. Sometimes a year we could win 85, 90, some buyers, 90 all the time, some buyers won 70 all the time. Like there's different buying philosophies among the buyers. But if we ran 80-ish, 75 to 80 was like a good number. We don't track it as giving the bin because we sell them differently. Like it's kind of our model is like selling them. So it's almost like we don't wanna see anything that like slows them down from selling them. But I would say the numbers are same. Like I ran mine. It's maybe a little lower 75%, you know, see the winning 75, 25. And what's considered winning, like making a dollar profit? Anything, yeah, a green number, like a hundred bucks. Like that's, I mean, just as far as like a profit, like a green number versus a red number. I mean, I don't really consider a hundred dollars winning. Like it was saying like that, but that's like a profit versus a not a- But that's a green number. Yes.
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What's the biggest win you've ever had at auction? Like profit wise. I mean, we've done a hundred a few times. I mean, that's rare. But like on some of the expensive cars, I mean, we've made a hundred 105 110. Just to be clear for anything, a hundred thousand dollars on one. A hundred thousand 105 110. What type of car would that have been? Like we had a Ford GT do really well last year, two years ago, Ferrari, a long wheelbase span on one time. Like we just really ran off from what we thought. Normally like exotic stuff. Where does your source those cars? They were pretty much all consumer vibes, I'd say. Like, as far as like biggest winners, I mean, there's good and bad with consumer cars. But most of the time like for a car to really run off that far, it's going to have to be like a totally unmarketed car previously. So it's normally like a one to two owner consumer car. Like nobody's ever seen before. So the first time we bring it to market. Yeah, that's wild.
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Now let's flip the table. I mean, what are some of the biggest losses you've taken? Oh, I've had some, I mean the same. I mean, well, I don't know if I ever lost a hundred on one bar, but I've lost 50 a couple times. Oh, man. Like I remember the one that like really sticks out is when the 18 GT2 RSS came out, the Porsche's, we were selling those and we were making like 30, 40, 50 a pop pretty frequently. Like we were really doing well. We were selling 250, 300 over. And then we kept two for retail when I was, we did some retail also going to. And like for my part, I was like, I don't know, let's not do this. Like this is risky. Like these cars could fall off. Like sure enough, like the market turned on quickly. And I think we lost 60 K on one, 75 K on one. And like, I mean, this was like a week. It wasn't like we had them like that long.
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So that happens, like especially the high line bars, like the swings even, like I tell people, one of the most interesting things if somehow you could show people is like, when we sell exotic something Wednesday, it's like a cardiac arrest on the profit line. It's just like, you know, I mean, they'll be like up by a downturn, up 15, down for like, when you sell them like that, like they just fly all over. And even like week to week month to month, they can be that way. Like they can really move when you're selling them that aggressively the way we are. Like the profits and go both ways really fast.
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How do you make money in this business consistently? Or like, how do you have any predictability? And especially, you know, we've had such a dynamic market to say the least, right? Yeah. 2021, we were rising. And I'm sure you made a boatload of money then because everything you held, along with your held it, the more money you made in theory. And then 22, we had more so declining market or more than usual. But the other way, yeah. Yeah, great.
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And so, and so given what you just said, like how do you manage through that on a consistent basis? That's what I want to know. Yeah, I mean, like the wholesale business is hard, like you talked about on the front. So I think a lot of people from the outside to look at wholesale are like, oh, you're the guys at the auction in the shorts and T shirts. Like, yeah, that looks easy. I want to do that.
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It is complicated, but it is also like a, it's like the sun, like for me on a sale day, like I look at it as a day, as a week, as a month, as a quarter, as a year, I'm very rarely in down to like car to car because there's always variance in the car to car.
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Like I don't really worry about like if I sell, you know, my team sells a couple hundred cars just Wednesday. If the profit number is really good, I'm not just drilling the crap out of a couple single cars. Because sometimes you can like figure out why something happened, but sometimes just like, oh, it wasn't the right day. Or, you know, the car, before it ran off. And so we, yeah, that second car kind of dipped, but it was like part of it might have been because of the car before it was just like, took off to the moon and sometimes it like takes everybody and minutes to like collect themselves.
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So it's hard to do it that way, even like month of month, like you know some of the stuff's gonna happen to car business, like you know some of the season out, you know what's supposed to happen, but also cars kind of like stock market. Like it doesn't always happen the way we think it's gonna happen. So it's like, you're just kind of riding it out.
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Like sometimes, like my philosophy I was always taught, like you buy all the time, if you buy all the time, you're fine. Like when you catch the market on the upside, like great you have cars, if you kind of always average in yourself and that's the way I look at it. It's like there's gonna be some wins and losses, but like if we do our job and like me and my team like do a good job buying, like the wins are gonna beat the losses because typically, the market does move up more than down.
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Like you've seen the man high and little chart, like it looks like this, not this. So like if you just kind of stay in it and know what you're doing, like it typically does move up. Like there is sometimes like 2022, like it's rare for the market to move straight down for a year, and yeah, like it wasn't as good as 2021, but like it was still good year. Yeah. I think there's still ways to make money when the market's technically coming down. So it's just gonna stay in it all the time. In that way, it's not different from retail either. It's like you really gotta be in business all the time.
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Like you're always buying and selling. Yeah, you gotta play the long game. Like one thing like we did good this year is, you know, coming into the end of the year, like the market had fallen the whole year, but coming into the end of 2022. And I feel like it was like a pretty negative vibe overall. And there was a lot of people that were like, oh, it's just gonna keep falling through the floor. Like we were kind of the opposite. It's like, okay, what's falling from a same sort of way up here? Like this has never happened in Manhattan, reported history.
