Category: consumer

Selling your vehicle should be a safe, stress-free experience, but when you’re trying to find potential buyers it can often feel like you’re taking on a risk – and not just a financial one. We’ve all heard stories of craigslist scams, buyer no-shows, and last minute haggle sessions; it’s frustrating how selling your vehicle results in unsecure, unsafe transactions. According to Statista.com, the number of cybercrime incidents in the US, including online fraud, has increased significantly, from around 467,000 in 2019, to more than 880,000 in 2023. Private car sellers deserve a better experience!

That’s where inride comes in to save the day. Not only does inride provide a smooth, hassle-free selling experience, but it also offers unparalleled security to protect you and your personal information, every step of the way. With inride you can sell your vehicle without risking your wallet or your safety. Let’s explore why inride is a no-risk, high reward partner for all your car selling needs.

Protecting You from Unwanted Contacts

Imagine you list your vehicle online, hoping to get some quick offers. You get bombarded with messages – some legitimate, others not so much. Now you have to waste your time trying to sort reputable buyers from the scammers. Not to mention, the hassle and frightening experience of meeting strangers in a random parking lot for a test. It’s a headache-inducing nightmare! 

Selling your car shouldn’t feel like you’re gambling your own security, and inride understands that. The cloud based platform handles all communication, so you don’t have to deal with the back-and-forth messages from strangers. No more worrying about giving out your contact information or meeting up with people you don’t know. inride shields you from the hassle of unwanted contacts, keeping your selling process professional, secure, and worry-free.

Shielding You from Online Scams

In the world of online car sales, scams are unfortunately common. inride was designed with these scam-based concerns in mind, ensuring that you’re protected from start to finish when selling your vehicle.

One of the ways inride protects your safety is by acting as a trusted intermediary between you and the buyer. Every transaction is conducted through inride’s secure, encrypted platform. That provides several benefits. One, you don’t have to worry about fake payments or potential fraud. Two, you don’t have to spend a single second verifying any payments or offers, inride does the heavy lifting. A generous offer for any vehicle, from a Ford F-150 to Nissan Leaf, shouldn’t be a coin flip on whether you get your payment – with inride in your corner, you’ll never have to second guess again.

Securing Your Personal Data

One story we’ve heard all too often is someone attempting to use a less-than-reputable site to sell their vehicle only to have their phone and inbox flooded with spam, scams, and unsolicited offers.  In today’s digital world, data breaches are a serious concern, and it’s essential that sensitive information like your name, address, and financial details are protected. In addition to protecting you from scams and unwanted interactions, inride prioritizes keeping your personal data secure; you shouldn’t have to walk the tightrope of internet safety just to sell your vehicle.

Don’t worry, we’re not just talking the talk when it comes to protecting your personal information and data. inride uses industry-leading encryption technology to keep your data safe. From the moment you list your car to the final transaction, all of your information is securely encrypted and stored. Not only does this safeguard your data from hackers, but inride also has a strict policy of never selling your information to third parties. That means your data stays private, with no risk of being shared or misused. In other words, we walk the walk too!

Conclusion

With over $25 million paid out to sellers and thousands of satisfied customers, inride has perfected the art of secure transactions. It’s no surprise that so many people trust inride to sell their cars without the headaches and risks that come from navigating the ever changing online marketplace.

With around 3 million used cars sold each year, first impressions are everything when you’re trying to sell your vehicle. If you’re listing a used Toyota Highlander up against similar vehicles, the difference between a successful sale and being passed over could be the photos used. Properly capturing your vehicle with informative, appealing photos is essential. But how can you get great photos of your car so that others can see it in all its glory?

First off, you can put your wallet away – you don’t need to hire a photographer or buy yourself a top-of-line camera (you’re supposed to be making money after all). With the advancement of technology, it’s never been easier to capture stunning photos with just your smartphone. And when you know how to prepare your car and operate your device’s camera, you can stand out from the crowd and present your car in a way that truly wows prospective buyers.

Bad Photos

Good Photos

Here’s some tips that can help you go from novice to pro when it comes to snapping polished photos of your vehicle:

1. Clean your Car: It might seem obvious, but the first step to great car photos is a clean vehicle. Take the time to wash away any dust, dirt, or smudges. A spotless car will look much more appealing in your shots, allowing the details to shine through.

2. Choose the Right Location: A scenic backdrop can make or break a car photo. Look for a setting that complements the car without overpowering it. For instance, an open road or a beautiful overlook could be great for a sporty car like the Ford Mustang. Likewise, you could use an industrial backdrop for a powerful truck like the Chevy Silverado. Your location should enhance your vehicle, take advantage of that!

