DEALER Trade™ signs Mitsubishi.
DEALER Trade Holdings Limited has signed an agreement with Mitsubishi Motors to auction their manufacturer-owned vehicles on the Dealer Trade™ listing platform.
The agreement will see Mitsubishi in Australia now use Dealer Trade™ to auction their manufacturer-owned vehicles to their 190-plus franchisees in a move that is said to lower costs and streamline the distribution of their vehicles by creating an nation-wide auction in a closed network.
According to Dealer Trade™ chairman Wayne Myers, the Dealer Trade™ platform has signed up more than 35 per cent of the Australian motor dealer market since launching late last year.
“The Dealer Trade™ app has the benefit of making dealers more efficient in how they transact and minimise the reliance on auction houses,” Mr Myers said.
The Dealer Trade™ Australian-developed mobile app allows dealers to 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 trade-in, wholesale or surplus stock on the app to other dealers that are in need of that particular vehicle based on a set of preferences.
Dealer Trade Holdings is an unlisted public company based in Brisbane and is building to a possible Australian Securities Exchange listing in late 2017 after completing its product expansion into the US and the UK.
“As our product portfolio expands, we are now the only company to have introduced a full suite of products providing a thorough history for a broad range of vehicles and watercraft,” Mr Myers said.
Dealer Trade™ also launched CarRecord ® in 2016 to offer a suite of vehicle information products in conjunction with Glass’s Guide. CarRecord ® offers car history products including values, written off vehicle register and Personal Property Securities Register or encumbrance status.
Dealer Trade™ has also recently launched Vehicle Market for consumers and dealers in a bid to compete with both Carsales and Carsguide.
A claimed advantage is that by using individual IP addresses for each listing, a vehicle can be searched for specifically with access available from their search engine without having to trawl through pages of results.