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I think we need to put an emphasis here on something though. I don't think people realize how, I can't believe I'm about to say this, but I don't think people realize just how much vibes impact sales at vehicle auctions. Do you agree with that? Yeah. It's huge. Yeah. The auctions are so momentum based. Like it's wild. Like, oh my goodness.
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It's just like people, it's a market where people watch other people. It's very emotional. So it's so much driven based on, well, it's the big players too. It's like car max. Like when people start seeing car max banging away, it's like automatically some of the other big guys are like, hey, a car max is buying, like it's time to buy. And then all the nations buying. And then the son of guys are like, seeing these alternations, you know, and then the guy down the street's buying. Like it is a fall to leader mentality.
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And like that's what happened. It's like the car, one of the inventory was shorter than people expected. Like I don't think people just thought about that use car shortage enough. But it's like all of a sudden there's no cars. And all of a sudden people are buying. And I think it's coming into spring and the dealers were like, oh crap. Like we gotta get in on it. And it was like wildfire. It was like boom. like biggest man high increased month out of nowhere. Like it was literally out of nowhere as far as a lot of people were concerned. But we were like a little early. Like we felt it. Like it felt like it was coming. So we were really aggressive. It had a great start of the year. So that worked out good.
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Yeah, look, I think that it's just understated how much emotions do impact pricing in the car business. And to your point, why we think that, you know, everything's become algorithmic and Carvana has their computers buying cars and what not the reality is that there are still humans controlling much of this behind the scenes. In many cases, they're on the front lines and you're right that it does really impact buying decisions. And I think a good buyer is a disciplined buyer, at least from my experience of retail, having bought lots of cars in the past. It was always about being disciplined, knowing when to stop and not to chase that bid to the point where you're making a mistake.
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I do want to go back to one question specifically. Go back to the economics of the wholesale. So how much profit are you expecting to make on average on a car today when you wholesale a car? So like normal cars, and I say like normal cars to me is like anything under 80 grand. You know, like it can be a $20,000 to coma, $2,000 to an $80,000 or a tile. And those still vary a little bit because it is kind of, you expect to make a little more margin on the more expensive cars, but also not always. Like we will buy an $80,000 to ho to make 500, just like we will have $8,000 to coma. But that's, I mean, you want to make, I mean, a thousand number, a thousand is a great number. You know, like it can be a little better than that. Sometimes I think it is, in a way, like wholesale margins are both more and less than people think.
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I mean, that was like straight up, like one of the main reasons, like the thing that like drew people into like when we sold wholesale ink, but I could still remember sitting in the meeting is like, they can see our numbers, but they also had the man-hine arbitrage numbers that like we didn't really have any part of. And they're like, wait, you're advancing these cars $2,000? Like just auction to auction. Like with, you know, with like, what does that mean? Most people don't think that's possible. Like if we were paying an average of $22,000 for a part, one man-hine auction, we were selling it the other auction for 24,000. How? Just being, you know, knowing the arbitrage, knowing what we could buy and sell. Like some of it's regionally, some of it's just seller, some of it, it's like it's just knowing that market, like it's knowing what you can buy here and then move it to here and sell it.
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So a function, would you say it's like a function of just regional arbitrage and then your brand being a consistent, you know, loyal seller on a week basis? It's a little bit of both. Like it's like you're, you're knowing what to buy. So it's like in my mind, it's always like, we're trying to get them cheap. Yeah. Cheaper's not even really the right word. It's just knowing the right stuff to buy in certain markets and from certain sellers. And then it's basically bringing them and selling them. Like, and we're getting like a little premium. But it's really not the sales side. Like to me, it's like GMTV doesn't make money now because we sell them more than anybody else. Now a lot of people tell you we sell them cheaper than anybody else because we sell them so aggressively. It's just doing a good job on the sourcing buy side. That to me is like the trick in the wholesale. It's like you've got to be a really good buyer, source or at bars.
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And it's in retail, it is like that. Like it's the profits made on the bottom. Like if you buy the car right, your job's essentially done. And if you buy it wrong, you're also kind of essentially straight right away. It's like you know right away.
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And how many days do you keep a car in hand? Give me the van. It's not long 10, 14, probably the average. We're selling most of them within like 10 days. We're moving them very quickly. 10 to 14 days.
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Holes to a week, we kept them a little longer, but still not that long. Like our average day would be like 20-ish, just because we'd have a retail component. So like our retail was mixed in there. It was a smaller component. And we did not sell as high as a percentage. So it's like more of those cars we're getting carried to like as a no sell. But like right now it's 10 to 14 days. I mean there's some old ones in there. There's ours and recon. cars.
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And these like the bottom line is your average margin on the car is like 1%. Yeah, the percentage, it's not great. Like that was always kind of same thing. Like one of the things like when Rumble on Baldness, like it was like they were so big on like the margin number. It's like they're wanting to run these like, 8 to 10% margins on wholesale. And it's like, I mean we can't do that. Like I can't make $3,000 every time on a $30,000 car. Like it's just not always going to be that way.
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So I think the magic question is how do you negotiate those manheim fees, those auction fees? You don't have to answer that one if you don't want to. I mean the thing with manheim and auction, it's like I tell people it's like, I don't think it's that hard to figure out. It's like you just do a lot of business. And then like it's like anything else. Like whoever, like to me, it's like you think of manheim like a vendor. Like any vendor you have, like marketer or whatever, like you're basically trying to, you know, do more business with them and like negotiate whatever deal you can. Manheim's the same way.
