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DealerIndustry.com Launches Dealer-to-Dealer Auction Site

April 22, 2008

Orlando, Fla. DealerIndustry.com has unveiled a new dealer-to-dealer, live-auction Website aimed at helping dealers sell excess new-car inventory. The new site comes after two years of planning, as it not only manages a dealer’s inventory, but also the floor plan, according to the company.

“DealerIndustry.com empowers each dealer with the ability to network with dealers all over the country," said officer Simon Soaf. "Dealerships have been buying and selling inventory from each other for a long time. New car dealerships understand that most brokers only network with limited groups of dealers they have relationships with. The brokers’ network of dealers that they usually depend on, may not want to buy or sell at the exact moment hundreds of dealerships are experiencing immediate new car inventory issues. ... Now, with DealerIndustry.com, an automotive dealer can move their aging vehicles quickly and efficiently to other dealers who need them.”

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