How do I hand over my used car lot’s online listings and reviews?
List every online account the lot depends on: marketplace dealer accounts, website, inventory feed, review profiles, social pages and the main phone number. Note who holds each login and in whose name it is registered, then plan the transfer with your buyer. Reviews stay with the profile, so the profile has to move intact.
For a used car lot, much of the front door is online. Shoppers find vehicles on marketplace sites, check the lot’s reviews and then call. If those accounts are in your personal name or on a staff member’s email, the buyer may open for business and find them out of reach. List each online profile, who runs it and how access passes over.
Make one list of accounts
Write down every account: marketplace dealer accounts, the website and its hosting, the inventory feed that pushes vehicles to those sites, review profiles, social pages, the business phone number and the main email. Beside each one, record who holds the login, whose email is on it and who pays for it. Include anything a former employee or marketing firm set up. Surprises usually hide in that last group.
Move ownership, not just passwords
Sharing a password is not a transfer. Where you can, change the account owner or add the buyer as an administrator, then remove your own access at closing. Some marketplaces tie dealer accounts to a business and require their own steps, so ask each one how a change of owner works. Keep the phone number if you can. Customers and listings both point to it.
Keep the reviews attached
Reviews are part of the lot’s reputation. Check each platform’s terms before closing or recreating a profile, as reviews may not carry over. Ask the buyer how they want the business name shown. Reply to any open complaints before closing so the buyer starts with a clean record. Tell the buyer about any dispute or pending review request.
Agree on a switchover day
Pick a date and a person on each side. Update the inventory feed so vehicles sold before closing come down and the buyer’s stock goes up. Check the contact details shown to shoppers. After the date, test each account together. Then ask your lawyer to list in the sale agreement which accounts and names are part of the sale. Customer records can be handled in the same plan.
Related reading
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Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentAfter buying a business, what is the next step?
- 02Business Development Bank of CanadaGovernmentUnderstanding post-merger operational integration
- 03Business Development Bank of CanadaGovernmentMajor pitfalls to avoid when negotiating a purchase agreement
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