Skoda dealers now have access to a new remarketing platform which the brand hopes will enable them to dispose of their unwanted trade-ins or overage stock more effectively.
Skoda Market is the result of a partnership between Skoda UK and software firm Dealer Trade.
As a mobile app based service, it enables Skoda retailers to use tablet computers or mobile phones to list and offer the part-exchanges to more than 2,000 registered trade buyers at no cost, and Dealer Trade says the process from listing to sale typically takes less than three hours.
An additional function of a ‘closed’ network feature lets the dealers freely advertise overage franchise vehicles exclusively to other Skoda dealers.
Wayne Ryder, managing director of Dealer Trade, said: “We’re thrilled to be partnering with Skoda UK in providing their dealer network with a cost-effective online remarketing solution. This partnership will allow us to provide our online community with even greater volumes of good quality stock.”
Barney Butterell, Skoda UK national used car manager, added “ In a highly competitive used car market we are always looking for ways to help our retailers save money and increase profits. Dealer Trade offers an efficient and free disposal route for all vehicles potentially saving as much as £150 per transaction. At network level this can make a big difference.”
The network’s trade disposal costs are currently estimated at nearly £2.5m per year, and Ryder believes the free of charge Skoda Market solution will contribute to a significant saving.
Advertising is free of charge because buyers pay a fee of £50+VAT on their transaction.
ŠKODA UK has partnered with Dealer Trade to launch ŠKODA Market, an innovative remarketing solution for their dealer network.
Dealer Trade offers a fully mobile ‘app’ based service that ŠKODA retailers can utilise via their tablets or mobile phones to list and sell their part exchange vehicles for free. The process from listing to sale typically takes under 3 hours – significantly faster than most traditional disposal routes, saving time as well as money.
Furthermore, using the app’s ‘closed’ network feature, ŠKODA dealers can advertise over-age franchise vehicles exclusively for other ŠKODA retailers to purchase, promoting flexible movement of stock and retention of valuable ŠKODA vehicles within the network.
Dealer Trade provides a ‘free to sell’ facility which will contribute to significantly reducing the ŠKODA network’s trade disposal costs, currently estimated at nearly £2.5m per annum.
With the ability to list and sell a vehicle within a matter of hours, the Dealer Trade app also sends push notifications direct to user’s mobile devices listing upcoming auctions that match their preferences, so they don’t miss out on potentially valuable used stock.
Wayne Ryder, Managing Director of Dealer Trade (UK) said, “We’re thrilled to be partnering with ŠKODA UK in providing their dealer network with a cost-effective online remarketing solution. This partnership will allow us to provide our online community with even greater volumes of good quality stock.”
Barney Butterell, (ŠKODA UK) National Used Car Manager, added: “In a highly competitive used car market we are always looking for ways to help our retailers save money and increase profits. Dealer Trade offers an efficient and free disposal route for all vehicles potentially saving as much as £150 per transaction. At network level this can make a big difference.”
Dealer Trade Holdings is an unlisted public company headquartered in Brisbane, Australia completing a product expansion into the United Kingdom in 2017 and with the launch of Car Record in the United States in July 2018.
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.
THE billion-dollar vehicle auction market is facing an “Uber” moment, according to the founder of a Queensland start up that has created an online market place for car dealers.
Dealer Trade™, which allows car dealers to display surplus stock on an app rather than transporting them to a traditional auction yard, has already signed up more than 1000 dealers since being launched last year.
The company, chaired by veteran director Wayne Myers, is now planning a listing on the ASX either later this year or in 2018 as it expands its operations.
“After a period of time if a vehicle is not selling, a dealer will pay to off load it to a wholesaler or send it to auction,” said Mr Myers. “We are like the Uber of the auction industry. We cut out the auction house and the wholesalers by allowing dealers to upload stock onto our app.”
Mr Myers said the system took the physical cost of dealers sending cars to auction houses. Dealers currently could spend up to three days each week attending local dealer motor auctions and pay an auction fee of between $100 and $150 for each vehicle bought.
“With our platform all that goes and the car stays where it is until another dealer buys it,” he said, adding they also could buy from government, hire car and corporate fleets. Dealer Trade™ boasts it has now signed up a third of the dealers in Australia for its app.
The company also has a subsidiary called CarRecord ® which provides online property and security reports on everything from cars and motor bikes to jet skis and motorhomes.
Mr Myers said the company has just sealed a deal to provide the reports to people buying vehicles on Gumtree and to the National Automobile Dealers Association (NADA) in the US.
He said people buying a vehicle are able to check whether it is not stolen, on the written off register or has money owing.
Mr Myers is a former executive chairman of Australian Water Queensland and a former director of state-owned energy retailer Ergon.
See the original article here at The Courier Mail.