Bob Gaito, Chief Executive Officer at Auction Central and Principal at Exit5 Auto Group, shares his unique auction and dealership experience in this week’s episode. Bob dives into how online auctions operate and the role of auctions in the automotive industry. He also discusses the different career options available for technicians in the auction world, and provides advice for shops looking to buy and sell inventory. (9:51) Layout of an Online Auction (26:02) Auction Technician Career Opportunities (31:05) Keeping Buyers & Sellers Honest (38:32) Challenges of Running an Auction (50:28) Advice for Buyers & Sellers (55:14) Future of Auction Business Resources: WrenchWay Shop Memberships - A Better Way to Hire Automotive & Diesel Technicians Download the free WrenchWay mobile app: App Store Google Play About Our Host: Jay Goninen Co-Founder & President, WrenchWay [email protected] | 608.716.2122 About Our Guest: Bob Gaito Chief Executive Officer,  Auction Central & Principal, Exit5 Auto Group [email protected] Sponsor: OK. Your customer’s engine or transmission has failed. But now is not the time for them to trade their vehicle – not without a working engine or transmission. Besides, would they have kept their vehicle another 3-5 years if their engine or transmission had not let them down? If you answered “yes” then Jasper Engines and Transmissions is your choice to give your customer’s vehicle new life and many thousands of miles of enjoyable driving performance. When considering the high cost of a new or newer used vehicle, there’s a pretty good case to be made for replacing a drive train component that has failed or is delivering poor performance – rather than trading their car, truck, van or SUV. Install a quality re-manufactured JASPER product for less than your customer would have to invest in a new vehicle or a newer used vehicle. Check out their website at jasperengines.com to learn more about the money-saving value of JASPER. Connect with us on social: Facebook Instagram Twitter LinkedIn YouTube TikTok