Best way to liquidate parts inventory???

[Txflyer]

Anyone have any good solutions for selling off existing parts inventory?

So far, the best I've been able to come up with is other dealers wanting to pick my best inventory and offer 50 cents on the dollar.

With the GM BK nearing it's conclusion, we're looking to wind down our GM operation as soon as possible.

[SHACOS]

Ebay, Craigs List? They seemed effective for those one off parts and you get nation wide coverage.

[Txflyer]

Ebay, Craigs List? They seemed effective for those one off parts and you get nation wide coverage. I sell a lot on ebay, but with over $100K in parts I'd spend the rest of my life selling them on ebay/Craigslist.

[XDCX]

In a perfect world, the media would expose Chrysler's plan to profit from the OLDCO dealers by buying their parts at a discount and "shame" Chrysler and GM into doing the right thing and repurchasing the parts at dealer net.

I've wanted to bring this issue to light but haven't had much luck. :(

In answer to your question, I'm afraid I don't have any answers. My bet is most parts will be sold to local dealers at a steep discount.

[lsx only]

it's a shame they want help us on parts,they got all this new money for the newco and want give us a damn dime of it,man did they give us a good screwing

[ohiobuckeyes]

We have been selling parts via OEConnect for almost 60% off cost. Just to move old old GM parts.

[Txflyer]

We sold quite a few on Dealermine at 50 cents on the dollar. Then sold the remaind (mainly old obsolete stuff) to another mega dealer for 20 cents on the dollar. Officially out of the GM parts business now.

[57years]

I am out of the GM franchise, and travelling the road as an independent sales and service opeation. I have $65,000.00 of GM parts left. Sales through Dealermine and ADP liquidation service are slow. It seems like there should be a number of former dealers in like situation, who have no place to list their inventories for a single item sale. Lord knows, I would rather buy from a former dealer who has a problem than anyone else. Does anyone know of a " parts Locator Service" who has a program set up for us Independents to buy from each other's parts invetory???

[flstsphil]

I own a body shop and used my purchasing at this shop as leverage. I made a deal with a local dealer to sell him my parts for 85 cents on the dollar and verbally committed to purchase Chrysler inventory from him for a reasonable period in the future. It worked out well.

[57years]

Good idea, I don't think would work for me. Local dealers in ca-hoots with GM on closing me. Was willing to testify against other locals at arbitrations.

[possum]

GM Ex-Dealers might call Scoggin-Dickey in Lubbock, TX.
They will pay "something" for them.

[57years]

Thank you!

[Txflyer]

GM Ex-Dealers might call Scoggin-Dickey in Lubbock, TX.
They will pay "something" for them.

That's who bought ours. Offer we got was our entire inventory (good stuff and outdated junk as well) for 20 cents on the dollar. It isn't much but better than letting it sit around and rot while you pay inventory tax on it. ;) They did send a Fed-ex truck for it at their expense. All we had to do was box it up and tell them how many boxes.

[57years]

You're right. I've sold much over the last 5 months at .30 on the dollar and them paid shipping. I'm not afraid to pull the trigger, I just think there out to be some other avenue than bulk selling. It would seem to me there are enough dealers such as I, that some inventive "locator service" would set up a "independent dealer to dealer" parts locator (at a minimal charge where they could make money), and us NEWLY independent could cross sell. Everybody wins, as the remaining balances in parts could go away at 50 or 60 % (instead of 20 or 30%), buyer would beat buying from a "going forward dealer at full price.
I've tried to contact the prior locator services I've used, and they don't understand the concept of an independent with a GM parts inventory.

[Lakeshow]

We are an ex-GM dealer, now independent; with all of our GM inventory on OEConnection. Our inventory is updated just as we were still a dealer....maybe I didn't understand the question either?

[57years]

OEConnect refused to continue our contract. We specifically asked if we could be continued as an independent, and the "home office" said "no". One wonders if the mistake was asking them.

[XDCX]

I'm not afraid to pull the trigger, I just think there out to be some other avenue than bulk selling. It would seem to me there are enough dealers such as I, that some inventive "locator service" would set up a "independent dealer to dealer" parts locator (at a minimal charge where they could make money), and us NEWLY independent could cross sell. Everybody wins, as the remaining balances in parts could go away at 50 or 60 % (instead of 20 or 30%), buyer would beat buying from a "going forward dealer at full price.

I remember I started a thread about a new company that was going to offer exactly the service you describe. It seems like it was over a year ago - I'll have to do some checking and see if I can find the thread.

[XDCX]

We are an ex-GM dealer, now independent; with all of our GM inventory on OEConnection. Our inventory is updated just as we were still a dealer....maybe I didn't understand the question either?

OEConnect refused to continue our contract. We specifically asked if we could be continued as an independent, and the "home office" said "no".

That's interesting - I wonder why OEConnect would even care if you were still an active GM dealer. Your money is just as green as the next guys.

One wonders if the mistake was asking them.

Isn't that the truth. :)

There are so many times I've screwed myself over by asking questions that I've lost count. One of my New Year's resolutions is to take this approach in the future - :dunno:

[57years]

I believe it has something to do with the contract between GM and OEConnect. I can see where someone would say it takes a full price sale away from an go-forward dealer. Lord knows, GM is soooo protective of their dealer body. (Did I just hear someone choke?)

[XDCX]

I remember I started a thread about a new company that was going to offer exactly the service you describe. It seems like it was over a year ago - I'll have to do some checking and see if I can find the thread.

