Car Monkeys, Inc. (CKMY) Emerging as Reputable Player in $22B Automotive Recycling Industry
Any car owner knows the costs of car maintenance and repair can quickly add up to several hundred dollars of parts and labor. According to CarMD’s 2014 State Index, the average cost for check engine light-related repairs in the U.S. in 2013 was $392.49, up nearly 7% from 2012. As the cost of auto parts continues to rise, however, so does sales potential for Car Monkeys Group, a seller of used, high-quality, low-mileage automotive parts.
In its five years of operations, the New Jersey-based company has used its proprietary technology and access to hundreds of thousands of parts to become a premiere online used parts distributor in the United States. Car Monkeys’ growing customer base is comprised of consumers, retailers, auto repair facilities, and truck and car fleet owners looking for more affordable automotive parts for all vehicle makes and models.
As an online retailer, Car Monkeys avoids the steep costs and space requirements needed for substantial inventory. Instead, the company utilizes its proprietary software specifically designed to search, cross reference and price used auto parts.
The proprietary search algorithms perform a complex analysis to search through the results and identify auto parts that are competitively priced as well as of verifiable quality. The system then displays to the consumer a vast and detailed online catalog of used high-quality, low-mileage automotive parts offered at wholesale from a trusted network of automotive recyclers nationwide.
All parts ordered through CarMonkeys.com ship from one of the company’s numerous distributors and auto dismantling centers straight to the customer or to their mechanic. In the past, mechanics were rightfully reluctant to install used or even new parts supplied by the customer from external discount sources due to the fact that if the part fails, or the customer is dissatisfied for any reason whatsoever, the mechanic has to resolve the issue at his or her own expense, or risk losing the customer by refusing to do so. By dealing with Car Monkeys and its five-year unlimited mileage warranty, however, selected shops are able to expand their customer base with no risk to themselves.
In addition to its large network, zero shipping costs, warranty and generous return policy, Car Monkeys’ high-quality catalog of used automotive parts further contribute to the increasing popularity of its brand in the broader $22 billion North American automotive recycling industry.
For more information, visit www.carmonkeys.com
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