SAN DIEGO, Calif. - National Powersport Auctions (NPA) is launching a program that pays dealers upfront for sending vehicles to auction.
In honor of launching the NPA Advanced Value Payment (AVP) program, NPA is offering $3 million (per-dealer limits apply) now through the end of August to NPA dealers who consign more than $20,000 in inventory. During this time, NPA is waiving the fee normally associated with the AVP program.
The AVP program is designed for dealers consigning their used inventory with NPA to receive timely capital to purchase additional product so they can increase their inventory turn and profit.
With NPA’s AVP program, dealers reportedly will be able to receive up to 75 percent of the vehicle’s value within days of the vehicle arriving at one of NPA’s four locations. When the vehicle sells at the NPA Auction, the dealer receives the remainder of the proceeds from the sale.
All types of powersports vehicles are eligible for NPA’s AVP program, including but not limited to motorcycles, ATV’s, SSVs, PWC, boats and recreational vehicles.
“As dealers increase their off-the-street purchases and further embrace the advantages of taking trade-ins, access to capital becomes critically important,” said John Roshala, NPA’s executive vice president of sales and marketing. “NPA recognized the assistance we could provide to our dealers by giving them the capital to invest back into their dealership. At NPA, we call it ‘pre-owned velocity,’ and we designed the program to do just that.”
When NPA initially rolled out the program as a soft launch to a few of the company’s strong consignors, they ended up wiring over $500,000 to a handful of dealerships, the company noted.
“By having the easy access to capital through the NPA AVP program, we have quickly increased our inventory turn and profit. The NPA AVP program is a very effective tool that helps us grow our dealership,” said Mark Huff of Powerfun in Tavares, Fla.
Posted by Holly Wagner