I found the thread and "bumped" it with the new post. :)

It's the Moveparts.com thread - click here (http://www.dealershipforum.com/forums/showthread.php?t=1400)

[Lakeshow]

We were actually off the OE system for a month before we got the contract straightened out. Our Parts Mgr just informed me we were able to resign w/ OEConnection because we are an ACDelco Parts/Service Center.

To those who didn't know, this also allows you access to GM's Service Information and TIS2Web reprogramming. All the same websites across the board. The Tech Support is handled differently than GM TAC, and to this point had been disappointing.

[mr4t60e]

15 gallons of gas and a match?

[steve_biegler]

15 gallons of gas and a match?
Speaking from experience?

[57years]

We were actually off the OE system for a month before we got the contract straightened out. Our Parts Mgr just informed me we were able to resign w/ OEConnection because we are an ACDelco Parts/Service Center.

To those who didn't know, this also allows you access to GM's Service Information and TIS2Web reprogramming. All the same websites across the board. The Tech Support is handled differently than GM TAC, and to this point had been disappointing.

We have tried the ACDelco Service Center route and have been rebuffed. We do have the other services you mentioned and are listed as a ACDelco service center on their website. Is it possible your Parts Manager doesn't know how he qualifies for OEConnect?

[Lakeshow]

That's a good possibility, unfortunately. He'll be back in the store tomorrow and I'll quiz him some more.

[57years]

Thanks for the help!

[JoeRocket]

Anyone ever use dealerpartstrader.com?

[XDCX]

Anyone ever use dealerpartstrader.com?

I've never heard of the service before but I checked out their website and it seems like an interesting concept. Have you used their service?

[JoeRocket]

Have you used their service?

Not yet.

I was struggling to get out from under a tough obsolescence problem I inherited when I first got here and thought about it pretty hard. I ended up convincing the corporate guys to give me access to all of the other D/C/J stores inventories to see if my junk might be their hot movers and I got rid of a majority of my stuff with only a 10% hit.

If it wasn't for that I would have probably talked to 'em.

[57years]

I read the website and I don't see that much difference between the and Dealermine or ADP parts liquidator. Did I miss something?

[XDCX]

I ended up convincing the corporate guys to give me access to all of the other D/C/J stores inventories to see if my junk might be their hot movers and I got rid of a majority of my stuff with only a 10% hit.

Very cool - I like your style. That's definitely a great example of finding a "win-win" solution. I hope corporate gave you a big bonus. :rolleyes:

On a different note, I've heard about dealers who were able to convert their excess return allowance into cash by buying old parts from other dealers and I've often wondered if there was an opportunity there. In some ways it appears that's the type of situation dealerpartstrader.com tries to broker.

[JoeRocket]

Very cool - I like your style. That's definitely a great example of finding a "win-win" solution. I hope corporate gave you a big bonus. :rolleyes:

Ha!

On a different note, I've heard about dealers who were able to convert their excess return allowance into cash by buying old parts from other dealers and I've often wondered if there was an opportunity there.
Definitely. If you're big enough that you earn that kind of allowance, it's a money maker. Unfortunately, we're not...

I say "unfortunately". Probably a good thing.

[twkrantz]

^BUMP

Does anyone know of any mega dealers that purchase obsolete parts inventory for cheap?

[Lakeshow]

Update on our relationship w/ OEConnection...

They gave us one 6 month extesion per GM but that was it, we're done. And it took me a month of constantly calling(they don't return your call w/o a dealer code, even though we shovel them $$ every month) to find out that info.

On the other hand our GM/Snap-On parts look-up software was granted another six month extension, per GM.

Go figure, glad to see nothing's changed.

[57years]

ADP has the "Cash Discovery Program." review at: www.sellmyidlestock.com. I've had some success with program, but again, it's a "pick thru" your inventory, not a bulk sale. P. S. you pay the freight, and net 40% of purchase price (at current book pricing). There's another one out there called www.dealermine.com. Basiclly the same senario.

[Txflyer]

Try Scoggin Dickey in Lubbock Texas. That's who bought most of ours; just don't expect much for it.

[twkrantz]

Is there anyone in particular to ask for at Scoggin Dickey?

Thanks for the suggestions!

[Txflyer]

Is there anyone in particular to ask for at Scoggin Dickey?

Thanks for the suggestions!

Just ask for the parts manager.

[twkrantz]

No luck w/ Scoggin. Anyone else selling their obsolete anywhere?

[57years]

Are you staying in business, selling used cars? I ask only that I recently looked into and joined a program with "Mighty" auto parts. They rebadge all my GM parts to their numbers, including sheet metal (unlike NAPA). The stocking quantities of their parts is low, and a large discount on initial order, with payments made by volume discunts earned in later months.

[twkrantz]

Staying in business. Just have some parts left from the old dealer that would like to see gone in bulk. We're on dealermine and they seemed to pick over what they wanted already.

[jayhawk]

57 years--- are you a MIGHTY distributor/franchisee? if so please tell us how its working, initial franchise expenses, etc.,. we have an old dealership building coming out of lease and it might fit, for a lot of reasons. never heard of mighty before and no territories w/in 100 miles of us. thanks,

[possum]

We have exhausted DealerMine, ADP, Scoggin-Dickey, and everyone else we know. We still have a bunch!!

[gldunlap]

I'm a serious buyer of overstock and obsolete GM parts. Please email if interested in discussing. Thanks GLDunlap@comcast.net