Founded in 2010, Car Monkeys
(formerly the Delaine Corporation) has gained traction as one of the largest
and fastest-growing online distributor of used cars, vans and SUV parts
distributors in the United States. Selling used car parts may not initially sound
like a sustainable business plan, but as more Americans live
paycheck-to-paycheck and the average age of cars on the road ticks higher,
revenue-generating Car Monkeys finds its business is in high demand.
Utilizing proprietary search
technology, Car Monkeys has access to hundreds of thousands of used,
high-quality, low-mileage automotive parts which it sells to consumers,
retailers, truck and car fleet owners, and auto repair facilities via
CarMonkeys.com.
One of the perks of being an online
retailer is that the company does not have to invest in or maintain substantial
inventory. Rather than stocking warehouses full of auto parts, Car Monkey
offers a “virtual ‘just-in-time’ inventory system.” This cost-saving approach
uses Internet search algorithms to quickly find, cross reference and price used
auto parts from a trusted network of automotive recyclers nationwide. The
proprietary search-and-consolidation algorithm enables a superior, vast and
detailed online catalog of used auto parts.
When the search results are returned,
the consumer is presented with parts offered at competitive pricing based on
availability and wholesale cost of each particular part. All parts ordered
through CarMonkeys.com ship from one of the company’s numerous distributors and
auto dismantling centers straight to the customer or their mechanic.
Purchasing any used item comes with a
warranted measure of concern regarding the integrity of the product and its
function. Still, the cheaper price, when compared to pricing of new parts, is
an obvious allure for the budget-conscious consumer.
Experts estimate that roughly half of
Americans are living paycheck-to-paycheck; subsequently, the Department of
Transportation reports that an increasing percentage of older vehicles being
kept in service for a longer period of time. In fact, in August 2013 report
from R.L. Polk shows the average age of all light vehicles on the road at a
record high of 11.4 years, long after most warranties have expired.
Dishing out money for costly repairs
or maintenance of these vehicles can be a significant set-back to an individual
or family with a tight budget, but doesn’t mean the consumer is willing to
forego reliability for a lower-cost part. The Car Monkeys’ business approach,
however, offers several advantages to give its customers a peace of mind when
buying used auto parts.
Car Monkeys’ customers enjoy a
five-year unlimited mileage warranty, zero shipping costs, and a generous
return policy. In addition, Car Monkeys’ proprietary search technology accounts
for the fact that many identical parts and assemblies are shared across
multiple models, model years and brands of cars – something most car owners are
completely unaware of. Ordinary search engines cannot account for this
interchangeability and as a result severely limit the customers’ range of
choices.
The company also applies advanced AI
techniques to perform a complex analysis to identify parts that are
competitively priced as well as of verifiable quality. This component allows
Car Monkeys to rapidly analyze all search results and display to its customers
the parts of best value. This enables a reasonable profit margin and a
predictive quality metric that allows the company to offer free
unlimited-mileage warranty on used parts purchased through CarMonkeys.com.
For this reason, as the company puts
it, buying recycled parts from Car Monkeys is “quite often a safer choice than
buying new parts from its competitors.”
Americans love a good deal, and as
the number of older vehicles on the road increases, Car Monkeys expects
continued increase in demand for its products and services.
For more information, visit
www.carmonkeys.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment