JMsolutions: Cars Sell Up to Nine Days Faster With Carfax Report

Study Finds Five Day Turn Improvement On Average; $250 Minimum Lift In Dealer Profits

By JMsolutions

"With the inclusion of Carfax in the AAX system, there is a significant impact being made for our dealers," said Tim Zierden, assistant vice president and general manager, software solutions, JMsolutions. "Dealers need to take every advantage available to them today. Our study confirms that consistent use of Carfax Reports means increased revenue to dealers. Having instant access to Carfax Reports while appraising a car means there is less likelihood that a dealer will miss something in the vehicle history that might impact the value of the appraisal. Once they have pulled the report in the AAX system it is available to them for as long as they own the car."

In addition, the study, based on more than 52,000 vehicles retailed by dealers using AAX, shows a lift in resale value when dealers run a Carfax Report within AAX before retailing a vehicle. The combined inventory cost reduction and resale lift nets dealers a minimum $250 increase per car.

"As this study shows, dealers that include a Carfax Vehicle History Report with their retail units increase vehicle sales rates and profitability," said Larry Gamache, communications director at Carfax. "Our dealer customers make better decisions about the cars they put on their lot by running a Carfax Report through inventory systems like AAX. Just as important, dealers have Carfax Reports automatically linked to their vehicle listings almost anywhere online, giving consumers greater confidence to buy."

Results from previous studies by GE Fleet Services and Liquid Motors showed similar results about the impact of Carfax Reports on vehicle resale value and inventory turn. More than 32,000 dealers provide free Carfax Vehicle History Reports for vehicles on their lot or listed online at places like AutoTrader.com, cars.com and Yahoo! Autos to build consumer confidence.

About JMsolutions

A JM Family Enterprises, Inc. (http://www.jmfamily.com) company, JMsolutions (http://www.jmfe-jmsolutions.com) develops and markets innovative, integrated software systems that help automotive dealers improve operational efficiencies throughout the entire sales and marketing process while maximizing sales. JMsolutions offers its AAX(TM) inventory management suite; CMX(TM) customer management suite which includes DealerUps(TM) customer relationship management, ProCal(TM) desking, ProFi(TM) finance and insurance menu; and SMX(TM) sales and service marketing suite by DMEautomotive. It also provides dealers with related training and consulting services. JMsolutions serves over 2,500 dealership clients nationwide, including the nation's top six dealer groups. Headquartered in Deerfield Beach, Fla., JMsolutions has major operations in Dallas, Texas.

JM Family Enterprises, Inc. (JM Family) (http://www.jmfamily.com) is a $12.2 billion diversified automotive company ranked by Forbes as the 22nd-largest privately held company in the U.S. It is currently ranked No. 23 by FORTUNE(R) as one of the 100 Best Companies to Work For, its 10th consecutive year on the list. Primary subsidiaries and divisions include: Southeast Toyota Distributors, LLC, World Omni Financial Corp., JM&A Group, JM Service Center LLC, JM Lexus and JMsolutions. Headquartered in Deerfield Beach, Fla., JM Family has major operations in Jacksonville and Margate, Fla.; Commerce and Alpharetta, Ga.; Mobile, Ala.; and St. Louis, Mo.

About Carfax (http://www.carfax.com)

Millions of used car buyers and sellers each year rely on Carfax, the most trusted provider of vehicle history information. Using the unique 17-character vehicle identification number (VIN) found on vehicle dashboards and title documents, Carfax instantly generates a detailed Vehicle History Report on any used car or light truck. Carfax Vehicle History Reports(TM) provide valuable information that helps used car buyers and sellers make better decisions. Free Carfax Vehicle History Reports are instantly available with vehicles listed in nearly every online marketplace by Carfax-subscribing dealers. For more information, ask your dealer or visit http://www.carfax.com.

SOURCE JMsolutions