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SEARCHToyota Financial Services is letting Toyota and Lexus dealers auction used vehicles through its Web site.
Toyota Financial Services is letting Toyota and Lexus dealers auction used vehicles through its Web site.
The program, called Dealer to Dealer, is intended to help dealers manage their used car inventories, reported Automotive News. It should save dealers the cost of sending vehicles to auction and grant them greater visibility, said Dave Nordstrom, Toyota Financial's corporate product and remarketing manager.
ADESA is administering the program for TFS. Dealers can sell vehicles in daily online auctions or at a fixed price. Dealers are charged $50 if a vehicle is sold and $150 if they buy a vehicle. There are additional listing fees.
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