About Great Northern

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Meanwhile lets just say that we are proud Great Northern contributed a whooping 6 entries.

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5 SUBTLE ITEMS TO LOOK FOR WHEN WALKING A UNIT

Besides the normal obvious items that are covered when you are asked to “walk” an appraisal or wholesale vehicle for a dealer who isn’t there in person. Here is a list of concerns that, though they may not make or break a deal they definitely can point to the type of life a vehicle has […]

 

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“ALRIGHT, WE’VE GOT TO MAKE A PHONE-BID, WHAT’S YOUR #”?

So a lot of “phone-bids” or “if-bids” are done at some auctions (including ours). Here’s why we do so many: We are a Buyer-Driven Auction, using a Bottom up approach to the market. The buyers are considered the market drivers, they set the prices based on the conditions they see in the retail landscape. Auctioneers […]

 

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RUN #’S – A JUGGLING ACT

Every auction is an event…a huge part of successful results is the order that the vehicles run in. Three or four overpriced vehicles will absolutely stall any momentum, just like too many re-runs from previous weeks….bidders can get frustrated and annoyed at vehicles not selling. It takes time to build up the energy in the […]

 

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THE TOP 4 SIGNS THAT IT’S THE SPRING MARKET

Tax returns are already starting to flow in. The average refund according to CRA was $1641.00 last year. That’s a nice tidy down payment for a lot of people. Also, 80% of Canadians file online now…they are getting refunded quicker. Demand > Supply – Consignments levels here at TGNA historically, don’t reach post-winter levels until […]

 

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REGISTRATION TRANSFERS: DON’T ASSUME ANYTHING

Here’s why we have full-time staff ensuring every registration is transferred: New Brunswick doesn’t have a tear-away section – NS, PEI, QC, ON all have the ability to “tear” a reg, one side for the buyer & the other for the seller to send in stating that “I’ve sold this unit to this buyer”. NB […]

 

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THE TOP 5 REASONS YOUR VEHICLE DIDN’T SELL AT THE AUCTION LAST WEEK

Priced too high – the old adage “you don’t make $ when you sell the vehicle, you make $ when you buy it” couldn’t be truer. If you are putting over-allowances into units or not paying attention to what the market will bear, you could have a world champion auctioneer selling the trade-in and it […]

 

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