Wheels has successfully completed a SOC 2 Type 2 examination, conducted by leading attestation and compliance auditing firm Schellman & Company, LLC.
System and Organization Controls (SOC) is a globally recognized audit of information systems designed by the American Institute of CPAs (AICPA). To be deemed compliant, organizations must follow strict adherence to best practice security policies and procedures.
There continues to be constraints on vehicle acquisition markets. In previous posts, we detailed how 2021 OEM production halts, superconductor chip shortages, and foam seating shortfalls have reduced the availability of new vehicles. At the same time, the demand for vehicles returned to pre-coronavirus levels. As a result, vehicle inventory at new vehicle dealerships has been depleted and we are finding a shortage of new vehicles available for out-of-stock purchases.
Sheryl Sawyers, senior director of vehicle acquisitions at Wheels, shares tips for acquiring vehicles.