Would like to get feedback from the HN readers.
I have founded UnloadYourCar.com. This service helps you get the best price for used car. [Think Gazelle, eBay and Lending tree for cars.]
Primary User: General Car Owners
Primary "Customer": Auto Dealers
Enter your car and mileage then up to 20 dealers or private buyers make you an offer. You choose the best offer and get a voucher commencing the agreement.
No hassle going to multiple dealers or time spent posting to all the websites.
Revenue: our primary revenue would come from dealers paying to "bid/advertise" their offer.
Right now, automotive dealers are paying on average $20+/unqualified leads (Autotrader, cars.com). (Personal experience)
The Advertising and Marketing costs per new vehicle sold are $650 (NADA research).
I believe we can command a higher price $250+/lead (after validating consumer use/demand) because this is a "Qualified" Lead/Sale for the dealer.
Competition:
Atuotrader, TrueCar, Cars.com, etc.
Would like to get feedback from the HN readers.
I have founded UnloadYourCar.com. This service helps you get the best price for used car. [Think Gazelle, eBay and Lending tree for cars.]
Primary User: General Car Owners
Primary "Customer": Auto Dealers
Enter your car and mileage then up to 20 dealers or private buyers make you an offer. You choose the best offer and get a voucher commencing the agreement.
No hassle going to multiple dealers or time spent posting to all the websites.
Revenue: our primary revenue would come from dealers paying to "bid/advertise" their offer.
Right now, automotive dealers are paying on average $20+/unqualified leads (Autotrader, cars.com). (Personal experience)
The Advertising and Marketing costs per new vehicle sold are $650 (NADA research).
I believe we can command a higher price $250+/lead (after validating consumer use/demand) because this is a "Qualified" Lead/Sale for the dealer.
Competition:
Autotrader, TrueCar, Cars.com, etc.
There's currently a site called RollSale (http://rollsale.com) that's doing something similar to this.
There's also AutoTrade.com Trade-In Marketplace where you can get quotes for your trade-in (https://tradein.autotrader.com)
But the problem I see with this business model is that any quote you get from a dealer for a vehicle they haven't personally seen and inspected will not be a reliable bid.
They can always do a bait and switch after you bring the vehicle in. Now that they have you at the dealership, they can wear you down and convince you to drop the price due to "unforseen" issues. Perhaps the vehicle is not in the condition they expected, or there's some mechanical "issues" and they can't honor their original bid.
I don't know of any dealers that will absolutely guarantee a used car bid sight unseen (unless they bid way below market rate), which isn't good for consumers.
Not saying this business model won't work, it's just hard to get guaranteed bids.
Edit: I may have misunderstood the question, but I'm assuming this is a service where you try to sell or "unload" your car to a dealer.