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Like the more business you do, the more you might be able to negotiate a little bit. I will say, I don't think things are ever the way they think people that like manheim is still pretty similar. Like even as like, like we're the number one manheim seller. And everyone thinks like, we just don't get short. One second, what do you mean by that? What the number one manheim seller? You're the number one manheim seller in the world. Yeah, yeah whole set up single location. Yeah. Wow. It can be like nationwide. Yeah, nobody else is some 1500 cars a week. Like that's what's Hollins head selling? He sells like four or five hundred a week. Wow. That's impressive. I know your number one. Yeah, we moved up there. I guess three, three years ago, two, three years ago. Wow. So, I mean Hollins head was forever.
就像做的生意越多,你可能就可以更好地谈判一点。我要说,我认为情况从来没有像人们认为的那样,人们认为曼海姆还是十分相似的。就连像我们这样的曼海姆头号卖家,每个人都认为我们只是不会赔本。等一下,你说什么? "曼海姆头号卖家" 是什么意思?你是世界上最大的曼海姆销售商。是的,一个地方就搞定了。哇,这可以在全国范围内实现。是的,没有其他人会卖一周1500辆车。这就是 Hollins head 卖的东西吗?他每周只卖四五百辆。哇,那真让人印象深刻。我知道你是头号。是的,我们在三年前或两年前升上去的。哇,那么 Hollins head 就永远是第二了。
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Like that's who I grew up watching. Like that was, like I was hooked on wholesale. But I will say like that was like a huge hook. And like Bosnian super helpful for me. Like why do you spend so much time answering my questions on the phone? I don't know. We got a blessing like he was super helpful. But like going up there when they were running like six, seven, eight hundred cars and like watching them hammer every car and sell those high dollar cars. Like that was like a huge motivation for me. Like that was my big like my whole platform. And also ain't was like let's be Hollins head. Like that was like the one goal. Is that I want to be Hollins head? They've been number one for 20 years.
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Like somebody's got to beat them. Like we can do it. Yeah. And for the audience listening, right? Like Hollins head is a guy named Bobby Hollins head. One of the largest auto wholesalers in the world used to be the largest based on what you just said. So that's a super impressive and congrats on that. I want to talk more about when you spoke about specific cars in this business. I'm super interested.
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So are there any specific cars you focus on? Are any specific types of acquisition channels? For example, do you like to chase sourcing from consumers more than, you know, other places? Because it's more profitable. Are there specific segments of cars that are typically you can make more money on them? How do you think through that? Or do you just acquire anything that comes to you? You put a number on it no matter what car it is.
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Yeah, I mean we will number anything. So it's like same thing. Like we'll take any car. I mean there's definitely an R-Mine like better or worse cars to buy. But we'll still number them all. Like it's just what you're going to be more aggressive on.
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As far as sourcing the cars, there's good and bad every situation. Like consumer cars are great in a way. But they also are the most time, you know, they take more time. They take more effort. Just dealing with direct consumers can be a pair. Just like, it's like reverse retail.
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I mean that's one thing. Like I'm sure like a lot of retailers would be like, hey, some customers are great. Some of them like make us want to jump off the building. And when you're buying cars from consumers, it's the same thing. Like a bunch of them are awesome. And some of them it's like, oh my gosh, like we did everything we were supposed to do.
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Like we got everything set up. And now like we're trying to get this car picked up. And like the guy's just being terrible to the transport or whatever the car somewhere. Like there's always problems. And of course you got a ton of capital because you got to make all the payoffs and everything.
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I mean consumer buying is like insanely capital intensive because of the payoffs. Unless you're just like not going to do payoffs. That's one thing like in the dealership world, like a lot of people are like, we should just buy more consumer cars. It's like, yeah, have fun with that. Like it's pretty tough. Like it can be easy with like your local customers, but like getting past that. It can be pretty complicated.
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I love dealer cars. To me, like buying dealer cars is like my retail fix. It's like I get to talk to all the retail stores. I'm involved in deals. Like it's like it's kind of like getting to go sit in the tower for a day and like get my fix of like retail life. A lot of stores sell us cars buy from us on Wednesday. So it's like this constant kind of cycle. So I mean dealer cars are great too.
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The auction cars I haven't done in a while. We do have guys that buy from auction. Like I just haven't done it in a while. The auction thing is just like a rare grind of like, you know, I'm going to show up at Man IPA today. They're going to have 10,000 cars. I'm going to bid on 400 of them and hope I get 15 or 20 or whatever the number is.
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Like it's it's a huge to me. It was always just like a volume game of like, I'm going to bid on as many cars as possible. And I'm just trying to catch the ones that like fall through the final. How do you praise cars that you buy?
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How do you do that? So we use AccuTradE like it's just like a tool like be all or whatever. So it's like we're looking at AccuTradE like, you know, look at CarFacts all check. I look at Man IPA. I look at used to be an ADA. Now it's shady power. I check retail costs a lot more than I used to. It used to be like I grew up. It was just booked by I was taught by by the buck. Like we use black book. Look at black book. MMR doesn't matter. Retail doesn't matter. Whatever like just look at black book. That's it.
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But I do think it's got harder like over time. Like try to look at everything like it's like pin on the car to an ADA or to MMR. It's going to check retail listings. I do a bunch of classic stuff too. So then it's like you got to check BAT or like, you know, the bring a trailer. Yeah. Yeah. I've got like a little auction. What is it called a camera price where it's like you can look through like all the like like other like other bees and like bear jacks or whatever. So there's a lot more look at it. You got to look at a lot of stuff.
