ATLANTA – To further enhance transaction speed, RMS Automotive and vAuto are making the evaluation and acquisition of manufacturers’ premium off-lease and off-program vehicles more convenient for dealers.
The partnership integrates open sale inventory listed on manufacturers’ digital sales platforms powered by RMS Automotive into vAuto’s Stockwave tool. This enables dealers to save time sourcing high-quality used vehicles and manufacturers to greatly increase exposure of their inventory to Stockwave’s growing buyer base.
“Our partnership with vAuto is another example of how RMS Automotive leverages its connectivity to other Cox Automotive brands to drive more informed decision-making for our clients,” said Nick Peluso, president of RMS Automotive. “This initiative provides dealers unequalled access to pre-auction inventory and helps manufacturers accelerate transactions by channeling the right vehicles to the right dealers at the right time.”
Having opened its online remarketing channel to all dealers last summer, BMW Financial Services NA LLC is among the first commercial consignors to incorporate their wholesale inventory into Stockwave. For Stockwave dealers, the integration means they can view pre-auction inventory found on BMWGroupDirect.com in customized search streams that allow them to rank vehicles or vehicle types by cost, availability and other factors to aid in their purchase decisions. It also helps BMW Financial Services better manage the buying experience through its branded marketplace by leveraging Stockwave’s broad dealer audience, officials said.
“The collaboration with RMS Automotive is part of the Stockwave promise – that we make the task of acquiring wholesale inventory more efficient and profitable for dealers,” says Randy Kobat, senior vice president of Inventory Software Solutions for Cox Automotive’s Retail Solutions Group. “The first step, of course, is having all wholesale inventory in one place. Our partnership with RMS Automotive brings us another step closer to this important goal.”
Stockwave’s inventory stream includes nearly 300,000 auction vehicles through deep, direct integrations with leading auctions across the country. The Stockwave team is also working to integrate wholesale inventory from other OEM-related sources, officials said.