Australia’s Dealer Trade Holdings Limited has signed a lucrative agreement to supply vehicle history reports in the large US vehicle market through its CarRecord.com subsidiary.
In the deal with J.D. Power Valuation services in the US, which will combine vehicle history information with values, Dealer Trade according to its chairman Wayne Myers “is making the process of compiling the total history and pricing of a vehicle much easier, saving customers time and money.”
J.D. Power Valuation provides NADA (National Automobile Dealers Association) vehicle values by using auction and retail sales transactions—and review asking prices and other relevant information—to accurately value vehicles.
There were 38.5 million vehicles sold in the second-hand market in the USA in 2016.
Mike Stanton, vice president and general manager at J.D. Power Valuation Services said, “We are excited to work with Dealer Trade Group to integrate our accurate, dependable and trusted pricing in their CarRecord product. The integration helps make the selling and buying process more efficient for all involved.”
This is the first time vehicle history and valuation information has been available together on the one platform. The US vehicle history report will be available on www.usacarrecord.com
Mr Myers said that as well as launching in the USA, CarRecord would be entering the UK and New Zealand markets by the end of April 2017.
Dealer Trade Holdings is an unlisted public company headquartered in Brisbane and is considering a possible Australian Securities Exchange listing in 2017.
Dealer Trade set up CarRecord.com.au in 2016 to offer a suite of vehicle information products to the Australian consumer. CarRecord offers a complete car history product including values, written off vehicle register and Personal Property Securities Register (PPSR) or encumbrance status at up to almost half the cost compared to its two major competitors in the Australian market, and has the only suite of products in Australia that features reports on the entire collection of boats, jet skis, motorbikes, trucks, trailers, campervans and motorhomes.
Dealer Trade Cornering Online Vehicle Auctions For Motor Dealers
Dealer Trade has introduced an Australian-developed mobile app that is transforming the way motor dealers source their used vehicles by allowing them to bid directly on other dealers’ wholesale stock as soon as it is listed.
Dealers are also able to list their surplus stock on the app to other dealers that are in need of that particular vehicle.
Dealer Trade Holdings’ Wayne Myers said, “The Dealer Trade app has the benefit of making dealers more efficient in how they transact and minimise the reliance on wholesalers and auction houses.
“We’ve been successful in signing a large portion of dealers in Australia to the platform in just over a year.”
Dealer Trade Holdings has forged an agreement with technology firm Dealer Solutions which provides Dealer Trade as a native option alongside sites such as Gumtree, carsales.com.au and carsguide.com.au for dealers to upload sale vehicle details.
For more information visit: dealertrade.com.au
Main image copyright: stocksolutions / 123RF Stock Photo