Best way to liquidate parts inventory???

[XDCX]

Originally Posted by JoeRocket

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.

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]

Originally Posted by XDCX

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.

Ha!

Originally Posted by XDCX

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]

Originally Posted by twkrantz

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

[sunwest]

I'm the semi new Parts Manager at a ex GM Dealership and am having problems liquidating my gm inventory, I have about $90k and the owner wants it moved in 1 or 2 transactions, any help woud be appreciated.