A new auction buying solution, exactbids, has been launched in the Australian and New Zealand market by Auto PARTnered Solutions, aiming to better suit an automotive recycler’s unique needs and save time sorting through auctions.
Automotive recycling businesses spend a great deal of time buying salvage – the process is time consuming and overwhelming trying to find the right cars and price. According to Auto PARTnered Solutions, even a good buyer will usually need to “price up” 100 cars to buy up to 10 at the right price, with the workload requiring a highly-paid employee or even the business owner to dedicate most of their time to it.
“So many automotive recyclers spend countless hours previewing auctions when their time could be better utilised to grow their business,” said Chad Counselman, former ARA President and now representing Auto PARTnered Solutions.
The company said Counselman, along with its own Chris Daglis, have teamed up to provide an easy-to-implement solution to these issues by utilising their years of automotive recycling industry experience and their investment into systems improvement.
Through exactbids, Auto PARTnered Solutions intends to help yards:
- Buy more cars based on the unique needs of their yard
- Buy better cars based on the needs of their customers
- Save time searching through auctions
- Ensure they have previewed all vehicles at all auctions
- Automate the process
Auto PARTnered Solutions says that with exactbids, it has worked closely with Manheim Auctions in Australia and New Zealand to provide a feed of all salvage, including images, through to Bid Buddy. Users upload the vehicles with the good parts and interchange chosen accurately and, within less than one minute, the whole auction list will be uploaded to their system. Cars are accurately ranked from best to worst with a QCI score as per the yard’s needs. The company also says integration for yards using Bid Buddy and Pinnacle is simple and seamless.
During a recent demonstration, Counselman uploaded, valued and ranked 106 vehicles in just six seconds – he his bid price ready and was prepared to bid on the ones with the highest QCI ranking, all in six seconds.
“I really want to free salvage yards from the [overwhelming situation] of buying salvage day in, day out,” said Daglis. “My daily mission as an automotive consultant is to provide simple solutions to benefit the industry – streamlining processes that traditionally have been very labour intensive and cumbersome. Often there is a better way and I think we have managed to provide that with exactbids. I can confidently say that using exactbids will allow members to buy better salvage, buy more salvage, find the right salvage unique to them and ultimately – which is what we all want – drive their profitability higher. It’s a no-brainer as far as I am concerned.”
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