3. Use Natural Lighting to Your Advantage: Lighting is one the defining elements of photography, and car photos are no exception. The best times to shoot are during the golden hours—shortly after sunrise or before sunset—when the light is soft and warm. This natural lighting can beautifully enhance the car’s curves and lines. Avoid shooting in the harsh midday sun, as it can create unwanted shadows and glare. The last thing you want is a flat photo that looks equal parts amateur and unappealing.

4. Play with Angles and Perspectives: Don’t be afraid to get creative with your angles, prospective buyers will want to see your vehicle from all sides. Try shooting from a low angle to give the car a more imposing, dramatic look, or experiment with overhead shots for a unique perspective. Changing your viewpoint can highlight different aspects of the car’s design and make your photos more dynamic.

5. Focus on Sharpness and Depth of Field: To make sure your car is the star of the shot, use your phone’s focus and depth of field features. Tap on the car in your frame to keep it in sharp focus while gently blurring the background. This technique draws attention to the vehicle and creates a professional-looking photo.

6. Use Grid Lines for Composition: Have you ever fiddled with your camera app and turned on the gridlines feature? Part of why it exists is for this very circumstance, creating a balanced and professional shot. By using gridlines, you can help with the composition of your photo; you’ll have a helpful visual reference for where your vehicle is and won’t need to waste time with trial and error. Symmetry is the name of the game!

7. Utilize HDR Mode for Balanced Exposure: When shooting in challenging lighting conditions, such as when there are both bright and dark areas in your shot, use HDR (High Dynamic Range) mode. HDR captures multiple exposures and blends them together, ensuring that details in both the shadows and highlights are well-exposed.

8. Enhance Your Photos with Editing: After you’ve taken your photos, don’t be afraid to enhance them with some editing. Apps like Snapseed, VSCO, or Adobe Lightroom can help you fine-tune your images by adjusting brightness, contrast, and color balance. Plus, your phone also comes equipped with a variety of filters that can enhance the lighting and color of your vehicle. Even small tweaks can make a big difference in the final look of your photos. Remember though, you are selling your vehicle – don’t catfish your potential buyer!

9. Highlight the Details: Remember to take close-up shots of the car’s unique features, such as the headlights, badges, or interior elements. Your photos aren’t just about the looks but the fine details of your vehicle. These detailed shots help potential buyers have a better understanding of your car which can help them feel more confident in their purchase.

10. Use References: Sometimes the best way to get the right picture is by learning from the masters. Research similar photos of your vehicles from different dealerships or independent sellers. These can serve as helpful reference points for when you start taking your own photos. Also, while you browse these pictures, put yourself in the shoes of an interested driver. Consider what does or doesn’t work on any given photo and use what you learn to better capture your own vehicle.

Thanks to impressive strides in smartphone camera technology, and the plethora of online resources for researching the perfect picture, there’s never been a better time to take appealing, professional photos of your vehicle. Even if you’ve only taken selfies, food pics, or firework snapshots (haven’t we all), you can take phenomenal photos that’ll help you land a great return for your car.

Selling your vehicle can be a rewarding experience just as much as it can be a long, arduous journey. It helps when you know how to maximize its appeal and reach the right buyers, a process that requires proper knowledge of your vehicle and a helpful avenue to sell it. 

Presentation is key when getting your vehicle ready for sale. It’s important that prospective buyers see your vehicle at its best, that means making sure it looks and runs well. A study by PolicyAdvice notes that well-maintained used cars are in steady demand because they offer better value and reliability, contributing to higher resale prices. McKinsey and Company similarly found a 2% increase in the margins of revenue gained from refurbished vehicles. Basically, a good car can lead to a good sale.

If you’re looking for a good place to start, begin by thoroughly cleaning and detailing your car. A well-maintained appearance can significantly impact a buyer’s perception. Wash the exterior, clean the interior, and vacuum the carpets and upholstery. Pay special attention to areas that often get overlooked, such as under the seats and in the trunk. If necessary, consider getting a professional cleaning to make your car look its absolute best.

While cleaning your vehicle, don’t forget to remove all personal belongings, to ensure a smooth transition for the new owner. Check the glove compartment, trunk, and under the seats to make sure you haven’t left anything behind. If you leave your pair of sunglasses in the overhead compartment then they probably won’t be your sunglasses anymore. A sparkling clean car can give the impression that it has been well cared for, which can justify a higher asking price.

While first impressions are important, the little details are just as crucial. You should address any minor issues like small dents, scratches, or paint chips, and have them repaired. Making sure all lights are functioning properly can enhance the overall appeal of your vehicle as well. 

