CarJockey.com reaches 3000 unit mark

Kentucky-based CarJockey.com, the Internet's largest wholesale used vehicle network for franchised dealers, this week said the company has exceeded 3000 vehicles in its dealer network. CarJockey.com is powered by HomeNet's Inventory Online (IOL) system.

Network fees are completely success based; members pay no setup fees, no monthly fees, and no listing fees. Dealers eliminate excess inventory without additional maintenance and purchase retail-ready vehicles with confidence from reputable franchised dealers, the company said.

"Our dealers now have access to 10 times the number of franchise dealer's vehicles they might see at a traditional auction on a weekly basis. They are available 24 hours a day and all vehicles come with a guaranteed vehicle condition report," said John Moore, founder of CarJockey.com.

"We will increase the inventory immensely over the next year, but the growth in usage, the increase in completed transactions and our overall dealer response is most encouraging."
In a recent survey, more than 90 percent of CarJockey.com dealers rated the service as good to great, the company said in a press release. "We have found the system an excellent tool for both buying and selling vehicles. We have sold vehicles over 400 miles away and have access to retail ready vehicles from other franchised dealers," said Ryan Burton of Cain Motors in Canton Ohio.

CarJockey.com's unique system provides dealers a human component to the process and allows buyers and sellers to complete transactions at market values efficiently. Utilizing the dealers' current data management systems, CarJockey.com automatically loads the dealer's excess inventory in the Network. Buyers can search the inventory and make offers based on market values for vehicles that fit their desired inventory or customer specific vehicles. CarJockey.com's automated notification system then alerts sellers when a legitimate offer has been established.

Currently most vehicles in the system are in a six state area, including Kentucky, Tennessee, Georgia, Indiana, South Carolina and Ohio.

"We have spent the last six months learning from our dealers and building the system around their needs, we will be expanding our marketing in the very near future. We hope to grow our presence in California, Florida and the Southwest markets soon. Based on recent growth and our expectations, we plan to have over 1500 dealers and 20,000 vehicles by the end of 2007," said Moore.

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