Finding parts to keep a beloved classic
vehicle, or just a workhorse that consumers don’t want to part with, can be a
very costly and time consuming affair. Even if the consumer simply passes this
job along to the mechanic, who will then bill for the time it takes to source
and replace components, the cost can quickly become a serious problem. The
going average hourly rate for a skilled mechanic herein the U.S. is around $80
to $100, so it makes sense to try and save as much money as possible on the
repair or upgrade bill by avoiding the exorbitant cost of new parts and instead
using robust used parts, picked from recycled vehicles, that still have
hundreds of thousands of miles of life in them.
However, finding high quality used parts
has often been more costly, difficult or time consuming than using already
often difficult to source new parts, especially for older model vehicles,
meaning that consumers generally had to bite the bullet and just pay the cost
of whatever the mechanic thought was the best and cheapest solution, whether
the part was new or used. This logistical set of problems has created a huge
opportunity for Car Monkeys Group (OTC: CKMY), which leverages their
proprietary search, consolidation and procurement technology, via the company’s
CarMonkeys.com website, in combination with a growing nationwide network of car
recycling suppliers, to provide consumers and mechanics alike with affordable,
high-quality used parts that are low-mileage, have been run and tested, and
which are ready-to-ship at a moment’s notice.
To further their handle on this growing
niche market, CKMY has even recently appointed the founder and former
CEO/President of one of the top 100 logistics companies on earth (Integrated
Global Logistics), Donald Varshine, to be the Car Monkeys Group COO. Varshine
brings a wealth of experience developing distribution networks to the table and
was also the co-founder of Keystone Dedicated Logistics, in addition to having
been one of the top executives at H. J. Heinz (NYSE: HNZ), which is currently
planned to merge with Kraft (NASDAQ:KRFT), a merger that would result in a
juggernaut packaged foods company, whose logistical muscle and distribution
network will no doubt dominate this sector in the United States.
Fueled by the visionary guidance of such
men as Varshine, CKMY will continue to expand their presence as a leading
just-in-time fulfillment focused online retailer of high-quality used auto
parts, by building out their supplier network and tightening up the overall
distribution chain. Similarly, the bedrock of the company’s sophisticated
search capabilities, the proprietary algorithms developed by CKMY President,
Mariusz Girt, will continue to distinguish the company and CarMonkeys.com,
among consumers and mechanics. Thanks to the CarMonkeys.com engine’s ability to
differentiate complex factors, like how identical parts and assemblies across
multiple brands, years and makes/models are interchangeable, or other/similar
complexities that existing search engines cannot accurately differentiate, the
company is likely to continue winning over consumers and mechanics with an
easy-to-use interface that allows them to rapidly search for and find the parts
they need.
Another huge draw for CKMY is how they
stand behind their products, offering purchasers an incredible up to 5-year
unlimited miles warranty. With free shipping anywhere in the continental U.S.
and a no-hassle 30-day return policy, there is virtually no barrier to entry
for consumers or mechanics when it comes to using CarMonkeys.com, and pairing
these incomparably reassuring service vectors up with an easy to search
ordering website has already allowed CKMY to rise to prominence as a provider
of choice for many mechanics.
The Varshine appointment to Chief
Operating Officer is a clear indication to investors of CKMY’s seriousness
about growing their highly appealing business model, and as more and more
consumers these days are turning away from brick and mortar retail to shopping
online, CKMY seemingly has all the right stuff needed to rapidly emerge as the
Amazon.com of high-quality used auto parts. Recent analysis of the used car
part wholesaling market by IBIS World indicates that the sector did around $3
billion in revenues last year, or roughly half that of the online new
aftermarket parts market, clearly indicating how big the pie is that CKMY is
looking to carve an increasingly large slice off of as they move forward. With
around 0.5 percent compound annual growth in the used car part wholesaling
market over the past half decade, buoyed further by National Automobile Dealers
Association data showing that used vehicles outsold new ones by a factor of
three last year, Car Monkeys Group is poised to become an ever more leading
player in what is essentially an underexploited but extremely healthy industry.
Take a closer look, or shop for parts
yourself, by visiting www.carmonkeys.com
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