AUSTIN, TX – 11 August, 2016 – The Heavy Equipment Exchange, the world’s first online, dealer-only wholesale marketplace for the global trade of both on- and off brand heavy equipment, announced today that it has added a new, unique feature to their platform in order to support dealers in their efforts to avoid lost sales and drive customer satisfaction.
THE Exchange’s smart, patent pending, secure, cloud-based SaaS platform accelerates transactions to create a stronger bottom line by bringing together vetted equipment dealers now offers a ‘Need it Now’ alert. Through ‘Need It Now’ THE Exchange members have a real time demand/supply communication advantage that reaches every member of THE Exchange; allowing members to effectively source equipment for walk in customers that cannot be met from physical inventory. This unique feature reduces lost sales from customers shopping other dealers because they could not find what they wanted. This creates an opportunity for every member to sell for every other member when then need It now request is met.
“Dealers are leaving billions of dollars on the table every year and it is our mission to help them drive more of their money to their bottom line,” said John Fleming, CEO of THE Exchange. “We are excited to have the ability to provide an immediate connection for dealers to find the equipment their customer needs on the spot.”
By developing the first online wholesale marketplace, THE Exchange has created a new way to purchase used equipment. The wholesale price guidance tool is designed to assist serious buyers and sellers interested in fast transactions and return on invested capital. Wholesale prices are validated on the website by pulling over 600,000 data points from various auction and industry sales statistics in addition to current actual priced transactions.
Utilizing its patent pending, state of the art technology, THE Exchange will enable more transactions faster at normalized market pricing. Connecting decision makers in a dynamic trading environment provides higher dealer margins and lower cost to move surplus, off-brand trade-ins, and reduce lost sales with increased effectiveness of invested capital.
About The Heavy Equipment Exchange
The Heavy Equipment Exchange (THE Exchange) is the world’s first, dealer only, private online wholesale marketplace for the global trade of used heavy construction, earthmoving and related equipment. THE Exchange accelerates cross-brand trade by bringing together original equipment and independent dealers on a smart, patent pending, secure, cloud-based SaaS platform. Global Exchange members connect and work directly with one another to instantly buy or sell inventory in an easy to use secure and trusted environment eliminating middlemen and pricing inefficiencies. By linking decision makers in a real-time transactional environment, THE Exchange facilitates fast transactions at normalized market prices, for higher margins and less cost.