{"id":23136,"date":"2018-03-28T14:45:03","date_gmt":"2018-03-28T13:45:03","guid":{"rendered":"https:\/\/www.coopersolutions.co.uk\/public\/?p=23136"},"modified":"2020-01-17T14:46:31","modified_gmt":"2020-01-17T14:46:31","slug":"keep-more-of-the-profits-yourself","status":"publish","type":"post","link":"https:\/\/www.coopersolutions.co.uk\/public\/keep-more-of-the-profits-yourself\/","title":{"rendered":"Keep more of the profits yourself"},"content":{"rendered":"<p><strong>Just moving from physical to an online auction platform could more than double trade sales profits<\/strong><\/p>\n<p>Looking at over 71,000 car sales, our research confirms that physical auction fees are usually bigger than the profits that selling retailers make. That ratio simply isn\u2019t good for business for today\u2019s retailer.<\/p>\n<p>Retailers using physical auctions are usually happy as the results are better than they were used to getting when dealing with local traders, and the transaction is transparent and secure.<\/p>\n<p>What they don\u2019t realise is the stark difference in transaction costs between the physical and online auction route, and this will always reflect in the profits made. Given their business model, the physical auction houses need a high transaction cost to pay for their overheads. With lower buyers fees, sellers tend to see bigger profits as buyers have \u2018more in the pot\u2019 to bid with.<\/p>\n<p>FullAuction has sold over 69,000 franchised retailers\u2019 trade cars since it was launched \u2013 savvy retailers already use the platform as part of their core disposal strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just moving from physical to an online auction platform could more than double trade sales profits Looking at over 71,000 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":22988,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,8],"tags":[],"class_list":["post-23136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-full-cover"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - 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