We’ve told you before how you can get a great deal on a car at the Delaware Auto Exchange.
If you’ve never been to an auto auction like the Delaware Auto Exchange before, don’t worry, they have a first time buyer seminar to teach you how it’s done.
Ron and CJ Faison, father-son duo and business partners, talk about a new way for car dealers to buy from them.
Ron bought the business in 1996, his son Cj started working there when he was just 7-years-old.
“Ever since then I worked here and I’ve been involved with the family business in some shape or form,” CJ says. “I’ve done every task and every duty here except for auctioneer – I can’t talk that fast.”
Just three years ago, CJ took over the managing role of Delaware Auto Exchange, with a goal of introducing simulcasting to their auctions. That means dealers across the nation, and all over the world, can bid at their auctions online on the computer or at their desks.
“A lot of people are busy with the influx of the car market going up right now you’re tied to your desk a lot of times so now this opens up a whole new avenue to get a lot nicer vehicles at auction not only that but he gives us an much broader reach to dealers we probably couldn’t reach before.”
CJ says they could potentially reach over 70,000 dealers with simulcasting, up from the 1000 they currently reach. But they haven’t forget about the public.
“The public can still shop here it just means you might have a dealer out in California bidding on the same car as you. Obviously the good thing for our public is a guy that’s a little further away probably can’t pay as much as you can for the car because he still has to transport it and the fees to get it out of the sale and everything along that nature,” CJ says. “It still protects our public but it enhances the features for our dealers.”
While CJ is busy growing the business, he hasn’t forgot the man that got him into it in the first place.
“It feels awesome to know that pop, he had the first 20 years here, the next 20 or 30 or mine. He’s built the business incredibly and I can’t really express the gratitude that I have for him for even putting me in charge of what he has. I was 20 years old when I officially took over the business and I’ve taken it and run with it.”
Delaware Auto Exchange Auctions are every Thursday night starting at 6:30 pm.