Looks aren’t everything, you should try to address minor mechanical issues, if feasible. This could include things like replacing worn windshield wipers, fixing minor oil leaks, or replacing old spark plugs. Check all the fluids in your vehicle, including engine oil, coolant, brake fluid, and transmission fluid – make sure they are topped off. Inspect the tires for tread depth and overall condition, and replace them if necessary. You should also check the brake pads and replace them if they are worn. You want your vehicle to run smoothly, like it just left the lot for the first time.

You should also consider getting a pre-sale professional inspection (PPI) from a mechanic or other third party. Your vehicle might look great to you, but an expert could help in identifying and addressing any issues that slip between the cracks. According to J.D. Powers, the cost for a simple PPI can range from $100 to $200. When you have an expert’s opinion on your vehicle, you gain a powerful tool for negotiations. 

It is essential to gather the proper paperwork in preparation of selling your vehicle. Getting the title and registration ready will help with a smoother transfer of ownership. It also pays to find all service records and receipts related to your vehicle’s maintenance and repairs. Documented maintenance history reassures buyers about the condition of the vehicle and can justify a higher asking price.

Speaking of price, it’s important to have a lay of the land before trying to sell your vehicle; not only to help maintain your expectations but it can also be the perfect way to gain an edge on similar vehicles. Consider taking the Kelley Blue Book Condition Quiz to help determine your car’s true condition. To narrow down the correct asking price, peruse local listings to see what other similar vehicles with similar equipment, mileage and options are selling for in your area. For a more realistic value, look up the trade-in or wholesale price instead of the private party price. You can research the market value of your vehicle by using online tools such as Edmunds, CarFax, and inride – which provides an instant cash offer by simply entering your VIN number or license plate. 

Selling your car might seem daunting at first, but it represents an exciting opportunity. By following this guide, you can effectively prepare your vehicle for sale and maximize its appeal. 

The resale market for electric vehicles (EVs) is evolving rapidly, presenting both opportunities and challenges for buyers and sellers. Correctly pricing an EV for resale requires a savvy understanding of the marketplace. Selling a used EV can be a bit different from selling a conventional car due to the unique factors influencing the EV market.This blog will focus specifically on what’s driving the market, which EVs have the best resale value and how you can best navigate the ever-changing world of used EV sales. 

Market Dynamics

Tesla has made a name for being the dominant player driving the EV industry. In 2023, Tesla introduced aggressive price cuts to their vehicle lineup which sparked a surge in new Tesla EV sales.  According to apnews.com Tesla’s first-quarter vehicle sales rose 36% after the company cut prices twice in a bid to stimulate demand.

Tesla’s decision to highly incentivize new vehicles has significantly impacted the resale market for used EVs. The price gap between new and used EV models has shrunk dramatically, making used Tesla’s less attractive to buyers, who opt to purchase new, leading to a drop in resale values. “Consumers didn’t used to be worried about the resale value of an EV, but (Tesla chief executive Elon) Musk cutting prices made people feel like they owe $50,000 on their Tesla and now, it’s only worth $40,000,” said Pat Ryan, chief executive of CoPilot.

The government’s push for more EVs on the road has also affected the resale market.  Currently, new EVs come with an additional $7500 in available tax credits while a used EV, has a $4000 max, but only if the vehicle being purchased is under $25,000. By lowering the upfront cost, tax credits make EVs accessible to a broader range of consumers, potentially encouraging more people to consider a new EV as a viable option.

In addition to pricing cuts and government incentives, another market factor affecting the resale value of EVs is vehicle depreciation. There’s a saying that the moment a new car rolls off the lot, it depreciates by 15%. We expect cars to lose their value the moment they go from “new” to “used” and unfortunately EVs are statistically worse in this regard. EVs have the highest depreciation rates among all vehicle types, on average losing more than 49.1% of their value after five years, compared to the industry average of 38.8%.

This rapid depreciation is driven by several factors, including the fast pace of technological advancements, concerns about battery longevity, new EV incentives and market demand. It is important to note that the rate of depreciation can vary by model and brand. Popular or newer models with advanced technology and longer range may retain their value better than older or less popular models.

Realistic Expectations for Selling a Used EV

Understanding current market conditions can help set realistic expectations when trying to sell your EV. According to Cox Automotive, the current national average list price for a used vehicle is $25,251, a 7% drop from a year ago while a used EV is $37,851, down 14% in a year.

Demand for your specific EV model in your area, local trends, including the availability of charging infrastructure and regional preferences, can impact how quickly and at what price you can sell your EV.

Timing can also significantly impact the resale value and ease of selling an EV. Selling during periods of high EV demand may be advantageous. For example, the end of the year is often a good time to sell, as potential buyers might be looking to take advantage of tax credits before the new year. Avoiding times when EV sales are generally slower (January) can help you achieve a better sale price.  

