How do you vet auction/private-party inventory before pulling the trigger?

[jackcarlson]

Looking for some insight from the group.

For dealers who acquire outside of trade-ins, what’s your process for deciding whether a vehicle is worth bringing into inventory?

Specifically:
• Where are you sourcing (auctions, private sellers, wholesalers, upstream feeds)?
• What are the checkpoints you run before moving forward—history, recon estimates, market data, profitability, or something else?
• Who on your team typically owns the evaluation?
• And if you’re using tools like vAuto, Vincue, or something custom, what part of the workflow do they actually improve (and what still feels manual)?

Curious how different stores are making these decisions, especially as margins tighten and inventories shift.

Appreciate any perspectives from the group.

 

[First Choice Ford]

Manheim, Dealerslink, Vetttx, are our sources. We refuse to buy vehicles unless they are under manufacturer warranty and are single owner clean carfax. We use analytics by Dealerslink to determine how good they perform at our store. Dealerslink books and grades the vehicles for us.

 

[jackcarlson]

Thanks for the detail — that’s helpful. I’m curious how deep your internal review goes once something meets those initial filters (warranty, 1-owner, clean Carfax).

Do you run through any additional checklist before committing, or does Dealerslink’s grading/analytics cover everything you need? For example:
• mechanical/recon expectations
• market-day-supply checks
• price-to-market targets
• trim/package verification
• anything you manually spot-check before bidding

Always interesting to see how much stores rely on the platform’s grading versus their own internal process.