Traditionally dealers have been forced to attend brick and mortar style auctions and incur all the added costs of travel, shipping of vehicles and exorbitant buy / sell fees associated with in-lane style auctions. “We knew if we could provide the same level of transparency of an in-lane auto auction by utilizing technology dealers could save time and thousands of dollars each month,” said Joe Kramer VP of Sales for Autoxloo.

In addition to being able to bid, buy now and make offers, Global Car Exchange will be the first wholesale marketplace to feature an on demand simulcast called Simcasts™. Dealers will be able to request a live video tour of any vehicle listed or join a session already in progress. This new technology compliments Autoxloo’s VIR™ Vehicle Inspection Reporting Tool with Grading to provide a level of transparency needed for dealers to purchase inventory online.

“Dealers agree that buying cars online is going to become the new norm,” said Jason Reaves President of Wayne Reaves. He went on to say, “dealers will now be able to reduce their carrying costs by sourcing inventory on the fly everyday as opposed to waiting for a weekly or monthly sale.”

3rd party inspection services will be available in select regions to all registered dealers on Global Car Exchange. The CR (condition report) will transfer to other online marketplaces like OVE, Adesa and Smart Auction via an optional AuctionLink™ service.

About Autoxloo

Autoxloo offers an extensive array of solutions such as Dealer Management Solutions, Auction Management Software, VIR™ Condition Report, Responsive Websites, CRM (including Workflow & Escalation Tools), Retail and Wholesale Market Place Aggregation Platforms, Predictive behavioral analytics, Automated Push Technology, Event driven Ads, GEO Targeted content, LVS™ Live Video engagement tools, Human Resource Information Systems, Competency and Training systems, Compliance tools, integration to third party DMS and much more in providing dealerships and the most effective path to streamlining their daily business needs.

About Wayne Reaves

Wayne Reaves has been a leading provider of Dealer Management Software since 1987. The DMS provides an easy to use experience for dealers of all types and sizes with Multi-Location and Online hosting capability. The software is always up to date and backups are secured. Wayne Reaves also provides the latest technology for dealers who enjoy using the Responsive Website Platforms for attracting new buyers. As the most trusted name in the digital space, dealers rely on Wayne Reaves Software to sell more cars, make more money, save time and increase productivity. No other digital partner provides dealers with the depth and breadth of experience in the dealer industry.