The Canadian Auto Xchange Network will significantly improve a Member Dealer’s retail customers overall opinion of the used vehicle industry. When a customer can receive an accurate “real time” current market value on their used vehicle within minutes the Member Dealer will have professionally and quickly attained the highest possible value for their customer’s vehicle. This creates customer confidence that the used vehicle has been "shopped" without the customer ever leaving the dealership and significantly increasing the probability of a new vehicle sale.

Imagine a Dealer Principal having $2,000,000 worth of inventory on the books and not being sure of the Actual Cash Value ("ACV"). Today, this is the reality of the used vehicle industry. A Dealer Principal, in order to establish ACV, has to trust that the used vehicle manager is accurate in their estimates of their used vehicle inventory. Using the Canadian Auto Xchange Network, a Member Dealer can accurately calculate the ACV of their inventory and immediately identify problems and opportunities. Given the high turnover of management in the automotive industry, the Member Dealer can significantly lower the dependency on one person and thus, lower the exposure to risk of an inaccurate inventory valuation.

Today, a dealership generally waits until used vehicles reach a certain age in inventory and then decides on a means of disposal. For example, when a used vehicle has been on the lot for 90 days, it is time to get rid of it. This usually means hiring drivers, cleaning the vehicles and arranging to offer them for sale at an automobile auction. Each vehicle that is taken to an auction is generally charged an entry fee and then sits for days until the sale day. A vehicle that is not in inventory probably will not be sold retail (out of sight out of mind). As a result any vehicle out of inventory is a missed opportunity. On the auction sale day, the Dealer presents his/her vehicles in person and decides whether to sell or not, based on the bids obtained. Based on an average of 50% sold vs. vehicles offered, 5 out of 10 of a Dealer’s used vehicles do not sell. However, they still have paid an entry fee on every vehicle offered for sale. For the vehicles that are sold the "Sell Fee" can be as much as $200 per vehicle. The Canadian Auto Xchange Network’s simple and easy-to-use LiveNetTM reduces the time, effort and, most importantly, cost of selling used vehicle inventory.

On the Canadian Auto Xchange Network, Member Dealers simply request bids on each used vehicle they are interested in selling - 24 hours a day, 7 days a week. They view the top bids and click the "Book this Quote" button. They are charged only on the vehicles they decide to sell and can request prices on as many vehicles as they want.

A new vehicle salesperson at a dealership often has the perception that not enough money was, or will be, paid for their customer’s used vehicle trade-in. This lack of confidence is reflected in the way a new vehicle salesperson negotiates with a retail customer and confidence is the common denominator amongst the industry’s top performers. New vehicles sales are lost because a salesperson does not believe that a used vehicle trade-in was seriously appraised and the highest price obtained. The Canadian Auto Xchange Network guarantees that every used vehicle trade-in was exposed to numerous professional buyers in many different markets. By using the Canadian Auto Xchange Network the new vehicle salesperson at a Member Dealer now knows that the price for the used vehicle trade-in is the highest possible value and, therefore, focuses all of their skills in confidently and professionally presenting an offer to the retail customer.

Today, a used vehicle manager bases an appraisal on an average of one to three opinions. If these opinions satisfy a retail customer, a new vehicle is sold. If however, the customer does not believe the appraisal is accurate or is for enough money, the new vehicle sale can collapse, unless the used vehicle manager decides to increase the trade-in value. This entire transaction is based on a few outside opinions, and the profit for the Dealer Principal is held in the hands of the used vehicle manager with a limited amount of resources, through no fault of their own. In less time than it takes to make a few calls the Canadian Auto Xchange Network empowers the used vehicle manager to expose the same vehicle to our network of hundreds of buyers. The bids received back are “real time” market values, with the highest value being, on average, $800 more than the used vehicle manager would receive from their own buyers. This extra money significantly increases the probability of a new vehicle sale.