The DS360 Guarantee from DealShield has been integrated with the EDGE AuctionOS platform from remarketing technology provider Auction Edge.
This means that more than 100 independent auction partners of Auction Edge can now tap into the services of DealShield, which is a Cox Automotive brand providing wholesale inventory risk management.
The first independent utilizing the integration of DS360 with EDGE AuctionOS — one of several tech platforms offered by Auction Edge to independents auctions — is Central Auto Auction in Hamden, Conn.
“We’re excited to be the first AOS auction to offer the DS360 guarantee, and as always the EDGE folks stepped up to make it happen,” Central Auto Auction president Peter Saldamarco said in a news release. “DealShield brings substantial value to our Simulcast and OVE buyers and will no doubt help generate additional business for us.”
Through the DS360 guarantee, should a subscribing dealer buy a wholesale car at a participating auction then decide he or she does not want it — for any reason — the dealer can bring the vehicle back to any auction in the DealShield network and receive a full refund.
DealShield says there is no arbitration and no questions asked.
The original window to return the vehicle was 21 days, and that is still being offered. But if dealers wish to upgrade, they can now have 30 days to return the vehicle, as reported here by AuSM last month.
“We launched DealShield in 2012 with one simple premise — to give dealers more peace of mind in the wholesale market,” said Stu Dressler, interim leader and senior director of operations at DealShield. “Six years later, we are excited to reach even further across the industry in conjunction with Auction Edge, a leader — and great partner — in the independent auction space.”
Auction Edge has partnered with DealShield since 2017. At that time, auctions using the EDGE ASI platform (another Auction Edge offering) were given the opportunity to join the DealShield network, and since then, more than 35 independents on that platform have done so.
And now, auctions using the EDGE AuctionOS platform can join the DealShield network.
“This partnership answers the desire of independent auctions to fully participate in the growing purchasing power of DealShield dealers,” Auction Edge chief executive Dan Diedrich said in a news release. “Coupled with great training and support, our independent auction network will have a seamless solution for their buying audience.”