我认为随着时间的推移,这项工作变得更加困难了。要查看像ADA或MMR这样的汽车销售清单时,需要查看所有的信息。我还做了很多经典车的工作,所以还需要检查BAT或如bring a trailer这样的网站。我还使用一个叫做camera price的拍卖网站,可以查看其他的拍卖项目。所以需要查看很多东西。
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Would you say this business is or at least evaluation that praisle part is not extremely process driven. And you know, experience does really matter. Or would you say that's not really true. It is process driven experience adds a touch.
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Like how do you think through that because you're one of one in a sense. You're the largest wholesale or in the world. But scaling this thing and thinking about how to you know systematize it. That's what the brain always thinks about these things. It just seems like a very tough task given the fact that someone is spending big dollars on every single I purchase acquisition.
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And it just doesn't seem like there is you know, there's one kind of one stop method to for valuing car from a wholesale perspective. It's both it is hard. I think that's one thing. at least like everybody's kind of learned that like it just hasn't worked out yet. It's just you can't you can't buy cars from a machine only. Everybody's tried it. It just doesn't work like it's just too much nuance in a car.
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Like trying to teach a machine the difference in cars is just really hard. But you do need the machines to do volume. So it's like the combination of the tech and the pricing tools and everything else. But you need to follow it up with humans.
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Like carmax is a great example of this. Like to me like carmax is like the ultimate car buyers. They're big retail buyers. They're big wholesale buyers. But it's still based on humans. Like it's they're taking a bunch of technology and they're basically putting a human behind it. And to me that's kind of how it works. And like that's what we do it.
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Give me the bin and like what I do person with my team. It's like you know we have the leads generation. We have the websites. We have the pricing tools. We're giving numbers on the spot a lot of times. But there's always humans behind it. Following up on it. Like making sure the numbers are correct. And kind of negotiating out the differences or whatever.
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So it is it's tough to scale because you do have to do both. And it's like you're going to need good technology and you're going to need like good pricing tools. But you're also going to need like a lot of like real buyers. Because up to this point I mean short of like. I really taken off or something. No computers have been able to buy cars. Possibly like everybody that tries that. Pretty much fails miserably.
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It's kind of like the zillo home buying thing. It's just like it's just losses. So how do you explain Carvana then? I mean we can you know we could dispute their margins and whatnot. But they obviously have a very big chunk of their purchases made by computers.
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How do you explain that? They're doing the same thing though. Like they have a buying room full of a ton of buyers. And they're doing the same thing. And I would say just from dealing with people from Carvana. I don't know. I mean I don't work there. So not like getting in their business. But like from an outsider's perspective. They put more human touch on that over time.
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Not less because when they just turn the machines loose full speed. They did lose a lot of money. So it's like over time they have had to put like more human touch on it. And that's probably like the one place like they have room to go. They could really help them is like to me like they get a lot for a part.
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And they you know they do a lot of things really good. Like they actually do get a lot for a part. They get a lot of the financing like they get a lot of product. They're pretty good on the sell side. If they could like get the acquisitions like a little more owned in like they could actually probably do pretty well. But it's like they just go so far in each direction.
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Like it's like when they're in COVID like they just crank it all the way up. And then all of a sudden you know the market turns they have too many cars and everything else. And then it's like they pull back too far. And then you know it is but it's hard. It's very hard like I do get that like what they're trying to do to me like in my lifetime.
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Like the two craziest things I've seen are like Tesla and Carvana. Like what they're trying to do. Like if you would have set us down and been like 10 years or 15 years ago. I'm like hey this new electric company is going to start out of the grand like from no where. Now there are going to be Ford. I'm beginning and they're going to get to where Tesla is now. I've been like not it's not going to happen.
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They like the same thing with Carvana. If you've been like hey there's going to be this online company. They're going to start from absolutely nothing and in five years we're going to sell 500,000. Well yeah I mean I know they got the you know they got the drive time thing. But you know what I mean like what they've done is wild.
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But they've the sourcing thing I think they. There is more humans involved. And I think maybe someone realized I do think they've realized they have to do that. Because if they just turn their machines on full speed. They will go even more broke than they have been before.
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Well speaking of Tesla and Carvana and just consumers in general. I'm really curious to know you've bought and sold just tens of thousands of cars. What cars would you tell consumers to stay away from or are there specific cars that you just always lose money on. And it's not necessarily because of the value. But it's just because the cars you know a piece of shit like what comes to mind when I say that.
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I mean I do generally think like cars are pretty decent over all these days. I think the build quality today on the average car versus 20 years ago is not even close. Like when I first started buying cars I mean there was a lot of cars that were total trash. And now like most cars are pretty good like they're really decent. Like you're basically just trying to dodge the depreciation holes.
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And like right now high dollar BMW 7 series is always like the first car that like pops in my mind. Because it's like first year 7 series has always been an depreciation monster. Like it's just like it's 120,000 MSRP and right off the bat is worth 80. Right now the worst ones are just all these high dollar EVs. I mean that's the one right now but like really?