If you’re trying to identify value in the used EV marketplace, it pays to know which models have garnered the most buzz and are seen as the most attractive. Despite the challenges, some EVs do hold their value better than others. According to iSeeCars.com, the top-rated EVs in terms of resale value are:

1. Tesla Model 3

2. Tesla Model S

3. Chevrolet Bolt EV

4. Nissan Leaf

5. Hyundai IONIQ Electric

6. BMW i3 Electric

These models are popular due to their reliability, range and brand reputation. If you own one of these EVs, you might fare better in the resale market. 

Tips for Selling Your Used EV

1. Do Your Research: Use online valuation tools to get an idea of what your EV is worth. Websites like Kelley Blue Book, Edmunds, and iSeeCars can provide valuable insights based on current market trends. Try to find exact matches based on your model, trim, year, extra features and mileage – and don’t be afraid to expand your search if there are no similar cars nearby.

2. Highlight Incentives: If your state offers incentives for used EVs, make sure to highlight them in your listing. This can make your car more attractive to potential buyers. 

3. Get an Inspection: As with any vehicle you plan to sell, a thorough inspection and a clean bill of health can boost buyer confidence. Consider getting an independent inspection and sharing the report with potential buyers. A common concern for prospective EV drivers is the battery and whether it’s in good working condition. By providing up-to-date information on the quality and overall state of your EV, you can ease those concerns and net a higher value.

4. Be Transparent: Be honest about the condition of your EV, including any wear and tear or battery degradation. While the marketplace might be struggling, there are still interested buyers looking for an EV for its eco-friendly design and are willing to buy EVs in all types of conditions. Plus, transparency can build trust and facilitate a smoother sale.

5. Prepare your Vehicle for Sale: If your EV’s battery is in a poor state, the technology isn’t working properly, or any other issue is present, you’re likely to get less value out of a potential sale. Repairing your EV can be costly, so it’s important to consider the potential returns you could net and leverage it against the costs of repair. 

Recap

The EV resale market is evolving, and just like with any other automotive market, future developments may shift the overall dynamics. As battery technology improves and the public gains more confidence in long-term EV ownership, resale values may stabilize. Conversely, as the market becomes saturated with used EVs, buyers will have more options, potentially driving used EV prices down further. Selling a used EV comes with its challenges, but understanding the market dynamics and setting realistic expectations can help you navigate the process successfully.

When you plan on selling a vehicle and you’re trying to price it just right, daunting doesn’t even begin to describe the process. You want to find the perfect balance between a competitive asking price and maximizing profit. There are few steps you can take to ensure you’re selling your car for all it’s worth.

Gathering detailed information is an important first step. You can use sites like CarsandDrivers.com or Edmunds.com as strong starting points. Incorporate key details, like the make, model, trim, year, mileage, condition, and any unique features or upgrades, into your research.

While it’s great to have an understanding of what goes into your vehicle’s value through your own research, it’s always a good idea to get a second or third opinion from an expert. Services like Kelley Blue Book (KBB) and Edmunds, provide estimates based on the details you provide. These platforms consider current market trends, regional demand, and historical sales data to give you a ballpark figure.

You can also get a third-party professional to assess your vehicle. Experts can provide a fair evaluation of your car and might notice certain features or issues you might’ve missed. You won’t be blindsided by a problem you weren’t aware of and you might even find your car is more valuable than you originally thought. 

Another important step in correctly pricing your vehicle is to check out what similar cars in your area are going for. The closer the vehicle is at matching your vehicle – be it trim, mileage or add-ons – the better. You can use these prices as a foundation for your car when trying to determine its value. Remember to adjust your price based on the condition of your car and any additional features or upgrades.

For many drivers, their car has been with them through thick and thin. You’ve braved countless journeys and maybe your car got a couple scars – or dents – to prove it. While the storied history of your car can serve as a sign of its quality and reliability, buyers might hesitate to spend too much depending on the long lasting damage your vehicle has suffered.

On average, reconditioning costs can range from $500 to several thousand dollars, depending on the car’s condition. For example, a thorough detailing and minor dent repair might cost around $600, while replacing worn-out tires and fixing mechanical issues could cost $2000. By factoring in reconditioning costs, you can set a realistic price that someone is willing to pay for your vehicle, based on its condition.

Market demand also plays a crucial role in pricing your vehicle. Certain types of cars are more popular in different parts of the country and/or at different times of the year. For instance, convertibles tend to sell better in the spring and summer, while SUVs and trucks are in higher demand during the fall and winter. You should also factor in the size of the potential buyer audience.  A 4-door SUV is likely to appeal to a wider market than a 2-seater Porsche.  Depending on the makeup of the surrounding area, you can encounter different priorities for individual buyers. 

