Brick and Mortar versus Internet…
Brick and Mortar versus the Internet…
Up until a few years ago, if you wanted to sell your car you would put a “For Sale” sign in the window. Park the car on a busy street corner or place an ad in the “Cars for Sale” classified section of the local newspaper. And HOPE you got a buyer.
Then came the Used Car Dealer, they had a car lot and you would leave your car there. They would sell it for you for a fee. The Used Car Dealer had it made, they got a car to sell without putting out any money and made a commission on it. The owner on the other hand gave up the use of his car plus not having his title in his possession and forfeiting the right to sell his own car.
The internet changed all this with websites listing cars. Your vehicle is listed with a listing company website. However, you handle the phone calls and payments arrangements yourself.
In the last 5 years or so, more and more people are purchasing items on the internet. Look what Amazon has become.
You can sit at home with your computer, laptop, tablet, and even your phone (smart of course) and visit site after site. Looking at more than 15 million vehicles for sale. You can arrange an inspection, payment transfer, and transportation from your chair. An example of this is “Carvana” You can purchase a vehicle, and have it shipped to your home or place of business.
I would safely say the old-style “Brick and Mortar” used car lots are slowing going away. Some of them are still around and sometimes someone who got several speeding tickets who know assumes he is now a “car guru” will open a Brick and Mortar lot and give it a fancy or regal sounding name. And sit there all day and hope to sell a car and pass the expense on to the people who unfortunately bring their car to them to sell. Online is the way of the future in this business.
Keep them Rolling! Bill