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I tell people it's like man you buy one of these high dollar EVs like you better like it. Like you better want to own it because if you go to sell it pretty quick like those depreciation numbers are like nothing I've honestly seen. Like we're selling these 23 Mercedes EQS's like 23s. It's ticker for like 120 130 and MMR is like 65 70. Like they're literally selling for half all. Yeah just to explain that so you're saying pretty much the manufacturer price is like 130 and the current auction market price that you're actually getting for that car is like half of what the car sells for brand new. And it's a 2023. Wow. Correct. It may be like I mean maybe it's like a little higher on some of them but I mean you're talking like 30 to 40% depreciation and like the new all those some of those all the e-trons are the same way.
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It's like you look up and it's like you know we'll be running a 22 23 and we're trying to get 65 70 K and like I'll pull a sticker when it's on the block and it's like 135 and it's like oh my gosh. Wow. Those cars are just it just doesn't seem like there's demand yet and they're building a bunch of them like there's a few on the ground so. Those have been pretty scary short time and I generally pro Tesla like I'm an Elon Tesla guy and they've been good pieces like I've done really good with Tesla's over the years.
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They did get really scary when they you know like jacked MSR piece way up and they backed them way off. I mean there was some wild Tesla numbers coming to me for me like kind of same thing tell me about that like tell me about I'm really curious did you have any testless on hand when that happened. Oh yeah yeah we had so we were rolling along with the Tesla's like we we've done we do well with Tesla's like I buy a lot of them like give me the bend by is a lot of them. So 50 to 100 Tesla's a week and when that whole thing happened you know it takes us to even like it's quick as we move them like there's there's two weeks two three weeks term so.
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We probably had 300 of them balled up when they did one those big price cuts and I mean we that was one of the worst loss couple weeks we had like on a segment like just it just I mean there was probably. We sold 100 Tesla's and I bet we lost on 98 oh wow like it was just like a straight beat down. But that was just so impressive and I mean they were ripping those prices down like 10 15 20% but then like when they ripped those numbers down. We were getting people you know they have a 22 model as planned of one 68 window the use a sticker for 100 like and now all the sudden it's worth 90.
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You know like they've ripped the price way down like everybody was scared of death of them. That was pretty wild like that was some of the stuff with like the EV's have been like. I've never seen this before like this is really wild stuff so yeah it was definitely a wild swing and I think it's going to be interesting to see if car manufacturers take more control and try to introduce more of this direct consumer stuff with with specifically with EV's I think that's at least the idea that you know what it's going to be like for changing MSRP's how it's going to impact the use car market. Just seems like it adds another layer of risk and opportunity for dealers wholesalers and for car prices in general.
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I think on that note from your perspective why do the trade and offers vary so much by you know from wholesalers right like is it seems like you're the largest wholesaler in the world. I want to believe that you have some of the best appraising technology and processes obviously you mentioned use AccuTrad as one of your tools but why do offers and prices vary so much does that all come down to emotion at the end of the day would you say.
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I mean there's not to like not answer I mean there's just a lot of reasons for it and I think it just goes to show like how varied the how varied the use car market really is like I think people want to feel like. You know a lot of guys like it's like I know what this car's worth like it's like no you know what it's worth to you I get that like I'm very I know what it's worth to me to but I'm also very always been very cognizant of like I don't even know what this part work like what it's worth is what y'all know all paid.
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But what the car might be worth yeah we might be right like they may roll a 22 to come in front of me and you and we may say hey that car is worth I may say 38 you may say 38 5 we may be right but somebody else may pay 41 5 or somebody else may hit it at 35 5 and think we've absolutely lost our mind.
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And you seem to mean the fights over use car values like blow my mind like we could start one today like you could start it today and you could say hey what is this car work. I want all the dealers to weigh in and you could type in all the info and I guarantee you in the comments there will be dudes won't emerge each other over the arguments about what these cars are.
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I think the play here and of course you know I do agree that from the dealer perspective I agree that yeah like different types of dealers like if you're a you know a Honda dealer and there's a good Honda being traded yeah you may want to hold on to that because you have that market of consumers coming to you anyways.
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But I think the play here as far as consumers are concerned like you said is you know you have a car well yeah it makes sense to try to sell it to that specific brands franchise dealer because you're right they may need that car and from a from a geographical perspective right.
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Are you seeing that different regions in the country just fetch better dollars for vehicles period or does it just happen to be like hey in the South of course you're going to get more for trucks and the northeast you're going to get better for all we'll drive.
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Is it like the standard stuff like that or are there specific pockets where you just say hey like Florida market right now I'm just getting more money from my car so I'm just going to send more cars there.
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Yeah I mean it's both so some of it is pockets of inventory you know just like yeah four will drive trucks do better of nor two will drive do better down South got it that makes sense you know same for SUVs like two will drives and Texas is great two will drives in Minnesota not so great. But there's like more to it it's like the areas where they lease a lot and they typically right now there's not least returns but like one of the examples is like.
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An area that leases a lot and gets a lot of lease returns. Part trade in similar those lease returns don't get valued very high because the stores already have those coming in the supply but if you if you go to an area where they don't lease those cars are very valuable and so it's like if you're trying to trade your 21 C class to a store in New Jersey and they've got a hundred lease returns coming in every month.
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They don't give a food about that car because they've got a gazillion of them coming in but if you take it to the guy in Oklahoma. Who maybe doesn't have any and he does great with C class like it may be more valuable to him so there's stuff like that it can be a lot of things like it can really. Very but a lot of it is just what cars are available in certain markets versus not like like domestic and Detroit there's always going to be a gazillion domestic and Detroit and sometimes they're still really strong.
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But sometimes that market gets a little overfield and they can get a little salt because there's just too many up there where there may be a huge void in Florida or somewhere like that where they can't get them toys have always been kind of regional because it's like. Toyota versus southeast Toyota versus Gulf states versus who's getting the cars where like to it is so so inventory driven like you can have like some pretty wide variations so.