A report by Edmunds finds that SUVs and trucks accounted for over 70% of all new vehicle sales in 2023. Even if this stat pertains to new vehicles, the high demand also impacts the used car market. By understanding market trends, you can strategically price your car to attract the right buyers at the right time. 

And don’t forget to factor in the overall market. According to KBB, in June of 2024, the average used car was listed for $25,251, down about $400 from May’s price and more than $1,700 from June of 2023. So far in 2024, there have been over 21 weeks of dropping used sale prices, as noted in a recent CarEdge article. You can estimate that if demand for used vehicles is decreasing, your asking price might as well. Keeping your finger on the pulse of the market is crucial to making sure you don’t miss the mark on your vehicle’s value.

Accounting for the different factors that go into properly setting the selling price for your vehicle can lead to a quick sale with multiple offers. It might take some time and energy on your part at the beginning, but setting a realistic price will all be worth it when your vehicle is sold!

Selling your car can be a real headache. You have to worry about ensuring it’s in top condition, consider what your desired price is, get your car inspected, and research the current market trends for that specific model. As if that wasn’t enough, you have to consider what a dealership is willing to pay. Trying to understand what goes into a dealership’s offer on your vehicle is essential to knowing your car’s value and securing the best value possible. Let’s demystify the process and take a look at how dealerships determine what they’ll pay, so you can decide whether it’s the right price for you.

Purchase Cost

When a dealer considers purchasing your car, their first step is to research the actual retail and wholesale sales for similar vehicles in the recent past. This involves analyzing data from automotive websites like CarGurus.com and Cars.com, which provide insights into what cars like yours are selling for in your area, as well as wholesale auction sites, such as Manheim.

It’s a good idea to do some independent research too, that way you’ll know if you’re being lowballed. You can use sites like CarGurus.com, Cars.com, and CarandDriver.com. Look for vehicles that match the specifics: trim, year, mileage and any extra features. Don’t be afraid to broaden your horizon if you don’t find an exact match nearby, any information is good information!

Reconditioning Cost

Everybody loves that new car smell, that new car look, that new car “everything.” Dealerships are well aware that excitement is what drives customers. When you sell your car to a dealer, chances are they’ll take extra steps for reconditioning and make it ready for retail. Depending on the state of your car, that expense can be significant.

If you’re selling a Honda Accord with a few nicks, a dealership won’t have to spend too much to get it ready for resale. But if you send them that same Honda Accord with a dying powertrain or malfunctioning safety suite then chances are that’ll significantly cut into the price a dealership offers.

To give yourself an edge, consider getting an independent inspection of your vehicle before listing it for sale. The inspector will provide a Condition Report, detailing the car’s current state. Sharing this report with potential buyers boosts their confidence and can lead to higher bids. Plus, it helps you feel in-the-know about your car’s value, so you can more easily evaluate a dealership’s offer.

Transportation Cost

A dealer that is purchasing a car on the internet means it might be located hundreds of miles away and will need to pay to have the car shipped to their store.  Depending on the distance and method of transportation, this cost can range from a few hundred dollars to over a thousand dollars.  Dealers that purchase a car online have to take this cost into consideration when making an offer.

Title Transfer and Administrative Cost

Most car sales, especially those involving dealerships, involve a significant amount of paperwork, from processing the title transfer to paying off any existing loans. Dealers have dedicated title administrators who handle these tasks, ensuring that the car has a clean title and is ready for the next owner.

This administrative process can be both time-consuming and costly, especially if the dealership needs to resolve any title issues or liens. Depending on how prepared you are for the sale, the dealership might have to spend more just to get all the paperwork in order. These costs are factored into the dealer’s offer to ensure they can cover these expenses without compromising their profit margin.

Interest on Loan

Dealers often use lines of credit to acquire vehicles. This means that each day a car sits on the lot, the dealer incurs interest charges on the loan used to purchase it. As a result, cars that are in high demand and likely to sell quickly are more attractive to dealers. These vehicles can command higher offers since the dealer anticipates a faster turnaround, minimizing the interest paid on the loan.

If you’re selling a low mileage 2023 Ford F-150, a popular choice for both individuals and businesses alike, then chances are the dealer will offer more. There’s a wide range of potentially interested buyers and the truck is from a recent year. A dealer looks at the chance for a quick return when calculating what they’d pay for the vehicle. 

When you’re planning on selling your car, consider how high in demand it is. This can be tricky, you know how great your vehicle is better than anyone – but try to be objective in your evaluation and consider getting a second opinion.

