PORTLAND – DealerMine Corporation, provider of the obsolescence management service for auto dealers, announces its service is now available in Canada. Auto dealerships in Canada can now leverage DealerMine’s easy to use, web-based service to reduce their investment in idle parts and manage their parts inventory more efficiently and profitably.
DealerMine provides Parts Managers with a streamlined, efficient system to identify and liquidate their slow moving, excess parts as well as purchase their fast moving parts at half the cost of ordering from the manufacturer. Idle stock means lost opportunities for parts departments. DealerMine helps Parts Managers easily convert those lost opportunities into new sales and profits. The user-friendly website, hands-on customer service, and extensive network of parts buyers and sellers enables Parts Managers to experience results quickly and hassle free.
“Thanks to DealerMine, in less than 2 months we reduced our obsolescence by almost 10% —something that would have taken us 5 to 6 months using our return allowance,” said Adam Clay Parts Manager for Eastway Chrysler Dodge Jeep in Toronto, ON. “It’s an extremely easy system to use and I would highly recommend DealerMine to any store that has over 10% obsolete stock.”
Obsolescence can contribute significantly to the profitability of the parts department. Holding costs and opportunity costs associated with idle parts sap profits. Parts that haven’t moved in 12 months are considered obsolete. DealerMine helps dealerships maximize profits in their parts department by turning obsolescence into working capital and reinvesting it in fast moving parts.
Don Gilman, Director of Fixed Ops at Birchwood Automotive in Winnipeg, MB has been using DealerMine for over a year. “DealerMine has provided us with an easy to use, effective way to liquidate our obsolescence,” said Gilman. “We would love to see more Canadian auto dealers using the service.”
“Last year we helped our US clients recoup millions of dollars from their obsolete parts,” said Mark De Lucia, president of DealerMine. “We’re pleased to offer our services to Canadian dealers and we’re dedicated to continued expansion through new channels and markets to bring even greater opportunities to all of our clients.”
For more information, visit www.dealermine.com
About DealerMine Corporation
DealerMine provides a web-based service to help dealerships reduce their investment in slow-moving idle parts inventory. Since 2006, DealerMine has helped dealers liquidate millions of dollars in obsolescence and manage parts inventory more efficiently and profitably. DealerMine serves over 1,500 customers today and continually strives to provide exceptional, consistent and superior products and services that help automotive dealerships create and maintain a sustainable profit center. www.dealermine.com.