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CDK Global Introduces CDK CarSource Wholesale Marketplace
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Rhea-AI Summary
CDK Global has launched CDK CarSource, an online wholesale marketplace designed to streamline the used vehicle inventory process for dealers. This integration with CDK Drive automates inventory listings from a vast network of trusted sellers, promoting significant time and cost savings. Dealers can bid on vehicles at no cost and benefit from competitive transaction fees, especially if they are CDK customers. This initiative responds to the increasing demand for used vehicles and aims to enhance the purchasing experience across the automotive ecosystem.
Positive
Introduction of CDK CarSource enhances dealership inventory management.
Automated inventory listings from a trusted network save time for dealers.
Dealers can participate at no cost, free from exclusivity restrictions.
Negative
None.
Digital platform integration with CDK Drive saves dealers time and money with automated used vehicle listings and low transaction fees
HOFFMAN ESTATES, Ill.--(BUSINESS WIRE)--
CDK Global, Inc. (Nasdaq: CDK), a leading automotive retail technology company, today introduced CDK CarSource, an online wholesale marketplace that connects dealers to used vehicle inventories nationwide through a seamless integration with CDK Drive, the industry’s leading dealership management system (DMS) used at more than 9,100 retail locations.
The new solution is an added benefit to dealers using CDK Drive that creates opportunities for time and money savings. It enables automated inventory listings to the marketplace from a large, trusted network of actively governed and screened sellers nationwide. It also allows all dealers—including those using other dealer management systems—to search or bid on vehicles at no cost and offers the most competitive wholesale transaction fees with discounts for CDK customers.
“With the demand for used vehicles at an all-time high, wholesale and used inventory management are top priorities for many dealers,” said Joe Tautges, chief operating officer, CDK Global. “With CDK CarSource, we are partnering with dealers to help them maintain an ideal used vehicle inventory, while reducing the time and cost associated with listing their current inventory and sourcing additional vehicles. This is another great example of how we are leveraging our unique position within the automotive ecosystem to create a seamless, integrated experience across all aspects of selling, buying and owning a vehicle—from sourcing to retail sale, and beyond.”
Features of CDK CarSource, include:
CDK Drive Integration—Sync available inventory from CDK Drive to list and buy instantly without having to rekey deals
Mobile App—Manage remarketing solutions on-the-go
Expert Wholesale Management—Dedicated wholesale experts monitoring opportunities tailored to a dealer’s inventory goals
No Exclusivity—List used vehicles on the marketplace and continue to sell them at retail
Dealers with CDK Drive interested in integrating their inventories into CDK CarSource can contact their sales representative or visit CDK at NADA Show 2022 in booth 2901W.
Dealers interested in searching and bidding on vehicles can visit CDKCarSource.com.
About CDK Global, Inc.
With approximately $2 billion in revenues, CDK Global (NASDAQ: CDK) is a leading provider of retail technology and software as a service (SaaS) solutions that help dealers and auto manufacturers run their businesses more efficiently, drive improved profitability and create frictionless purchasing and ownership experiences for consumers. Today, CDK serves over 15,000 retail locations in North America. For more information, visit cdkglobal.com.
What is CDK CarSource and how does it help dealerships?
CDK CarSource is an online wholesale marketplace that connects dealers to used vehicle inventories, allowing for automated inventory listings and cost-effective transactions.
How does CDK CarSource integrate with CDK Drive?
CDK CarSource seamlessly integrates with CDK Drive, enabling dealers to sync their inventory for instant listings without rekeying deals.
What are the transaction fees associated with CDK CarSource?
CDK CarSource offers competitive wholesale transaction fees, with discounts available for CDK customers.
When was CDK CarSource launched?
CDK CarSource was introduced in a press release dated February 2, 2022.
