The Used Car wholesale market works on “bid -ask” price basis just like the stock market. Wholesale used car prices can only be seen by used car dealers at dealer only car auctions.
SelectCar is being developed as an “as sold” price price comparison site. Specific prices will be added soon. These prices will be displayed by web sub-domain. For example, Ford prices will be shown using the URL ford.selectcar.com
Selectcar started as a “no haggle” fixed price, physical used car dealer. Local banks used SelectCar posted price data to validate the inventory value for other used car dealer dealer floor plans. Consumers checked the SelectCar web site and the physical lot to determine a fair trade in value of their car.
SelectCar believes there is value to actual “as sold” used car price data. The “asking price”, the posted price of a used car is not as valuable as the actual recorded price. The actual as sold price must be used to calculate state sales tax.
The name selectcar.com (circle r) is a registered federal trademark for an on-line Automobile Dealership Services.