CARFAX Canada Launches a NEW Tool to Simplify Inventory Acquisition for Dealers

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Postmedia has not reviewed the content. by Business Wire CARFAX Canada Launches a NEW Tool to Simplify Inventory Acquisition for DealersAuthor of the article:THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountLONDON, Ontario — CARFAX Canada is introducing a new tool that helps dealers source the right inventory and expand their acquisition reach beyond traditional channels by using CARFAX Canada’s trusted data and insights.In June, CARFAX Canada Used Vehicle Market Insights revealed that although used vehicle inventory increased going into the summer, supply remains constrained today and dealers still face challenges sourcing the right inventory.“It takes a lot of time to figure out what to buy, at what price, and from where, making sourcing and acquisition a full-time job for dealers, a responsibility that normally sits on a manager who has other priorities,” said Shawn Vording, President at CARFAX Canada. The result? Dealers may miss acquisition opportunities across wholesale vehicles, service-lane acquisition, and customer trade-ins. “Our dealers told us they need a more efficient way to analyze many vehicles and determine which ones are high-profit and fast-turn acquisitions, and our Sourcing tool does exactly that. It makes it easier for dealers to find the most profitable vehicles and spend much less time analyzing potential inventory.”Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againCARFAX Canada Sourcing is a new tool that enables Canadian dealers to analyze high volumes of potential acquisitions from multiple sources in minutes by providing unique, data-backed insights. It allows the dealers to analyze VINs and filter them by vehicle and profitability attributes, letting them short-list the best cars for their lot. It helps dealers expand their view on what they should buy while spending less time analyzing VINs one-by-one.CARFAX Canada, a part of Mobility Global (NYSE: MBGL), is Canada’s definitive source of automotive information, delivering vehicle history, valuation and service solutions. Drawing on billions of data records from thousands of sources, its products enable used vehicle buyers, sellers and vehicle service providers to make informed decisions. CARFAX Canada is dedicated to transparency and is trusted to provide vehicle history, valuation and service information to dealerships, vehicle manufacturers, consumers, service shops, major auctions, governments, insurance providers and police agencies.Mobility Global is the world’s standard for automotive information, providing critical data and analytics across the full vehicle lifecycle. Mobility Global supports the world’s major automotive manufacturers, suppliers, dealer groups, media, financial institutions, and consumers with data, forecasts, insights, technology, and innovation. For more information, visit mobilityglobal.com.Connect with CARFAX Canada on Instagram, Facebook and LinkedIn.View source version on businesswire.com: Manager, Public Relations and Social MediaThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.