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Well there you have it folks 1% margins trade in your car to states that don't do lots of leases the car businesses driven by vibes and we're all just winging it I gotta tell you. That's it that's it vibes baby this has been a this has been a hell of an episode but we're not done yet I do have other questions here so as I thought about this episode I was thinking through how do you maintain an edge like this takes cut throat the whole new level when I think about the wholesale business and I was thinking about what people here may not know.
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At least audience you know my audience may not know is that you have co founded a Facebook group and the Facebook group is called wholesale car club so shout out wholesale car club and I've been fascinated by this group because you have built a essentially a marketplace a two side and marketplace on Facebook in a group you have over like. a hundred thousand members and pretty much it's almost like a proprietary lead lead funnel for you at this point so just.
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Tell us a little bit about like this group like how did you start this group what's the purpose of the group traffic i'm super super curious to hear it from your perspective really the you know why this group got started how it's helped you get an edge in this very competitive vehicle acquisition market so the way it started.
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I actually just wanted to buy a watch like I like cars watches and shoes like that's I guess my thing like it's pretty much like yeah I don't know you know but like I wanted to buy watch I wanted to try to get halfway educated about I mean I didn't know much about watches whatever so it's like you search I don't know how the world somehow stumbled upon this watch group on Facebook and it's basically was just a watch group and it was. Dealers and consumers together and.
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One I learned a lot about watches I didn't try to learn it was I'm trying to flip them anything was just like okay well here's what I want to buy and here's like more or less what they're worth and kind of. Kind of like you could learn pretty fast but the most fascinating thing to me is like there's always dealers interacting with these consumers face to face and like it really benefited both sides like the consumers were getting a lot out of it the dealers were getting a lot out of it there was really more being shared than I would have expected and like there's always like a little brushback with that like you know the deal like I get some heat about that kind of like basically like you're letting.
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These secrets out and I'm always like there's not any secrets like this is always how it's been like it's out there like it's kind of we're not being transparent isn't giving away secrets like it's just that's just part of the business so. But it was cool like and I ended up buying a watch from the Dean random watch group I want a lot of watch from the Dean read it up who's the Dean he's the other co founded the groups and he runs all the motor groups he's got a bunch of these Facebook groups.
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And I was like hey like we can do this for cars like this would work like people with love this like dealers can get something out of it like consumers can get something out of it like I'll help put it together like basically like you know Facebook I'm not very tech savvy or social media savvy but like you know Facebook I know the car business like we can do this it'll work. And he was like cool let's do it and honestly for me it was just like this is kind of like a give back thing like I can do this like it's going to help dealers it's going to help consumers.
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I didn't really know where it would go from that point like I really didn't I can honestly say like it wasn't like I was like brainstorming some way to create a lot more business it was just like this makes sense this will benefit everybody and if. My general was like I help other people normally it comes back like it works out so it's like if I have these other dealers and they'll sell me some cars whatever like great.
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So we said it up it's always been a private group I think now there's like 140,000 people in there. I can honestly say it would be like five six hundred thousand people I'm sure it was like a public open group and but we've always kept it like pretty tight because of the trans abt natural nature like there is a bunch of cars traded in there so it's like we kind of want to know who's who it's like pretty heavily modded and we try to you know do a lot of reference checks and.
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Do you make any money from the group or really the way you're making money from this is from buying and selling cars through the group yeah I make money from buying selling cars like I purposely have not taken money from the group just because.
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I've always said like that's not that's not why did it and it's not my thing like I make money by car so like if you want to help me. In response to the group like great so some cars and like we'll do that and then like one of the ways like we really help a lot of people in the group that I think is a good knowledge for consumers or even for dealers it works out for everybody is.
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People trade their cars like we're talking about earlier you go trade your car to dealer and you feel like you're not getting a fair offer like you can send it to us will number it and will buy the car direct from your dealer. In your dealer gets to flesh out of car if you didn't give you a good number you probably doesn't want. So it's like he's either sound into me or sound it some other wholesaler but we number. the car we get the car we're happy you get your new car you're happy the store gets their new car deal they're happy. Like it's like everybody wins situation so.
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That's how I make money in the group is just like buying the cars and like helping dealers but deals together meets a new dealer is like that's great. We do like we just started taking any money from the group like in the past like six eight months and honestly it's mainly just to pay the mods because we dig it to the point like. I mean in the group now there's like 140,000 people it's very active like there's usually a hundred twenty thousand active members which means like they're pretty much in there every day. We have a couple hundred posts and in the comments are like thousands it's like it's it's a lot to keep track of like to keep it civil so.
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Has anyone offered to buy the group for me? Oh yeah like all the time like it's a pretty common topic like we're I mean anything's for sale like I'm a car guy. Like we would sell it but it's like I'm not selling it for like we self like a real offer but it's like you know Chad what's your vision for this Facebook group wholesale car club? What's your vision for it or do you have a vision or is it just like let it coast let it bring some leads and let me buy some cars.
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Yeah I mean I like where it's kind of headed like where it goes in the next iteration like I'm not sure like I like that it's got to where it is now. They're basically like dealers benefit a lot from it consumers benefit a lot from it but I do think it works on both sides like it works for the dealers who get to sell the cars and get the customers. And just like some of the dealers you've had on like I mean some of those dealers are super involved in there like some of these are high level guys. I mean these are like owners, GMs like guys you normally really can't have access to and they're like right there in the middle of it you know like answering questions like pitching cars like working deals.
