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DealerMine Announces New Enhancements

May 3, 2011

DealerMine Corporation (www.dealermine.com), provider of the obsolescence management service for auto dealers, announces new enhancements to its service, helping customers reap more profits from their idle inventory, faster and with less hassle.

DealerMine’s web-based service helps auto parts managers manage their idle stock and convert it into working capital by connecting buyers and sellers. The latest release includes improved data collection abilities creating a faster, more efficient process. Daily updates ensure buyers in the network view the most up-to-date parts inventory, creating more sales opportunities and profits for the dealership. The key benefits to Parts Managers include:

• Saves time: Parts managers no longer need to create and send a parts list.
• Security: Improved collection abilities ensure data remains secure.
• Timeliness: Real-time data helps managers make important stocking decisions and takes the guesswork out of purchasing decisions.
• Data accuracy: The automated process ensures we have your most up-to-data and ensures orders are precise.

As parts approach 6-9 months in age, the odds of selling dramatically decrease. Industry statistics suggesting that at 12 months, parts are obsolete. Parts Managers using DealerMine can quickly sell their idle stock and recoup some of their investment and purchase their faster selling parts at half the cost of ordering from the manufacturer.

“Our new enhancements streamline the process and make it easier and faster for Parts Managers to boost profits,” said Mark De Lucia, president of DealerMine.
“We know how busy Parts Managers are and obsolescence can build up quickly. Our goal is to help them do their job more efficiently and profitably.”
Managing parts inventory and anticipating demand can be a challenge. DealerMine aims to provide a simple solution for Parts Managers to build and maintain a sustainable profit center. The service is easy to use, with no hidden fees or monthly costs.  DealerMine specializes in Ford, GM, Chrysler and import dealerships. For more information, visit www.dealermine.com.

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 1,500 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.

5/3/11

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