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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