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I mean in some dealers brokers whatever like they've made a living out of selling cars in that group which is awesome. Consumers get a lot of info they can sell their cars easily they can buy cars easily there's just a good feel of like what the real market is like you kind of get a it's very easy to figure out like this is what this new car selling for like this is what the you because you literally see it like see the offers. I think you see like to me that's become like a huge market tool is like just going through the group day to day it's like all right well I know what these are bringing I know what these are bringing I know what new cars are available I know what's not like.
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So it's like just growing it that way is cool and then I don't know like I don't know where to eventually land if it lands on like. We've always been hesitant to take it off of Facebook because there is some ingrained advantages of Facebook and that you're seeing all the real people and like we don't allow new profiles like there's there's not a lot of ways to as many ways to trick it where when you take it off of that like it's kind of it's almost like adds a level of protection like we'd have to figure out but.
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I think I think you're smart I think you're smart for keeping it on Facebook especially the fact that you're monetizing through actual car sales because you know it's it's tough to get consumers a cost of anyone to a whole new platform I thought a lot about this but I you know I think that keeping it in their plus Facebook's free so you know that's another thing you can you know to think through and it just it keeps things you know it keeps them in the ecosystem and it's something that people do check at least Facebook users check back you know on a very regular basis so.
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I do think that's a smart decision you made. Yeah and it's a it's there's pros and cons to like there's definitely some stuff it's like like we run auctions in there and it's like pretty pretty manual but it like does word like sometimes it's like oh it'd be nice to have like run the auction but like I said there's there's such an advantage of like.
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In a way it is hard to trick Facebook if you're a real person or not because it's like you can go see the guys profile go back years and years and you know like it's like I said we don't let the new people in there it's like if you go to my Facebook profile you can learn probably more than I want to about myself but it's like you will realize I'm a real person and like this is what I've done for a long time sort of things. so.
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There's going back to you for now like we just kind of keep growing it a little bit and kind of you know let me take off because it has been really successful and like it's just created so much business for everybody like it's weird like that order line probably what I've become known for as much as anything it's like.
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Hey you run the whole so far club or whatever and it's like I should cars in there I do this or I do that like we laugh all the time and I wipe it's the biggest kick out of like traveling and it's like we're going into like all A people or pie you know it's like almost every trip we go on now some guys like. I'm in the trap like it's a you know it's the basic park club guy and it's like you know I'm in the park so it's that's so funny it really has like taken off and like a weird way I mean you know the do me your your thing is like become a lot bigger than that and it's like.
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You know it's not you don't really that's I mean my list of goals when I started that was not to be that I'm not that dude so it's like that part of it's kind of weird but the helping out people and like feeling like that part of it is great because that was in.
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That's been good so no I mean you guys have been very successful I think for me it's been I never imagined that CDG would be as the you know as large as the brands it is today at least you know online you could say there's something there's something fun I find fun is even the right word about being anonymous because you're right like I do have you know hundreds of thousands of followers and I don't know if I want that you know for someone to see me.
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Yeah you know maybe it's cool the first couple times but I think you know also coming out with this podcast I didn't really care like I was I was anticipating a big flood of you know text messages and DMs oh it's you I was like yeah it's me so like the people that know me know you yeah I'm cool with that but yeah it's we'll get to the point where I do like a full reveal and I yeah it'll be it'll be a fun day but for now it's I think we know we're all with the punches and we're having a good time doing it so yeah I think you're smart with the anonymous as long as you can at this point everyone in the industry that needs to know who I am knows who I am I'll tell you that.
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Yeah it's hard once you start doing the podcast and stuff and it takes you to which I'm cool with and the funny thing is I there was a Twitter spaces like a live podcast with Jim Farley CEO Ford and Elon Musk and so I I clicked to join it and then Elon you know brought me up as a speaker I requested it and it was really funny because I guess Jim Farley thought I was a guy named Mike I forget the guys last name Mike something and he's like oh Mike is that you and I'm like and they're going back and forth and Mike and and Jim Farley's to Elon is like hey Elon is that Mike and Elon's like I don't know is that Mike and they all everyone starts laughing and I'm like hey guys I was like I'm just casually having a conversation with Elon Musk and Jim Farley and I'm like hey guys I'm not Mike but I have but I have Mike and yeah so funny little story from other day I'm definitely not Mike for everyone listening It's been interesting I've been asked a box like because I'll reference some of your posts or whatnot like some of it's like online some of it's offline it's like do you know who that is and I'm like yeah I do actually like you know we I'm like I've become I'm a good secret keeper who calls I found out pretty early and I didn't smoke it anywhere so I appreciate it.
Paragraph 1: But it is like interesting because I've had a ton of people like that they're like oh it's so and so and I'm like no it's not and they're like how do you know I'm like because I know who it is it's not him like you know people saying it was like you were like some like one of them was like you were a Hinder a guy that I knew like I'm like I know for a fact it's not him because one I know who CDG is it to I know the other guy it's not him so but yeah it's been fun because like a lot that Twitter Account like blew up so much that there's been like a lot of like
Paragraph 2: I'm sure and it's funny because I do understand it's. like so many people in their mind like it's like they think they just almost put a name with it like oh it's this person and they've been convinced probably Jim Farley like he thought you were Mike this whole time and that's how he reads it to us like it's like you're you're right so Mike is shout out Mike.
