Auto Industry Firms Plan Virtual Parts Exchange
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Three of the big names in the auto and collision industries launched ChoiceParts LLC, a new company that will provide auto retailers and collision repair facilities access to a virtual warehouse of auto parts.
When it launches later this summer, ChoiceParts, to be based in Denver, will serve as an electronic auto parts marketplace linking more than 24,000 North American franchised auto retailers, other parts suppliers and more than 50,000 collision repair facilities.
By integrating workstations that are already in place inside auto retailers and collision repair facilities, ChoiceParts will enable buyers and sellers in the parts supply chain to instantly locate and order the parts they need, the companies said.
"By moving aggressively to launch the service late this summer, we're confident that ChoiceParts will lead the online parts exchange industry," said Largen.
"Auto retailers, collision repair facilities, vehicle manufacturers and insurance companies as well as their customers are the ultimate benefactors, as the instances of repairs being delayed because the unavailability of parts can be dramatically reduced," he added.
"Our first solution will allow auto retailer parts personnel to quickly find and order parts needed for customer service right from their existing workstations, even if those workstations are not PC-based," said Baird. "Later this year we'll bring that same, point-of-need functionality to collision repair facilities."