Introducing Thoroughbred Dealer Service’s
Dealer Inventory Co-op Program
In August 2011 Thoroughbred Dealer Services will launch a free inventory co-op service for all of our valued customers. It is our goal to promote our dealers success and we believe this is just one big way we can say thanks.
We know that with the quality of dealers we do business with, this is sure to be a “game-changing” program for each who choose to participate. As an addition to our Dealer Advantage Program there is no cost to the dealer. The only requirement to participate is to be a customer for one of our many on-going services.
What is an Inventory Co-op?
In our case an inventory co-op begins with a collaboration of independent used car dealers. Separate collections of inventory are virtually combined, increasing channel efficiency. Demand by one party is fulfilled by available inventory owned by another party. Inventory-sharing is more than dumping dead inventory or living off others’ inventory investment – it is true synergy between peer dealers. For many independent dealers, inventory-sharing can be a game-changer.
An Inventory Co-op benefits independent dealers and their customers. It’s a win-win situation.
Participation – Be a Thoroughbred Dealer Service’s On-going Customer (Insurance/Tax/Dealer Support)
Program Rules –
- Dealer must have an inventory of 3 or more cars to qualify
- Dealers must list 100% of inventory or a minimum of 10 vehicles, lessor of the two
- ACV is NADA Trade-In (Properly Classified) with all additions/deductions
- Consigning dealer posts minimum acceptable offer, not to exceed NADA Retail (Properly Classified) with all additions/deductions
- The gross income exceeding ACV is split 60/40 owner/seller
- All consigned vehicles must follow Georgia code regarding title re-assignment
- All consigned vehicles must be sold with minimum 30 day 3000 mile warranty (Call for Program Information)
- Selling dealer is responsible for any transportation costs
- All vehicles must be paid for by seller prior to leaving owners lot. Titles must be “in-hand”