Sun. Feb 25th, 2024
How a used car dealer buys at auction | The AI Car Dealership Project | Episode 5

We learn from award-winning used car dealer Jamie Caple of Car Quay how he buys cars at auction. He takes us through the shortlisting process, what margin he wants to have in cars and what he's looking for in the auction lanes.

The day gives apprentice James Baggott some ideas on how he can use the experience to train AI to buy used cars for the AI Car Dealership project's Clever Car Collection used car dealership in the future.

Join us as Jamie gives his tips on what to look for at auctions, how to price cars accordingly and why it's important to make sure you don't spend too much on them.

In this episode you'll see Jamie work his way through auction house Aston Barclay's catalogue and shortlist vehicles and then we head to the live sale to try and buy some cars.

In this video:
00:00 – Intro
00:20 – Shortlisting cars
05:58 – Heading to auction
07:38 – Why buy there?
09:01 – In the halls
11:51 – Very smelly
13:00 – Winners
14:28 – What I learned
15:22 – Next time

Stay tuned to this series as James documents every step of his journey, from humble beginnings to aspirations of owning a full-scale dealership with a forecourt and maybe even a workshop. Expect insights, challenges, and the real story of integrating AI into the heart of a used car dealership.

Subscribe to our channel for regular updates and join me in discovering how AI might just redefine the car dealership industry.

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– Weekly Car Dealer Podcast on all good podcast platforms, search for the 'Car Dealer Podcast'
– Plus regular website updates on https://cardealermagazine.co.uk/publish/

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