PORTLAND, Ore. – DealerMine Corporation, provider of the obsolescence management and discount buying service for auto dealers, announces the company now has over 2,000 customers in the U.S. and Canada using its service.
DealerMine added over 200 dealership customers in the last half of 2011 alone. DealerMine’s new customers joined the thousands of dealerships from top groups such as AutoNation, Sonic Automotive, Group 1 Automotive and Hendrick Automotive Group, who have been benefiting from DealerMine’s services to liquidate their idle parts inventory.
“We had an exciting past year at DealerMine,” said Mark De Lucia president of DealerMine. “We grew our client base significantly, entered new markets and added new employees. We have some exciting new developments planned for 2012 that will create a considerable amount of new opportunities for our currentcustomers and help them prosper in 2012.”
DealerMine’s web-based service provides parts managers with a streamlined solution to identify and liquidate slow moving, excess parts and reduce obsolescence. Industry statistics suggest that 85% of parts that sit idle for 9 months will not sell, and at 12 months and the holding cost is about equal to the profit margin* By converting idle stock into working capital, parts managers can create opportunities for new sales and profits.
For more information, visit booth #3346 at The NADA Convention and Exposition in Las Vegas, NV, Feb. 3-6, 2012. Internationally recognized expert and consultant for fixed operations and parts departments, Mike Nicholes, will be conducting complimentary parts inventory reviews for DealerMine booth visitors.
* Professional Inventory Management, by Mike Nicholes
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 2,000 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.