LONDON, Ontario: CARFAX Canada is introducing a new tool that helps dealers source the right inventory and expand their acquisition reach beyond traditional channels by using CARFAX Canada’s trusted data and insights.

In June, CARFAX Canada Used Vehicle Market Insights revealed that although used vehicle inventory increased going into the summer, supply remains constrained today and dealers still face challenges sourcing the right inventory.

“It takes a lot of time to figure out what to buy, at what price, and from where, making sourcing and acquisition a full-time job for dealers, a responsibility that normally sits on a manager who has other priorities,” said Shawn Vording, President at CARFAX Canada. The result? Dealers may miss acquisition opportunities across wholesale vehicles, service-lane acquisition, and customer trade-ins. “Our dealers told us they need a more efficient way to analyze many vehicles and determine which ones are high-profit and fast-turn acquisitions, and our Sourcing tool does exactly that. It makes it easier for dealers to find the most profitable vehicles and spend much less time analyzing potential inventory.”

Sourcing:

CARFAX Canada Sourcing is a new tool that enables Canadian dealers to analyze high volumes of potential acquisitions from multiple sources in minutes by providing unique, data-backed insights. It allows the dealers to analyze VINs and filter them by vehicle and profitability attributes, letting them short-list the best cars for their lot. It helps dealers expand their view on what they should buy while spending less time analyzing VINs one-by-one.

About CARFAX Canada

CARFAX Canada, a part of Mobility Global (NYSE: MBGL), is Canada’s definitive source of automotive information, delivering vehicle history, valuation and service solutions. Drawing on billions of data records from thousands of sources, its products enable used vehicle buyers, sellers and vehicle service providers to make informed decisions. CARFAX Canada is dedicated to transparency and is trusted to provide vehicle history, valuation and service information to dealerships, vehicle manufacturers, consumers, service shops, major auctions, governments, insurance providers and police agencies.

Mobility Global is the world's standard for automotive information, providing critical data and analytics across the full vehicle lifecycle. Mobility Global supports the world's major automotive manufacturers, suppliers, dealer groups, media, financial institutions, and consumers with data, forecasts, insights, technology, and innovation. For more information, visit mobilityglobal.com.

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Fonte: Business Wire