DealerMine Corporation Surpasses 1500 Customer Milestone

The obsolescence reduction services company continues momentum moving into 2011

PORTLAND, Ore. Feb. 15, 2011 - DealerMine Corporation a provider of obsolescence reduction services for auto dealers, achieves a milestone, announcing it has over 1,500 customers using the service.

DealerMine's web-based service helps auto parts managers turn their idle stock into sales by connecting buyers and sellers within their vast network. Parts Managers using DealerMine can quickly liquidate their slow moving, excess parts and purchase their faster selling parts at half the cost of ordering from the manufacturer. Industry statistics suggest that 85% of parts that sit idle for 9 months will not sell, and at 12 months and the holding cost is about equal to the profit margin*. DealerMine helps parts departments recoup their investments quickly, increasing profits for the dealership.

Dave Kohl, parts manager of Harper Motors in Eureka, CA has this to say, "When I started, my obsolescence was well over 25%. With the help of DealerMine and their vast knowledge of matching buyers with sellers, I had my inventory clean in no time. Now it's down to a managed 3%."

Managing parts inventory and anticipating demand can be a challenge. DealerMine aims to provide a simple solution for Parts Managers to build a more efficient and sustainable profit center. The service is easy to use, with no hidden fees or monthly costs. Parts departments reap benefits quickly, with deals being produced in as little as minutes due to DealerMine's extensive database, data collection abilities and hands-on customer service.

"It never pays to hold onto obsolescence when there's a market for it," said Mark De Lucia, president of DealerMine. "Our focus has been to simply create the opportunity for our customers to profit from what would otherwise be collecting dust. We've been focused on creating a simple, easy to use solution that produces immediate results for our customers. We're happy to see from our rapidly growing customer base that we're succeeding in doing just that."

DealerMine specializes in Ford, GM, Chrysler and import dealerships.