DealerMine service now available to Canadian dealers

DealerMine Corporation, provider of the obsolescence management service for auto dealers, announces its service is now available in Canada. The company says auto dealerships in Canada can now leverage DealerMine’s 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 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 convert those lost opportunities into new sales and profits. The website, hands-on customer service, and extensive network of parts buyers and sellers enables Parts Managers to experience results quickly and hassle free, says the company.

“Thanks to DealerMine, in less than two months we reduced our obsolescence by almost 10 per cent — 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, Ont. “It’s an extremely easy system to use and I would highly recommend DealerMine to any store that has over 10 per cent 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, Man. has been using DealerMine for more than 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 U.S. 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.”

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