Commissions

Dealerships compensate their salespeople through commissions, which vary depending on the dealership’s policies. These commissions are part of the overall cost structure that affects how much a dealer can offer for your car. A dealer must ensure they can cover the commission paid to the salesperson while still making a profit on the sale.

Putting It All Together

When you add up all these factors – purchase cost, reconditioning cost, transportation cost, title transfer and administrative cost, interest on loan, and commissions – it becomes clear why a dealer’s offer might not be what you were expecting. However, the benefits of selling to a reputable dealer and ensuring you get paid for your car in a safe and secure manner often outweigh the risks of trying to sell your car to a private party for a few more bucks.

Understanding all the factors that go into determining a dealership evaluation of your vehicle can solidify whether looking at alternative 3rd party options are right for you.

If you think you’ve seen everything in the automotive marketplace, think again. Introducing inride, the all-in-one, revolutionary car auction platform designed with the seller in mind. If you’re looking for a hassle-free way to sell your car and get top dollar, look no further. Unlike traditional methods and other platforms, inride is not just another option; it is the only option that truly puts the seller first.

Maximum Exposure, Maximum Offers: What’s everyone’s number one concern when selling a vehicle? Making the most money possible safely and securely, and the best way for that to happen is to get as much exposure as possible for your vehicle. When you list your vehicle for auction on inride, it gets seen by a nationwide network of eager dealers. This extensive reach ensures that your car receives competitive auction bids, driving up the offers. No other platform can boast such a wide and active dealer network.

A Risk-Free Auction Experience: Selling a car can be stressful, especially when dealing with potential buyers, haggling over prices, and handling the paperwork. Even thinking about it can make you second guess selling. With inride, the entire process is secure and transparent, giving you peace of mind from start to finish. Our platform ensures that every auction is conducted fairly and securely, eliminating the risks commonly associated with car sales. No more walking the tightrope of security and sales, inride has it all guaranteed.

Consider the traditional methods: meeting strangers for test drives, negotiating with multiple buyers, and worrying about payment fraud. With inride, these concerns are things of the past. Our platform handles every aspect of the sale securely, so you can relax and enjoy a stress-free experience. So you can sit back, relax, and wait for the offers to come in.

Inride Handles Everything: Let’s face it, life can get hectic. Maybe you’ve got long hours, or you’re a parent juggling all the responsibilities for your family. The point is, selling a car can take time and it isn’t easy if you have a busy schedule. That’s where inride comes in. From the initial instant offer to final payment, inride takes care of every detail. Our comprehensive service is what sets us apart from the competition. Sellers don’t have to lift a finger – we manage the logistics, paperwork, and communication, ensuring a seamless process from start to finish. Think about the time and effort it usually takes to sell a car: advertising, answering inquiries, arranging viewings, and negotiating prices. inride eliminates these hassles so you can concentrate on living your life.

Instant Offers, Immediate Satisfaction: Time is of the essence, and inride understands that. So, how long does it take to get an offer? Well with our platform, simply enter your VIN, answer a few questions, and that’s it. Instant Cash Offer. In less than a few minutes, you get a look into what your vehicle is likely worth. No more waiting days or weeks for offers to come in – with inride, you get a competitive offer in seconds.

Imagine needing to sell your car urgently due to a sudden move or an unexpected expense. inride’s instant offer feature ensures you can secure the funds you need almost immediately, without the usual delays and frustrations associated with traditional car sales. 

The Competition Doesn’t Do It Like Us: While there are other platforms and services available for selling cars, none can match the comprehensive and user-friendly experience provided by inride’s new auction platform. Many competitors require significant effort from the seller, such as meeting potential buyers or handling complex negotiations. Others may not offer the same level of security and transparency, leaving sellers vulnerable to scams or lowball offers. 

For example, platforms like Craigslist or Facebook Marketplace require sellers to interact directly with buyers, and we’ve already talked about how risky that can be. Traditional dealerships might offer convenience but often at the cost of lower trade-in values. In contrast, inride combines the best of both worlds: the convenience of a full-service platform with the competitive offers driven by a nationwide network of dealers.

Get Started Today: In a world full of car selling options, Inride stands out as the premier choice. Our platform offers unmatched exposure, a risk-free auction experience, and a full-service approach that takes care of everything for you. Don’t settle for less – choose inride and discover the most efficient and profitable way to sell your car.

In the US, an average of 9 million vehicles are sold at auto auctions per year. Whether you’re looking to sell quickly, maximize your profit, or are looking for a hassle-free selling experience, the auction route can be an attractive option. Let’s explore just a few of the advantages of  auctioning a vehicle.

