Carmigo-VINCUE partnership gives a boost to both platforms
Carmigo and VINCUE announced a partnership designed to give users of both platforms greater access to live data and a wider array of wholesaling options.
The integration allows Carmigo users to view recent retail transactions and average retail price for cars listed on Carmigo, powered by VINCUE’s live market data.
Carmigo will power VINCUE’s RetailScore, which shows dealers which cars in their inventory are likely to sell at retail and which are good candidates for wholesale.
VINCUE has also incorporated Carmigo into its Trade Network and Buying Plan, providing VINCUE dealers with access to used car listings available on Carmigo’s one-day auction and marketplace.
“We’re excited to be partnering with Carmigo to give users on both platforms access to better data and more options for buying and selling used inventory,” VINCUE founder, CEO and chief technology officer Chris Hoke said in a news release. “By working together, our dealers can make wholesale easier and more efficient.”
VINCUE’s inventory management system is designed to streamline the buying, appraising and selling process, and enable dealers to adopt a more scientific approach to inventory management.
“VINCUE is bringing a lot to the table for our dealers,” Carmigo CEO and co-founder Andrew Warmath said. “We want to make it easy for dealers to make informed buying decisions. Adding VINCUE live market data is a powerful tool to help our users buy smart.”
Carmigo users can buy and sell on one-day auctions or an untimed marketplace, and offers Carmigo Turn, which is designed to help dealers increase used inventory turn and protect their profits.