CDK Global Introduces CDK CarSource Wholesale Marketplace
February 02 2022 - 8:30AM
Business Wire
Digital platform integration with CDK Drive
saves dealers time and money with automated used vehicle listings
and low transaction fees
CDK Global, Inc. (Nasdaq: CDK), a leading automotive retail
technology company, today introduced CDK CarSource, an online
wholesale marketplace that connects dealers to used vehicle
inventories nationwide through a seamless integration with CDK
Drive, the industry’s leading dealership management system (DMS)
used at more than 9,100 retail locations.
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The new solution is an added benefit to dealers using CDK Drive
that creates opportunities for time and money savings. It enables
automated inventory listings to the marketplace from a large,
trusted network of actively governed and screened sellers
nationwide. It also allows all dealers—including those using other
dealer management systems—to search or bid on vehicles at no cost
and offers the most competitive wholesale transaction fees with
discounts for CDK customers.
“With the demand for used vehicles at an all-time high,
wholesale and used inventory management are top priorities for many
dealers,” said Joe Tautges, chief operating officer, CDK Global.
“With CDK CarSource, we are partnering with dealers to help them
maintain an ideal used vehicle inventory, while reducing the time
and cost associated with listing their current inventory and
sourcing additional vehicles. This is another great example of how
we are leveraging our unique position within the automotive
ecosystem to create a seamless, integrated experience across all
aspects of selling, buying and owning a vehicle—from sourcing to
retail sale, and beyond.”
Features of CDK CarSource, include:
- CDK Drive Integration—Sync available inventory from CDK
Drive to list and buy instantly without having to rekey deals
- Mobile App—Manage remarketing solutions on-the-go
- Expert Wholesale Management—Dedicated wholesale experts
monitoring opportunities tailored to a dealer’s inventory
goals
- No Exclusivity—List used vehicles on the marketplace and
continue to sell them at retail
Dealers with CDK Drive interested in integrating their
inventories into CDK CarSource can contact their sales
representative or visit CDK at NADA Show 2022 in booth 2901W.
Dealers interested in searching and bidding on vehicles can
visit CDKCarSource.com.
About CDK Global, Inc.
With approximately $2 billion in revenues, CDK Global (NASDAQ:
CDK) is a leading provider of retail technology and software as a
service (SaaS) solutions that help dealers and auto manufacturers
run their businesses more efficiently, drive improved profitability
and create frictionless purchasing and ownership experiences for
consumers. Today, CDK serves over 15,000 retail locations in North
America. For more information, visit cdkglobal.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220202005014/en/
Media Contacts: Tony Macrito 630.805.0782
Tony.Macrito@cdk.com
Investor Relations Contact: Reuben Gallegos 847.485.4012
Reuben.Gallegos@cdk.com
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