1. Competitive Bidding:

Selling your vehicle can be a huge financial benefit, especially when you’re trying to get the most money possible. Auctions facilitate competitive bidding among potential buyers, which can drive up the selling price of your vehicle. Your used Ford Ranger might get one offer from a dealership, but online? You could be looking at a number of offers! Multiple bidders vying for the same car means you’re more likely to get a higher final sale price than just going to a dealership. 

2. Car Auctions are Booming:

Making a good sale means  having a good strategy, and there’s no better starting point than finding the most successful marketplace. For a time, standard car sales outpaced auctioning by a hefty margin, but that gap has closed – in fact, it’s been exceeded! According to Daedal Research, in 2022, the online car auction market held the largest share beating out in-person. Sound big? Think bigger. It was valued at $3.21 billion. And the best part is that market trends show it’s growling larger. More people are turning to auctioning services to buy their next vehicles, so you can rest easy knowing it’s the place to go when you want to find the largest audience of potential buyers.

3. Transparent Process:

Buying a car is often the second largest purchase a person makes after their house. With such a large purchase, it’s important for all parties to be comfortable with the legitimacy of the transaction. For this, auctions offer a transparent selling process, where buyers place bids openly, allowing sellers to see the market value of their vehicle in real-time. This transparency can provide sellers with confidence in the fairness of the transaction and assurance that they are receiving a competitive price for their vehicle. And for buyers, they can feel comfortable with their purchase knowing they’ll receive what was advertised.

4. Access to a Wide Audience:

Auctions attract a diverse range of dealers from around the country, not just in your town. This broad audience means you’re more likely to find a buyer willing to pay a favorable price for your vehicle. Convertibles and sports cars command higher prices along the coasts and in warmer climates. Four-wheel-drive trucks and SUVs do best in the Northeast, Midwest, and other areas that get a lot of snow. By broadening your reach to a nationwide list of dealers, you’re more likely to secure a higher price for your vehicle.

5. Convenience:

Selling a vehicle can be a real hassle. From shipping to ensuring the sale is final, the whole process can be a massive headache for those looking to sell. Thankfully, auctions offer the convenience of handling many aspects of the sales process for you. Selling should be an easy task not a full time job. Having a third party to ensure the sale runs smoothly, from going through the necessary paperwork to being the point of contact between parties, makes everything easier.

6. Avoiding Negotiation:

Unlike private sales, where negotiations with potential buyers are common, auctions typically involve predetermined bidding increments and final sale prices. This means you don’t have to deal with the negotiation process and the potential stress that comes with it. No arguments, no haggling, and no ripping out your hair.

7. Immediate Payment:

Once the auction is over and the highest bid is accepted, sellers will typically receive immediate payment after their vehicle has been picked up. This eliminates the need to wait for payment or deal with delayed transactions, providing you with prompt access to the money earned through the sale.

Auctioning a vehicle offers several benefits to potential sellers, including competitive bidding, transparency, and potential for a higher return. However, it’s also important to research and choose a reputable auction platform to ensure a smooth and successful selling experience. 

Selling your car can be a daunting task. Between the endless haggling, the uncertainty about pricing, and the constant worry that you might not get what your car is truly worth, it’s no wonder many dread the process. At inride, our goal is to serve as your trusted ally in the world of used vehicle sales. With real-time data, inride is here to ensure you feel in control and confident about getting the best possible price for your vehicle.

Setting the Stage with Real-Time Market Data

One of the standout features of inride is our commitment to arming you with real-time market data. We understand that the automotive market is constantly shifting, and what was a fair price yesterday might not hold up today. That’s why we provide you with the latest sales data about your specific vehicle from multiple sources. This isn’t just generic information – it’s tailored to the make, model, year, and even the condition of your car. 

By using this real-time sales data, you can set a realistic price that reflects the current market trends. No more guessing games or relying on outdated information. You’ll know exactly what buyers are willing to pay, which helps you attract serious offers quickly.

More Than Just an Auction Platform

Make no mistake, inride provides a robust and attractive auction platform, one with plenty of options that let you customize your selling experience. And, we’re so much more than that. Our mission is to help you get the most money for your car, not just to facilitate a sale. We understand that selling a car is a significant financial decision, and our goal is to maximize your return backed by our team of experts.

Our platform is designed to be user-friendly and transparent. We guide you through every step of the process, from listing your car to finalizing the sale. Our experts are always on hand to provide advice and answer any questions you might have. We believe that an informed seller is a successful seller.

