👀Dealerships use a tool called v auto to appraise cars and determine their market value.
💰The 'like mind' number indicates how many days of supply a car represents in the market.
📊The market profile reveals the number of vehicles available in the market.
💡Understanding the market data helps you negotiate a better trade-in value for your car.
🤫Dealerships are more likely to negotiate on cars with a higher 'like mind' number and a larger market profile.
What tool do dealerships use to appraise cars?
—Dealerships use a tool called v auto to appraise cars and determine their market value.
What does the 'like mind' number signify?
—The 'like mind' number indicates how many days of supply a car represents in the market.
What does the market profile reveal?
—The market profile reveals the number of vehicles available in the market.
How can understanding the market data benefit car buyers?
—Understanding the market data helps car buyers negotiate a better trade-in value for their cars.
When are dealerships more likely to negotiate on trade-in values?
—Dealerships are more likely to negotiate on trade-in values for cars with a higher 'like mind' number and a larger market profile.
00:00Dealerships use a tool called v auto to appraise cars and determine their market value.
03:59The 'like mind' number indicates how many days of supply a car represents in the market.
09:58The market profile reveals the number of vehicles available in the market.
10:35Understanding the market data helps car buyers negotiate a better trade-in value for their cars.
10:57Dealerships are more likely to negotiate on trade-in values for cars with a higher 'like mind' number and a larger market profile.
