Guide to Online Car Auctions: Operating, Buying, & Selling

Beyond the Wrench

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5M ago 1:02:16

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Bob Gaito, Chief Executive Officer at Auction Central and Principal at Exit5 Auto Group, shares his unique auction and dealership experience in this week’s episode. Bob dives into how online auctions operate and the role of auctions in the automotive industry. He also discusses the different career options available for technicians in the auction world, and provides advice for shops looking to buy and sell inventory.
(9:51) Layout of an Online Auction
(26:02) Auction Technician Career Opportunities
(31:05) Keeping Buyers & Sellers Honest
(38:32) Challenges of Running an Auction
(50:28) Advice for Buyers & Sellers
(55:14) Future of Auction Business
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About Our Host:
Jay Goninen
Co-Founder & President, WrenchWay
jayg@wrenchway.com | 608.716.2122
About Our Guest:
Bob Gaito
Chief Executive Officer, Auction Central & Principal, Exit5 Auto Group
bob@auctioncentral.com
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