Consumer Advocacy at Its Best

At inride, our work is defined by our unwavering dedication for providing the best possible experience for our users. We advocate for you, the seller, ensuring that your interests are always front and center. Unlike traditional dealerships that might be more interested in turning a quick profit, we focus on helping you find the highest possible price for your vehicle.

inride Keeps Everything Transparent and Honest

At inride, transparency is at the heart of everything we do and our key to successful sales. We believe in providing a clear and honest process for our users. From the moment you list your vehicle to the final sale, you’re in control and aware of what’s happening. Our platform is designed to help you set a realistic price that won’t over or undersell your vehicle. By using real-time market data, we ensure that your car is priced accurately based on the market.

Our commitment to transparency means you’ll always know how we arrived at your vehicle’s price. We’re not here to lowball or inflate prices for a quick sale; we’re dedicated to providing honest, realistic goals for our users. Our fair pricing attracts serious buyers and maximizes your return, a win-win for all involved. With inride, you can trust that the price you set is both competitive in the used marketplace and reflective of your car’s true value.

Conclusion

Selling your car doesn’t have to be a headache. With inride on your side, you can feel in control and confident that you’re getting the best possible deal. Our commitment to consumer advocacy, real-time market data, and transparent process ensures that you can set a realistic price that attracts serious buyers. Join the inride community today and experience the difference for yourself. Your perfect price is just a few clicks away!

The COVID-19 pandemic impacted just about every major industry, changing how they operate. This includes the automotive industry, with changes spanning from supply to demand. It’s important to understand how car values have shifted in a post-pandemic world, and doing so requires examining the evolving dynamics of supply, demand, and consumer behavior. Let’s explore some of the key ways car values were impacted:

1. Supply Chain Disruptions:

The pandemic disrupted supply chains on a global scale, causing shortages of critical components. Because of these shortages, there were long delays and reduced inventories from most OEMs and automotive distributors. As a result, the supply of new vehicles decreased, leading to increased demand for used cars and potentially inflating their values.

2. Increased Demand for Personal Transportation:

The impact of the pandemic was especially apparent with how it affected public spaces – and how frequently people tried to avoid them. With concerns about virus transmission, people became concerned about the health risks of public transportation. This in turn caused individuals to shift towards personal transportation, leading to increased demand for cars. This surge in demand, coupled with limited supply, contributed to higher prices for both new and used vehicles.

3. Shift in Vehicle Preferences:

The pandemic also brought a shift in consumer preference. This included a growing interest in larger vehicles like SUVs and trucks, as well as electric and hybrid vehicles. From a desire to have more family oriented vehicles to being more environmentally conscious, these preferences would subsequently impact the value of all vehicles.

4. Remote Work and Lifestyle Changes:

While many turned toward personal vehicle usage to get to work, there was also a widespread adoption of remote work and changes in lifestyle patterns during the pandemic that largely altered commuting habits and vehicle usage. Because of these new workplace opportunities, some individuals sought to downsize or sell their vehicles due to reduced commuting needs, while others invested in vehicles suited for recreational activities or road trips. This continues even in the post-pandemic world where remote work is a popular option for many employees across the country.

5. Government Stimulus Measures:

Economic stimulus payments and enhanced unemployment benefits provided financial support to individuals, potentially increasing their purchasing power for vehicles. These measures may have contributed to the increased demand for cars and the ability to afford higher prices.

6. Rental Car Market:

The rental car industry faced a number of challenges during the pandemic due to travel restrictions and reduced travel demand. As a result, rental car companies sold off portions of their inventories. These vehicles entered the used car market, increasing supply and impacting prices.

7. Digital Transformation:

The pandemic accelerated the adoption of online car buying platforms and digital retailing solutions. Due to apprehension surrounding public spaces, especially when online alternatives were present, consumers became more comfortable with purchasing vehicles online, leading to changes in the way cars are bought and sold and potentially influencing pricing dynamics.

8. Inflation and Interest Rates:

Inflationary pressures and rapidly rising interest rates following the pandemic have influenced car values. While some inflation is expected, the economic stimulus and low interest rate environment led to high inflation. This in turn led the Fed to increase interest rates in an effort to tamp down inflation.  Consequently, high interest rates have deterred consumers from trading in their vehicles and buying new ones, hence reducing demand.  This has led to decreased used car values, returning to near pre-pandemic levels.

Conclusion:

The COVID-19 pandemic caused significant disruptions in the automotive industry, affecting supply chains, consumer behavior, and market dynamics. These changes led to fluctuations in car values, with factors such as supply chain disruptions, increased demand for personal transportation, shifting preferences, government stimulus measures, and digital transformation playing key roles in shaping post-pandemic car values. As the industry continues to adapt to evolving conditions, monitoring these trends will be crucial for understanding future changes in car values.