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The Canadian Auto Xchange Network (“CAXN”) is unique in the Canadian used vehicle industry. It has been developed by Canadian Dealers to assist other Canadian Dealers by taking the guess work out of used vehicle trade-ins, retailing, appraisals and inventory management. By using the tools and features of the CAXN, including the real time used vehicle auction portal, LiveNet™, Member Dealers are able to streamline their used vehicle operations while at the same time increase their dealership profits. The used vehicle market in Canada is experiencing unprecedented market turbulence. Recent announcements from major manufacturers that they are closing their leasing businesses highlight this point. The shift in the market, the speed of the shift, and the recent fluctuations of used vehicle pricing make it all the more critical to have the Canadian Auto Xchange Network as an integral part of your dealership “In the last six months or so, a lightning-fast consumer shift away from SUVs and trucks to fuel-efficient cars has slashed the residual values of large vehicles, from more than 50% of new-car value on three-year leases to the low-30% range in the last year.” The “real-time” market value of used vehicles is changing daily. Dealerships can no longer rely on out-dated market guides, historical market data websites, and the opportunistic bids of a couple of local wholesalers to value trade-ins and their inventory. It’s time turn to the Canadian Auto Xchange Network to receive up-to-the minute, real-time values on used vehicles. The Canadian Auto Xchange Network - “Real Bids in Real Time”. |