Paragraph 3: Well dude this has been awesome. There's learned a lot lots of really interesting stories and I got to say like you're your level of knowledge and tap them that whole so business is pretty pretty fascinating so I think people will love it in terms of where people can learn more about you about you know someone can sell your car you know plug it in tell us everything we need to know.
Paragraph 4: Yeah appreciate so yeah if you're selling a car wholesale chat dot com or wholesale chat at gmail dot com I've had the wholesale chat thing for a while now so that's you just wait for me that is very meme worthy I don't know how in two year old the chat meme you know that meme with the guy with the wave the arms and the blind hair right now you could make a you could make a hell of a meme out of that so yeah I need to get with you and you can help me out with that so yeah wholesale chat dot com or wholesale chat at gmail dot com now I've got a whole blind team that helps me with that so it's like you know there's plenty of people working in
Paragraph 5: I mean we we run like a quick style in the wholesale car club or we'll get like sometimes a thousand appraisals and like an hour basically so like we can handle a lot of appraisals store sell to us consumer sell to us we'll buy either we will buy anything so that part's easy other than I'm on Instagram wholesale chat on Facebook under my real name check coming in so if you want to follow me on social I have an on Twitter mind so it was always such a different platform like I'm Twitter for me is like my morning paper yeah like it's like I get up and I like read just to kind of see what's going on but I've never been active so like you five million there's probably like a Twitch one house of college or something but you know it's yeah that's that's the best way to find me is I am active on social I'm one of the more easy probably transparent guys on there as far as that goes so
Paragraph 6: I mean also far though we're going to join the Facebook group we're in there CDGs in there so there's a there's a lot of good car guys in there that share a ton of knowledge and it's kind of you know it's like a lesser version of your Twitter account I guess it's like a lot of the same stuff you know like if you want to really see get like some real info and like some real knowledge of kind of what goes on the business and like watch far people interact with non-car people which to me is like where you really learn stuff like you learn stuff to see the real interactions and that's what's crazy about today's time like not so young people coming up all the time it's like you have so much more exposure to like talk and see these people now like where I was coming up it would have been like call them on the phone I mean I even know you got there you know it's like getting the yellow pages and try to call them so that part's really cool or we now today like we can chat we can have these combos we can close them for people and it's cool like I'm it's it's a really cool thing you're doing like I'm glad people are getting to see and hear
Paragraph 1: Hey guys what is up that is best I've been super excited for this episode we've got Chad Nugent with us which is the founder of go wholesale and we're gonna be talking everything cars so Chad how are you man
Paragraph 3: Yeah absolutely and I just love cars and I think cars are so interesting because there are so many different parts to it not just the machinery but also the business side and I think you are doing some really interesting things in the business side of it and you're making it more transparent so tell me a little bit more about go wholesale and what you're trying to do there
Paragraph 4: Yeah that's great I mean go wholesale when we launched we launched in January of this year and the idea was really just to bring transparency into selling cars wholesale and that's kind of the sweet spot of the business where dealerships are buying cars to sell on their lot and really before this it was kind of the Wild West like you didn't really know what your car was worth you didn't really know who to sell it to and so we wanted to bring that transparency to the market and really just create a more efficient marketplace and so we launched in January it's been amazing so far we've had a ton of dealerships sign up with us a ton of independent sellers as well and it's just been really exciting to see
Paragraph 5: Yeah that's amazing and I mean transparency is I think what everyone wants in all aspects of every business right and I think the car business is notorious for not being transparent so how has the response been from the dealerships from the customers like how are they responding to this new level of transparency
Paragraph 6: Yeah I mean it's been overwhelming I think you know the dealerships are really enjoying it because they're they're finding new buyers that they haven't been able to connect with before they're also really enjoying the tools that we've put in place to show them what's going on in the market because I think before you know they didn't really have any insight into what their car was worth and so we're providing them with a lot of data a lot of analytics and we're also just really making it easy for them to connect with buyers so they're really enjoying it and then on the independent side I mean it's it's really a game changer because before it was so hard to figure out who to sell your car to and now we're providing a platform where they can go in they can put their car up for sale and they know that they're getting connected with serious buyers so it's just been really exciting everybody's been really positive about it
Paragraph 7: I think the transparency is good for the car business I love the car business I think sometimes it gets a bad name for trying to be like the little old school and like I think the new school transparency is good for everybody long term and if you just kind of embrace that part there's plenty of business to go around there's plenty of cars to go around like we can nobody's trying to like hurt anybody like it's just making that mean by the car should be fine like selling your car wholesale should be fun like it shouldn't be I mean I've helped friends buy cars before and I just think oh my gosh like this should not be that hard like and that's all like we're trying to do to like I like to make it easy I like to make it fun most people with the deal that's kind of my thing is like it's really easy and kind of so it's that's cool that's you know we'll see where it goes from here we'll do this was great thanks so much for coming on I really had a blast and I'm excited I'm excited for this absolutely go live I think people will love it you share a lot of gems and go wholesale chat hey by the way I did sell my car to chat true story oh yeah that's right I need to add that to my profile see me so me as far as you can sell it to me by sold it to us so I think that's the ultimate endorsement not paid by the way not sponsor but it's the truth it was just it was just so easy I just I just hit up chat my kio chat I need to sell my car I he's like yeah no problem and just like boom boom we got done so super easy and yeah highly recommended so this was great chat thanks for coming on man and we'll talk soon overall thank you ever go right all right hope you enjoyed that episode please give the podcast or rating consider subscribing to the show and check the show notes for links to what we talked about thanks for tuning in I'll see you guys next time